Company Registration No. 11079324 (England and Wales)
UFA Ltd
Unaudited accounts
for the year ended 30 November 2023
UFA Ltd
Unaudited accounts
Contents
UFA Ltd
Company Information
for the year ended 30 November 2023
Company Number
11079324 (England and Wales)
Registered Office
1 Manor Drive
Utley
Keighley
BD20 6FS
England
Accountants
Pinnacle Chartered Accountants & Tax Advisors
The Elsie Whiteley Innovation Centre
Hopwood Lane
Halifax
HX1 5ER
UFA Ltd
Statement of financial position
as at 30 November 2023
Cash at bank and in hand
257,450
100
Creditors: amounts falling due within one year
(141,424)
(433)
Net current assets
401,983
283,343
Total assets less current liabilities
711,513
283,343
Provisions for liabilities
Net assets
711,363
283,343
Called up share capital
10
10
Profit and loss account
711,353
283,333
Shareholders' funds
711,363
283,343
For the year ending 30 November 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 22 August 2024 and were signed on its behalf by
Mr Imran Kamal
Director
Company Registration No. 11079324
UFA Ltd
Notes to the Accounts
for the year ended 30 November 2023
UFA Ltd is a private company, limited by shares, registered in England and Wales, registration number 11079324. The registered office is 1 Manor Drive, Utley, Keighley, BD20 6FS, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Computer equipment
25% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
UFA Ltd
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Total
At 30 November 2023
309,730
At 30 November 2023
309,530
5
Deferred taxation
2023
2022
Accelerated capital allowances
150
-
Charged to the profit and loss account
150
-
Provision at end of year
150
-
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).