IRIS Accounts Production v24.2.0.383 03926059 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh039260592022-12-31039260592023-12-31039260592023-01-012023-12-31039260592021-12-31039260592022-01-012022-12-31039260592022-12-3103926059ns15:EnglandWales2023-01-012023-12-3103926059ns14:PoundSterling2023-01-012023-12-3103926059ns10:Director12023-01-012023-12-3103926059ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3103926059ns10:SmallEntities2023-01-012023-12-3103926059ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3103926059ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3103926059ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3103926059ns10:FullAccounts2023-01-012023-12-310392605912023-01-012023-12-3103926059ns10:Director32023-01-012023-12-3103926059ns10:Director42023-01-012023-12-3103926059ns10:RegisteredOffice2023-01-012023-12-3103926059ns10:Director22023-01-012023-12-3103926059ns5:CurrentFinancialInstruments2023-12-3103926059ns5:CurrentFinancialInstruments2022-12-3103926059ns5:Non-currentFinancialInstruments2023-12-3103926059ns5:Non-currentFinancialInstruments2022-12-3103926059ns5:ShareCapital2023-12-3103926059ns5:ShareCapital2022-12-3103926059ns5:RetainedEarningsAccumulatedLosses2023-12-3103926059ns5:RetainedEarningsAccumulatedLosses2022-12-3103926059ns5:NetGoodwill2023-01-012023-12-3103926059ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3103926059ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-01-012023-12-3103926059ns5:LandBuildings2023-01-012023-12-3103926059ns5:PlantMachinery2023-01-012023-12-3103926059ns5:NetGoodwill2022-12-3103926059ns5:IntangibleAssetsOtherThanGoodwill2022-12-3103926059ns5:NetGoodwill2023-12-3103926059ns5:IntangibleAssetsOtherThanGoodwill2023-12-3103926059ns5:NetGoodwill2022-12-3103926059ns5:IntangibleAssetsOtherThanGoodwill2022-12-3103926059ns5:LandBuildings2022-12-3103926059ns5:PlantMachinery2022-12-3103926059ns5:LandBuildings2023-12-3103926059ns5:PlantMachinery2023-12-3103926059ns5:LandBuildings2022-12-3103926059ns5:PlantMachinery2022-12-3103926059ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-3103926059ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3103926059ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-3103926059ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-3103926059ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3103926059ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-3103926059ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-12-3103926059ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2022-12-3103926059ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-3103926059ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-12-31
REGISTERED NUMBER: 03926059 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

UKOS LTD

UKOS LTD (REGISTERED NUMBER: 03926059)






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




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5


UKOS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: I M Haywood
D Johnson
E Halldearn





REGISTERED OFFICE: Unit 6 Grovelands
Boundary Way
Hemel Hempstead
Hertfordshire
HP2 7TE





REGISTERED NUMBER: 03926059 (England and Wales)





ACCOUNTANTS: Strathmore Accountants Limited
3rd Floor, Ivy Mill,
Crown Street,
Failsworth
Manchester
M35 9BG

UKOS LTD (REGISTERED NUMBER: 03926059)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2023

The directors present their report with the financial statements of the company for the year ended 31 December 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the provision of office solutions.

REVIEW OF BUSINESS
During the year the company generated EBITDA of £107,582. The equivalent figures for earlier years were 2022: £134,886, 2021: £92,319 and 2020: £92,847. EBITDA for the year ended 31 December 2024 is forecast at £140,000.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2023 to the date of this report.

I M Haywood
D Johnson

Other changes in directors holding office are as follows:

E Halldearn was appointed as a director after 31 December 2023 but prior to the date of this report.

P J Gowing ceased to be a director after 31 December 2023 but prior to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





I M Haywood - Director


17 September 2024

UKOS LTD (REGISTERED NUMBER: 03926059)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £
FIXED ASSETS
Intangible assets 4 158,271 164,900
Tangible assets 5 296,910 192,067
455,181 356,967

CURRENT ASSETS
Stocks 475,210 414,542
Debtors 6 1,042,457 1,511,280
Cash at bank and in hand 243,827 97,587
1,761,494 2,023,409
CREDITORS
Amounts falling due within one year 7 (1,545,864 ) (1,706,021 )
NET CURRENT ASSETS 215,630 317,388
TOTAL ASSETS LESS CURRENT
LIABILITIES

670,811

674,355

CREDITORS
Amounts falling due after more than one
year

8

(172,415

)

(188,566

)
NET ASSETS 498,396 485,789

CAPITAL AND RESERVES
Called up share capital 724,500 724,500
Retained earnings (226,104 ) (238,711 )
SHAREHOLDERS' FUNDS 498,396 485,789

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 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.

UKOS LTD (REGISTERED NUMBER: 03926059)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:





I M Haywood - Director


UKOS LTD (REGISTERED NUMBER: 03926059)

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

1. STATUTORY INFORMATION

UKOS 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.

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.

Goodwill
Goodwill being the amounts paid in connection with the acquisition of a business in 2005.and further acquisitions in 2022 and 2023 is being amortised on a straight line basis over its useful economic life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of three years.

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.
Land and buildings - Straight line over various periods
Plant and machinery etc - Straight line over various periods

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

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.

UKOS LTD (REGISTERED NUMBER: 03926059)

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

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 31 (2022 - 29 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£ £ £
COST
At 1 January 2023 709,900 - 709,900
Additions 2,000 13,030 15,030
At 31 December 2023 711,900 13,030 724,930
AMORTISATION
At 1 January 2023 545,000 - 545,000
Charge for year 20,573 1,086 21,659
At 31 December 2023 565,573 1,086 566,659
NET BOOK VALUE
At 31 December 2023 146,327 11,944 158,271
At 31 December 2022 164,900 - 164,900

UKOS LTD (REGISTERED NUMBER: 03926059)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 January 2023 36,394 309,152 345,546
Additions 4,887 134,645 139,532
At 31 December 2023 41,281 443,797 485,078
DEPRECIATION
At 1 January 2023 18,952 134,527 153,479
Charge for year 5,185 29,504 34,689
At 31 December 2023 24,137 164,031 188,168
NET BOOK VALUE
At 31 December 2023 17,144 279,766 296,910
At 31 December 2022 17,442 174,625 192,067

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£
COST
At 1 January 2023 70,029
Additions 72,979
Transfer to ownership (33,540 )
At 31 December 2023 109,468
DEPRECIATION
At 1 January 2023 26,979
Charge for year 10,947
Transfer to ownership (25,155 )
At 31 December 2023 12,771
NET BOOK VALUE
At 31 December 2023 96,697
At 31 December 2022 43,050

UKOS LTD (REGISTERED NUMBER: 03926059)

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

6. DEBTORS
2023 2022
£ £
Amounts falling due within one year:
Trade debtors 867,567 1,334,147
Other debtors 109,011 109,690
Prepayments and accrued income 28,317 28,781
1,004,895 1,472,618

Amounts falling due after more than one year:
Other debtors 37,562 38,662

Aggregate amounts 1,042,457 1,511,280

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 511,945 407,455
Hire purchase contracts 18,333 10,747
Trade creditors 707,626 959,593
Tax (8,279 ) 8,279
Social security and other taxes 17,332 18,908
VAT 103,648 111,503
Other creditors 54,463 40,048
Accrued expenses 140,796 149,488
1,545,864 1,706,021

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans - 1-2 years 50,000 50,000
Bank loans - 2-5 years 59,167 109,167
Hire purchase contracts 63,248 29,399
172,415 188,566