Company Registration No. 11018683 (England and Wales)
UK Imports & Exports Company Ltd
Unaudited accounts
for the year ended 31 October 2023
UK Imports & Exports Company Ltd
Unaudited accounts
Contents
UK Imports & Exports Company Ltd
Statement of financial position
as at 31 October 2023
Cash at bank and in hand
31
187
Creditors: amounts falling due within one year
(81,771)
(45,249)
Net current liabilities
(67,330)
(31,952)
Total assets less current liabilities
(67,330)
(31,952)
Creditors: amounts falling due after more than one year
(23,247)
(28,540)
Net liabilities
(90,577)
(60,492)
Called up share capital
1
1
Profit and loss account
(90,578)
(60,493)
Shareholders' funds
(90,577)
(60,492)
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 July 2024 and were signed on its behalf by
Hiba Rama
Director
Company Registration No. 11018683
UK Imports & Exports Company Ltd
Notes to the Accounts
for the year ended 31 October 2023
UK Imports & Exports Company Ltd is a private company, limited by shares, registered in England and Wales, registration number 11018683. The registered office is 3a Thames Road, London, E16 2EZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
33.33% straight line basis
Computer equipment
33.33% straight line basis
The company is a going concern. It embarks on long term projects for which the income arises at completion. The company is funded and supported by long term shareholders.
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2022
4,000
500
4,500
At 31 October 2023
4,000
500
4,500
At 1 November 2022
4,000
500
4,500
At 31 October 2023
4,000
500
4,500
UK Imports & Exports Company Ltd
Notes to the Accounts
for the year ended 31 October 2023
5
Creditors: amounts falling due within one year
2023
2022
Other creditors
1,433
1,330
Loans from directors
80,338
43,919
6
Creditors: amounts falling due after more than one year
2023
2022
The company was under the control of Mrs Hiba Rama throughout the current and previous year. Mrs Rama is the managing director and majority shareholder.
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).