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REGISTERED NUMBER: SC218107 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Union Supplies (Aberdeen) Limited

Union Supplies (Aberdeen) Limited (Registered number: SC218107)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

Union Supplies (Aberdeen) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: L J Williamson





REGISTERED OFFICE: Johnstone House
52-54 Rose Street
ABERDEEN
AB10 1HA





REGISTERED NUMBER: SC218107 (Scotland)





ACCOUNTANTS: Atholl Scott
Victoria House
13 Victoria Street
ABERDEEN
AB10 1XB

Union Supplies (Aberdeen) Limited (Registered number: SC218107)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 5,912 4,890

CURRENT ASSETS
Stocks 2,497 12,562
Debtors 5 535,969 632,816
Cash at bank 332,530 173,325
870,996 818,703
CREDITORS
Amounts falling due within one
year

6

(307,157

)

(379,480

)
NET CURRENT ASSETS 563,839 439,223
TOTAL ASSETS LESS CURRENT
LIABILITIES

569,751

444,113

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 569,749 444,111
SHAREHOLDERS' FUNDS 569,751 444,113

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 director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 August 2024 and were signed by:





L J Williamson - Director


Union Supplies (Aberdeen) Limited (Registered number: SC218107)

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

1. STATUTORY INFORMATION

Union Supplies (Aberdeen) Limited is a private company, limited by shares , registered in Scotland. 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 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts receivable for goods sold during the year, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Union Supplies (Aberdeen) Limited (Registered number: SC218107)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 63,157 24,482 898 46,106 134,643
Additions - - - 4,622 4,622
At 31 March 2024 63,157 24,482 898 50,728 139,265
DEPRECIATION
At 1 April 2023 59,305 23,452 890 46,106 129,753
Charge for year 1,859 214 2 1,525 3,600
At 31 March 2024 61,164 23,666 892 47,631 133,353
NET BOOK VALUE
At 31 March 2024 1,993 816 6 3,097 5,912
At 31 March 2023 3,852 1,030 8 - 4,890

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 425,292 596,746
Prepayments 110,677 36,070
535,969 632,816

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 169,846 245,115
Tax 66,768 -
PAYE 6,788 4,256
VAT 38,973 39,852
Director's loan account - 80,000
Accruals and deferred income 18,707 4,182
Accrued expenses 6,075 6,075
307,157 379,480

Union Supplies (Aberdeen) Limited (Registered number: SC218107)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 21,000 16,800

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £100,000 (2023 - £80,000) were paid to the director .

L J Williamson is a director in Union Supplies Dubai, to which the company sold goods to the value of £10,710(2023 - £123,408). At the balance sheet date the amount outstanding was £nil (2023 - £31,073).
L J Williamson is also a director of LED UK Ltd which the company was due at the year end £699 (2023 - £43,000)

9. ULTIMATE CONTROLLING PARTY

L J Williamson is the ultimate controlling party by virtue of his 100% shareholding in the company.

Union Supplies (Aberdeen) Limited

Report of the Accountants to the Director of
Union Supplies (Aberdeen) Limited

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

This report is made solely to the Board of Directors of the company, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of the company and state those matters that we have agreed to state to the Board of Directors of the company, as a body, in this report in accordance with the requirements of the Institute of Financial Accountants. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities and financial position of the company. You consider that the company 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 the company. 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.






Atholl Scott
Victoria House
13 Victoria Street
ABERDEEN
AB10 1XB


7 August 2024