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REGISTERED NUMBER: 10929946 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

UNIT 58 LTD

UNIT 58 LTD (REGISTERED NUMBER: 10929946)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


UNIT 58 LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: Mr J O'Farrell





SECRETARY: Ms A K Morriss





REGISTERED OFFICE: 5 Albert Street
London
NW1 7LU





REGISTERED NUMBER: 10929946 (England and Wales)





ACCOUNTANTS: David Simon Limited
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

UNIT 58 LTD (REGISTERED NUMBER: 10929946)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 96,275 109,567

CURRENT ASSETS
Debtors 5 37,474 30,443
Cash at bank and in hand 78,376 43,459
115,850 73,902
CREDITORS
Amounts falling due within one year 6 115,608 71,438
NET CURRENT ASSETS 242 2,464
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,517

112,031

CREDITORS
Amounts falling due after more than one
year

7

66,509

74,380
NET ASSETS 30,008 37,651

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 29,908 37,551
SHAREHOLDERS' FUNDS 30,008 37,651

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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:





Mr J O'Farrell - Director


UNIT 58 LTD (REGISTERED NUMBER: 10929946)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Unit 58 Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 25% on cost, 25% on reducing balance and Straight line over life of lease

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 statement of financial position date.

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.

Grants receivable
Business grants are credited to profit and loss account on an accruals basis where it is probable that they will be received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022
and 31 August 2023 170,154
DEPRECIATION
At 1 September 2022 60,587
Charge for year 13,292
At 31 August 2023 73,879
NET BOOK VALUE
At 31 August 2023 96,275
At 31 August 2022 109,567

UNIT 58 LTD (REGISTERED NUMBER: 10929946)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 11,585 1,433
Other debtors 25,889 29,010
37,474 30,443

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,653 994
Taxation and social security 36,301 25,813
Other creditors 76,654 44,631
115,608 71,438

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 66,509 74,380

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 54,000 45,000
Between one and five years 216,000 180,000
In more than five years 216,000 258,000
486,000 483,000

The director has given a personal guarantee relating to the lease agreement.

9. RELATED PARTY DISCLOSURES

Included in other debtors is an amount of £23,312 (2022: £13,960) due from a company in which the directors have a controlling interest.