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REGISTERED NUMBER: 06538999 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

UNIVERSAL DELIVERY SOLUTIONS LIMITED

UNIVERSAL DELIVERY SOLUTIONS LIMITED (REGISTERED NUMBER: 06538999)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


UNIVERSAL DELIVERY SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr N Chawla
Mrs M Chawla





SECRETARY: Mrs M Chawla





REGISTERED OFFICE: 505 Pinner Road
Harrow
Middlesex
HA2 6EH





REGISTERED NUMBER: 06538999 (England and Wales)





ACCOUNTANTS: STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
UNIVERSAL DELIVERY SOLUTIONS LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Universal Delivery Solutions Limited for the year ended 31 March 2024 which comprise the Profit and Loss, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Universal Delivery Solutions Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Universal Delivery Solutions Limited and state those matters that we have agreed to state to the Board of Directors of Universal Delivery Solutions Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Universal Delivery Solutions Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Universal Delivery Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Universal Delivery Solutions Limited. You consider that Universal Delivery Solutions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Universal Delivery Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH


2 August 2024

UNIVERSAL DELIVERY SOLUTIONS LIMITED (REGISTERED NUMBER: 06538999)

BALANCE SHEET
31 MARCH 2024

31/3/24 31/3/23
Notes £ £ £ £
FIXED ASSETS
Property, plant and equipment 4 97,632 76,780

CURRENT ASSETS
Debtors 5 843,500 642,154
Cash at bank and in hand 13,460 7,318
856,960 649,472
CREDITORS
Amounts falling due within one year 6 851,566 712,854
NET CURRENT ASSETS/(LIABILITIES) 5,394 (63,382 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,026

13,398

CREDITORS
Amounts falling due after more than one
year

7

(93,488

)

(72,231

)

PROVISIONS FOR LIABILITIES (8,557 ) (8,557 )
NET ASSETS/(LIABILITIES) 981 (67,390 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 881 (67,490 )
SHAREHOLDERS' FUNDS 981 (67,390 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

UNIVERSAL DELIVERY SOLUTIONS LIMITED (REGISTERED NUMBER: 06538999)

BALANCE SHEET - continued
31 MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by:





Mr N Chawla - Director


UNIVERSAL DELIVERY SOLUTIONS LIMITED (REGISTERED NUMBER: 06538999)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Universal Delivery Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard FRS102 1A " The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax. Revenue from the courier services is recognised at the time of the service is rendered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Government grants
During the year, the company received government grants under the scrappage scheme. These have been fully recognised as income in the profit and loss account.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

UNIVERSAL DELIVERY SOLUTIONS LIMITED (REGISTERED NUMBER: 06538999)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The accounts have been prepared on a going concern basis, since in the opinion of the directors, it is appropriate to assume that the company will receive the continued support of its shareholders for a period in excess of twelve months from the date of approval of these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 11 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 April 2023 14,662 4,443 177,753 43,474 240,332
Additions - - 53,397 - 53,397
At 31 March 2024 14,662 4,443 231,150 43,474 293,729
DEPRECIATION
At 1 April 2023 11,662 4,000 114,414 33,476 163,552
Charge for year 750 111 29,184 2,500 32,545
At 31 March 2024 12,412 4,111 143,598 35,976 196,097
NET BOOK VALUE
At 31 March 2024 2,250 332 87,552 7,498 97,632
At 31 March 2023 3,000 443 63,339 9,998 76,780

UNIVERSAL DELIVERY SOLUTIONS LIMITED (REGISTERED NUMBER: 06538999)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
COST
At 1 April 2023 177,753
Additions 53,397
At 31 March 2024 231,150
DEPRECIATION
At 1 April 2023 114,414
Charge for year 29,184
At 31 March 2024 143,598
NET BOOK VALUE
At 31 March 2024 87,552
At 31 March 2023 63,339

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£ £
Trade debtors 797,363 495,544
Other debtors 26,632 84,016
Directors' current accounts 13,105 58,248
VAT 4,855 3,914
Prepayments 1,545 432
843,500 642,154

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£ £
Bank loans and overdrafts 92,073 12,969
Hire purchase contracts 20,152 15,590
Trade creditors 368,713 390,348
Amounts owed to connected company 56,779 56,779
Taxation and social security 94,210 35,509
Other creditors 219,639 201,659
851,566 712,854

UNIVERSAL DELIVERY SOLUTIONS LIMITED (REGISTERED NUMBER: 06538999)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£ £
Bank loans 28,611 34,105
Hire purchase contracts 64,877 38,126
93,488 72,231

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 5,083 11,574

8. SECURED DEBTS

The following secured debts are included within creditors:

31/3/24 31/3/23
£ £
Hire purchase contracts 85,029 53,716
Factored debts 86,440 1,860
171,469 55,576

Factored debts are arrangements whereby certain trade receivables are assigned to a third-party financial institution. These debts are secured by a floating charge over the company's book debts and a debenture.

9. RESERVES
Retained
earnings
£

At 1 April 2023 (67,490 )
Profit for the year 128,371
Dividends (60,000 )
At 31 March 2024 881

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the directors owed £13,105 (2023: £58,248) to the company. The amount owed was repaid in full on 31 October 2024. The company charged interest at 2% per annum.

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £60,000 were paid to the directors .