Unibrand UK Limited 05132790 false 2022-09-01 2023-08-31 2023-08-31 The principal activity of the company is that of embroidery and marketing services. Digita Accounts Production Advanced 6.30.9574.0 true true 05132790 2022-09-01 2023-08-31 05132790 2023-08-31 05132790 core:RetainedEarningsAccumulatedLosses 2023-08-31 05132790 core:RevaluationReserve 2023-08-31 05132790 core:ShareCapital 2023-08-31 05132790 core:CurrentFinancialInstruments 2023-08-31 05132790 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 05132790 core:LandBuildings 2023-08-31 05132790 bus:SmallEntities 2022-09-01 2023-08-31 05132790 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 05132790 bus:FilletedAccounts 2022-09-01 2023-08-31 05132790 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 05132790 bus:RegisteredOffice 2022-09-01 2023-08-31 05132790 bus:Director2 2022-09-01 2023-08-31 05132790 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 05132790 core:LandBuildings 2022-09-01 2023-08-31 05132790 core:OtherPropertyPlantEquipment 2022-09-01 2023-08-31 05132790 countries:EnglandWales 2022-09-01 2023-08-31 05132790 2022-08-31 05132790 core:LandBuildings 2022-08-31 05132790 2021-09-01 2022-08-31 05132790 2022-08-31 05132790 core:RetainedEarningsAccumulatedLosses 2022-08-31 05132790 core:RevaluationReserve 2022-08-31 05132790 core:ShareCapital 2022-08-31 05132790 core:CurrentFinancialInstruments 2022-08-31 05132790 core:CurrentFinancialInstruments core:WithinOneYear 2022-08-31 05132790 core:LandBuildings 2022-08-31 iso4217:GBP xbrli:pure

Registration number: 05132790

Unibrand UK Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2023

 

Unibrand UK Limited

(Registration number: 05132790)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

-

501,753

Current assets

 

Debtors

5

4,592

-

Cash at bank and in hand

 

429,263

-

 

433,855

-

Creditors: Amounts falling due within one year

6

-

(8,408)

Net current assets/(liabilities)

 

433,855

(8,408)

Total assets less current liabilities

 

433,855

493,345

Provisions for liabilities

-

(62,477)

Net assets

 

433,855

430,868

Capital and reserves

 

Called up share capital

100

100

Revaluation reserve

-

238,950

Retained earnings

433,755

191,818

Shareholders' funds

 

433,855

430,868

For the financial year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Unibrand UK Limited

(Registration number: 05132790)
Balance Sheet as at 31 August 2023

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 August 2024 and signed on its behalf by:
 

.........................................
Mr PT Prisgrove
Director

 

Unibrand UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Vision House
Bedford Road
Petersfield
Hampshire
GU32 3QB
United Kingdom

These financial statements were authorised for issue by the Board on 28 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements

The company may be required to make estimates and assumptions concerning the future. These estimates and judgements are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The resulting accounting estimates will, by definition, seldom equal the related actual results. The principal areas where judgement was exercised are as follows:

i) Tangible fixed assets: the directors annually assess both the residual value of these assets and the expected useful life of such assets based on experience.

ii) Recoverability of trade debtors: the directors annually assess whether a bad debt provision is required for any bad or doubtful debtor balances.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Unibrand UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

3.33% on cost

Other property, plant and equipment

20% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Unibrand UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 September 2022

649,336

649,336

Disposals

(649,336)

(649,336)

At 31 August 2023

-

-

Depreciation

At 1 September 2022

147,583

147,583

Eliminated on disposal

(147,583)

(147,583)

At 31 August 2023

-

-

Carrying amount

At 31 August 2023

-

-

At 31 August 2022

501,753

501,753

Included within the net book value of land and buildings above is £Nil (2022 - £295,000) in respect of long leasehold land and buildings and £Nil (2022 - £206,753) in respect of short leasehold land and buildings.
 

5

Debtors

2023
£

2022
£

Other debtors

4,592

-

4,592

-

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

-

8,408

7

Loans and borrowings

Current loans and borrowings

2023
£

2022
£

Other borrowings

-

8,408