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REGISTERED NUMBER: 07824528 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

United Global Services Ltd

United Global Services Ltd (Registered number: 07824528)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


United Global Services Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: M J Martins





REGISTERED OFFICE: Lime Tree Work Shop
11 Lime Tree Work Walk
Sevenoaks
Kent
TN13 1YH





REGISTERED NUMBER: 07824528 (England and Wales)





ACCOUNTANTS: Accounts by Simply Ltd
Unit 15
Runwell Hall Farmhouse
Hoe Lane
Rettendon
Essex
CM3 8DQ

United Global Services Ltd (Registered number: 07824528)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 209,686 135,822
Investments 5 13,267 13,267
222,953 149,089

CURRENT ASSETS
Debtors 6 1,266,904 1,267,218
Cash at bank 4,976 4,035
1,271,880 1,271,253
CREDITORS
Amounts falling due within one year 7 609,383 548,995
NET CURRENT ASSETS 662,497 722,258
TOTAL ASSETS LESS CURRENT
LIABILITIES

885,450

871,347

CREDITORS
Amounts falling due after more than
one year

8

(154,589

)

(138,282

)

PROVISIONS FOR LIABILITIES 9 (78,565 ) (33,956 )
NET ASSETS 652,296 699,109

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 652,196 699,009
SHAREHOLDERS' FUNDS 652,296 699,109

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

United Global Services Ltd (Registered number: 07824528)

Balance Sheet - continued
31 December 2023


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 Profit and Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 September 2024 and were signed by:





M J Martins - Director


United Global Services Ltd (Registered number: 07824528)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

United Global Services 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 company is a wholly owned subsidiary of United Global Group Limited. United Global Group Limited is a company incorporated in England & Wales with the following registered office and principal place of business:

Sevenoaks Business Centre, 15 Lime Tree House, Sevenoaks, Kent, TN13 1YH.

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 sales to customers, net of discounts, allowances, volume and promotional rebates and other payments to customers and excludes VAT. Sale of goods are recognised when the company has delivered product to the customer, the customer has accepted the products and collectability of the related receivable is reasonably assured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.


United Global Services Ltd (Registered number: 07824528)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 2,987 192,445 39,412 234,844
Additions - 187,202 1,981 189,183
Disposals - (75,951 ) - (75,951 )
At 31 December 2023 2,987 303,696 41,393 348,076
DEPRECIATION
At 1 January 2023 2,608 67,737 28,677 99,022
Charge for year 95 63,400 7,882 71,377
Eliminated on disposal - (32,009 ) - (32,009 )
At 31 December 2023 2,703 99,128 36,559 138,390
NET BOOK VALUE
At 31 December 2023 284 204,568 4,834 209,686
At 31 December 2022 379 124,708 10,735 135,822

United Global Services Ltd (Registered number: 07824528)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

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 January 2023 149,442
Additions 187,202
Disposals (75,951 )
At 31 December 2023 260,693
DEPRECIATION
At 1 January 2023 33,087
Charge for year 61,312
Eliminated on disposal (32,009 )
At 31 December 2023 62,390
NET BOOK VALUE
At 31 December 2023 198,303
At 31 December 2022 116,355

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.12.23 31.12.22
£    £   
Short Term Investments 13,267 13,267

6. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors 229,238 164,109
Amounts owed by group undertakings 102,643 100,893
Amounts owed by associates 292,199 308,789
Other debtors 19,962 775
644,042 574,566

Amounts falling due after more than one year:
Amounts owed by group undertakings 622,862 692,652

Aggregate amounts 1,266,904 1,267,218

United Global Services Ltd (Registered number: 07824528)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 23,067 21,395
Hire purchase contracts 31,343 22,106
Trade creditors 1,902 -
Amounts owed to group undertakings 472,151 381,808
Taxation and social security 40,869 12,637
Other creditors 40,051 111,049
609,383 548,995

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 18,541 42,718
Hire purchase contracts 136,048 95,564
154,589 138,282

9. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 78,565 33,956

Deferred
tax
£   
Balance at 1 January 2023 33,956
Provided during year 44,609
Balance at 31 December 2023 78,565

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

United Global Services Ltd (Registered number: 07824528)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
M J Martins
Balance outstanding at start of year (94,650 ) (51,738 )
Amounts advanced 264,745 7,376
Amounts repaid (166,358 ) (50,288 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,737 (94,650 )