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Registration number: 09402441

The Unit Huddersfield Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

The Unit Huddersfield Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

The Unit Huddersfield Ltd

Company Information

Directors

B S Bamforth

H M Bamforth

Company secretary

B S Bamforth

Registered office

Unit 17 New Mill Road
Honley
Holmfirth
West Yorkshire
HD9 6QB

 

The Unit Huddersfield Ltd

(Registration number: 09402441)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

108,191

132,517

Current assets

 

Debtors

5

129,979

55,702

Cash at bank and in hand

 

4,507

9,572

 

134,486

65,274

Creditors: Amounts falling due within one year

6

(67,887)

(52,847)

Net current assets

 

66,599

12,427

Total assets less current liabilities

 

174,790

144,944

Creditors: Amounts falling due after more than one year

6

(39,797)

(45,506)

Provisions for liabilities

(27,048)

(20,805)

Net assets

 

107,945

78,633

Capital and reserves

 

Called up share capital

100

100

Retained earnings

107,845

78,533

Shareholders' funds

 

107,945

78,633

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

The Unit Huddersfield Ltd

(Registration number: 09402441)
Balance Sheet as at 31 March 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 July 2024 and signed on its behalf by:
 

.........................................
B S Bamforth
Company secretary and director

 

The Unit Huddersfield Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 17 New Mill Road
Honley
Holmfirth
West Yorkshire
HD9 6QB
United Kingdom

These financial statements were authorised for issue by the Board on 26 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

The Unit Huddersfield Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% on Reducing balance

Computer equipment

25% on Straight line

Office equipment

25% on Straight line

Motor Vehicles

25% on Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

The Unit Huddersfield Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

The Unit Huddersfield Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

The Unit Huddersfield Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Cost or valuation

At 1 April 2023

-

176,210

8,447

86,150

Additions

1,929

11,003

2,067

-

Disposals

-

(125)

-

-

At 31 March 2024

1,929

187,088

10,514

86,150

Depreciation

At 1 April 2023

-

111,708

5,044

21,538

Charge for the year

386

15,056

2,221

21,537

At 31 March 2024

386

126,764

7,265

43,075

Carrying amount

At 31 March 2024

1,543

60,324

3,249

43,075

At 31 March 2023

-

64,502

3,403

64,612

Total
£

Cost or valuation

At 1 April 2023

270,807

Additions

14,999

Disposals

(125)

At 31 March 2024

285,681

Depreciation

At 1 April 2023

138,290

Charge for the year

39,200

At 31 March 2024

177,490

Carrying amount

At 31 March 2024

108,191

At 31 March 2023

132,517

 

The Unit Huddersfield Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

5

Debtors

2024
£

2023
£

Other debtors

128,911

52,072

Prepayments

1,068

3,630

129,979

55,702

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

32,208

31,208

Trade creditors

 

2,645

11,074

Amounts owed to group undertakings and undertakings in which the company has a participating interest

8

6,076

2,137

Taxation and social security

 

25,162

6,574

Accruals and deferred income

 

1,796

1,854

 

67,887

52,847

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

39,797

45,506

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Hire purchase contracts

39,797

45,506

 

The Unit Huddersfield Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Current loans and borrowings

2024
£

2023
£

Hire purchase contracts

5,708

5,708

Other borrowings

26,500

25,500

32,208

31,208

8

Related party transactions

Transactions with directors

2024

At 1 April 2023
£

Advances to director
£

Repayments by director
£

At 31 March 2024
£

H M Bamforth

Interest is charged at 2.25% per annum. Amounts shown are aggregates. There are no conditions attached to this loan.

2,894

24,889

(27,783)

-

B S Bamforth

Interest is charged at 2.25% per annum. Amounts shown are aggregates. There are no conditions attached to this loan.

2,133

49,203

(51,336)

-

2023

At 1 April 2022
£

Advances to director
£

Repayments by director
£

At 31 March 2023
£

H M Bamforth

Interest is charged at 2.25% per annum. Amounts shown are aggregates. There are no conditions attached to this loan.

27,599

7,326

(32,031)

2,894

B S Bamforth

Interest is charged at 2.25% per annum. Amounts shown are aggregates. There are no conditions attached to this loan.

33,699

10,370

(41,936)

2,133