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Company Registration No. 12867553 (England and Wales)
Urgo2 Ltd Unaudited accounts for the year ended 30 September 2023
Urgo2 Ltd Unaudited accounts Contents
Page
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Urgo2 Ltd Company Information for the year ended 30 September 2023
Director
Tomas Galdikas
Company Number
12867553 (England and Wales)
Registered Office
7 Bell Yard London WC2A 2JR United Kingdom
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Urgo2 Ltd Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
250,749 
252,166 
Tangible assets
339,811 
344,874 
590,560 
597,040 
Current assets
Inventories
135,640 
129,938 
Debtors
73,501 
83,942 
Cash at bank and in hand
55,287 
7,304 
264,428 
221,184 
Creditors: amounts falling due within one year
(254,782)
(271,786)
Net current assets/(liabilities)
9,646 
(50,602)
Total assets less current liabilities
600,206 
546,438 
Creditors: amounts falling due after more than one year
(519,892)
(549,124)
Net assets/(liabilities)
80,314 
(2,686)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
80,313 
(2,687)
Shareholders' funds
80,314 
(2,686)
For the year ending 30 September 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 3 August 2024 and were signed on its behalf by
Tomas Galdikas Director Company Registration No. 12867553
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Urgo2 Ltd Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Urgo2 Ltd is a private company, limited by shares, registered in England and Wales, registration number 12867553. The registered office is 7 Bell Yard, , London, WC2A 2JR, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
1.5
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 October 2022
255,000 
At 30 September 2023
255,000 
Amortisation
At 1 October 2022
2,834 
Charge for the year
1,417 
At 30 September 2023
4,251 
Net book value
At 30 September 2023
250,749 
At 30 September 2022
252,166 
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Urgo2 Ltd Notes to the Accounts for the year ended 30 September 2023
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 October 2022
355,000 
At 30 September 2023
355,000 
Depreciation
At 1 October 2022
10,126 
Charge for the year
5,063 
At 30 September 2023
15,189 
Net book value
At 30 September 2023
339,811 
At 30 September 2022
344,874 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
64,861 
72,019 
Other debtors
8,640 
11,923 
73,501 
83,942 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
65,805 
66,923 
Obligations under finance leases and hire purchase contracts
72,580 
79,103 
Trade creditors
67,932 
74,231 
Other creditors
48,465 
51,529 
254,782 
271,786 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
519,892 
549,124 
9
Average number of employees
During the year the average number of employees was 15 (2022: 15).
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