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REGISTERED NUMBER: 07015127 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

UNIVERSAL COMMERCIAL RELOCATION LIMITED

UNIVERSAL COMMERCIAL RELOCATION LIMITED (REGISTERED NUMBER: 07015127)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UNIVERSAL COMMERCIAL RELOCATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: W Murray
Mrs M C Murray
Mrs S K Cole





REGISTERED OFFICE: 3 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW





BUSINESS ADDRESS: Unit 1c Lyon Trading Estate
Lyon Way
Greenford
Middlesex
UB6 0BN





REGISTERED NUMBER: 07015127 (England and Wales)





ACCOUNTANTS: GKP (Ampthill) Limited
Chartered Accountants
3 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW

UNIVERSAL COMMERCIAL RELOCATION LIMITED (REGISTERED NUMBER: 07015127)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,881 49,608

CURRENT ASSETS
Stocks 56,864 59,424
Debtors 5 633,780 686,738
Cash at bank and in hand 540,131 400,761
1,230,775 1,146,923
CREDITORS
Amounts falling due within one year 6 367,015 297,249
NET CURRENT ASSETS 863,760 849,674
TOTAL ASSETS LESS CURRENT
LIABILITIES

900,641

899,282

CREDITORS
Amounts falling due after more than one
year

7

(44,834

)

(60,193

)

PROVISIONS FOR LIABILITIES 10 - (1,482 )
NET ASSETS 855,807 837,607

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 855,707 837,507
SHAREHOLDERS' FUNDS 855,807 837,607

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 COMMERCIAL RELOCATION LIMITED (REGISTERED NUMBER: 07015127)

BALANCE SHEET - continued
31 JANUARY 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 Board of Directors and authorised for issue on 19 August 2024 and were signed on its behalf by:





Mrs S K Cole - Director


UNIVERSAL COMMERCIAL RELOCATION LIMITED (REGISTERED NUMBER: 07015127)

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


1. STATUTORY INFORMATION

Universal Commercial Relocation 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 net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and equipment - 20% on cost
Motor vehicles - 15% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

UNIVERSAL COMMERCIAL RELOCATION LIMITED (REGISTERED NUMBER: 07015127)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 28 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
equipment vehicles Totals
£    £    £   
COST
At 1 February 2023 75,585 66,310 141,895
Disposals (14,662 ) - (14,662 )
At 31 January 2024 60,923 66,310 127,233
DEPRECIATION
At 1 February 2023 70,212 22,075 92,287
Charge for year 2,598 9,946 12,544
Eliminated on disposal (14,479 ) - (14,479 )
At 31 January 2024 58,331 32,021 90,352
NET BOOK VALUE
At 31 January 2024 2,592 34,289 36,881
At 31 January 2023 5,373 44,235 49,608

UNIVERSAL COMMERCIAL RELOCATION LIMITED (REGISTERED NUMBER: 07015127)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2023 66,310
Transfer to ownership (22,740 )
At 31 January 2024 43,570
DEPRECIATION
At 1 February 2023 22,075
Charge for year 9,378
Transfer to ownership (18,382 )
At 31 January 2024 13,071
NET BOOK VALUE
At 31 January 2024 30,499
At 31 January 2023 44,235

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 157,709 192,127
Other debtors 420,974 445,083
Prepayments and accrued income 55,097 49,528
633,780 686,738

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,056 9,809
Hire purchase contracts (see note 8) 5,299 9,924
Trade creditors 59,297 44,149
Tax 40,794 37,584
Social security and other taxes 99,410 118,612
VAT 76,834 47,889
Other creditors 8,160 9,123
Accrued expenses 67,165 20,159
367,015 297,249

UNIVERSAL COMMERCIAL RELOCATION LIMITED (REGISTERED NUMBER: 07015127)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,311 10,064
Bank loans - 2-5 years 7,892 18,199
Hire purchase contracts (see note 8) 26,631 31,930
44,834 60,193

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 5,299 9,924
Between one and five years 26,631 31,930
31,930 41,854

Non-cancellable operating leases
2024 2023
£    £   
Within one year 19,005 50,510
Between one and five years - 19,005
19,005 69,515

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 31,930 41,854

An unlimited multilateral guarantee exists between Universal Commercial Relocation Limited, Universal Commercial Relocation (Holdings) Limited and Information Storage Solutions Limited.

A debenture in favour of HSBC Bank plc gives a fixed charge over all present freehold and leasehold property, a first fixed charge over book and other debts,chattels, goodwill and uncalled capital both present and future and a first floating charge over all assets and undertakings both present and future.

Hire purchase balances are secured on the assets acquired.

UNIVERSAL COMMERCIAL RELOCATION LIMITED (REGISTERED NUMBER: 07015127)

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


10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax - 1,482

Deferred
tax
£   
Balance at 1 February 2023 1,482
Utilised during year (1,482 )
Balance at 31 January 2024 -

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12. ULTIMATE CONTROLLING PARTY

The directors, Mr W and Mrs M Murray control the company by virtue of their shareholdings in the holding company, Universal Commercial Relocation (Holdings) Limited.