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REGISTERED NUMBER: 03966794 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Universal Freight Organisation Limited

Universal Freight Organisation Limited (Registered number: 03966794)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Universal Freight Organisation Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Ms R Crawford





SECRETARY: Ms J Mellett





REGISTERED OFFICE: 116 London Road
Cowplain
Waterlooville
Hampshire
PO8 8HB





REGISTERED NUMBER: 03966794 (England and Wales)





ACCOUNTANTS: AM-PM Accounting Solutions Limited
Building 6000
Langstone Technology Park
Langstone Road
Havant
Hampshire
PO9 1SA

Universal Freight Organisation Limited (Registered number: 03966794)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,908 5,046

CURRENT ASSETS
Debtors 5 27,326 5,449
Cash at bank 93,933 81,630
121,259 87,079
CREDITORS
Amounts falling due within one year 6 69,086 58,888
NET CURRENT ASSETS 52,173 28,191
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,081

33,237

PROVISIONS FOR LIABILITIES 742 943
NET ASSETS 55,339 32,294

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 55,239 32,194
SHAREHOLDERS' FUNDS 55,339 32,294

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Freight Organisation Limited (Registered number: 03966794)

Balance Sheet - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 July 2024 and were signed by:





Ms R Crawford - Director


Universal Freight Organisation Limited (Registered number: 03966794)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Universal Freight Organisation 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 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 the value of annual subscription fees received from members and delegate fees for attendance at various events and meetings held during the period under review.

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
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Universal Freight Organisation Limited (Registered number: 03966794)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 6,045 17,018 23,063
DEPRECIATION
At 1 May 2023 3,591 14,426 18,017
Charge for year 491 647 1,138
At 30 April 2024 4,082 15,073 19,155
NET BOOK VALUE
At 30 April 2024 1,963 1,945 3,908
At 30 April 2023 2,454 2,592 5,046

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 10,265 3,836
Other debtors 17,061 1,613
27,326 5,449

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 2 1
Taxation and social security 16,641 6,192
Other creditors 52,443 52,695
69,086 58,888

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
Ms R Crawford
Balance outstanding at start of year (1,345 ) (2,310 )
Amounts advanced 33,000 1,494
Amounts repaid (32,000 ) (529 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (345 ) (1,345 )

Universal Freight Organisation Limited (Registered number: 03966794)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. RELATED PARTY DISCLOSURES

The company has the following balances with companies who are under the same common control:-

2023 2024
Global Cargo Connections Limited £(1,000 ) £(1,000 )
Project Cargo Network Limited £(47,475 ) £(47,475 )
Game Developers Network Limited £1,000 £17,000

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms R Crawford.

10. FOREIGN CURRENCIES

Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.