2023-01-012023-12-312023-12-31false1234286129 UNIVERSAL TRADING 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29 UNIVERSAL TRADING LIMITED

Registered Number
12342861
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

29 UNIVERSAL TRADING LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

LI, Dongqi
ZHAO, Hongliang

Registered Address

46 Barrons Chase
Richmond
TW10 5BZ

Registered Number

12342861 (England and Wales)
29 UNIVERSAL TRADING LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets31,1222,092
1,1222,092
Current assets
Debtors22,12050,125
Cash at bank and on hand88,63523,945
110,75574,070
Creditors amounts falling due within one year(26,265)(277)
Net current assets (liabilities)84,49073,793
Total assets less current liabilities85,61275,885
Creditors amounts falling due after one year(80,000)(80,000)
Net assets5,612(4,115)
Capital and reserves
Called up share capital11
Profit and loss account5,611(4,116)
Shareholders' funds5,612(4,115)
The financial statements were approved and authorised for issue by the Board of Directors on 24 September 2024, and are signed on its behalf by:
ZHAO, Hongliang
Director
Registered Company No. 12342861
29 UNIVERSAL TRADING LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
These financial statements have been prepared in accordance with the provisions of section 1A ‘’Small Entities’’ of FRS 102 ‘’ The Financial Reporting Standard applicable in the UK and Republic of Ireland’’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. The company’s financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future on the grounds that the Director will continue to financially support the company until such time has the business achieves financial viability. The company financial statements do not reflect any adjustments that would be required if they were to be prepared on a basis other than the going concern basis.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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 fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment4
2.Average number of employees

20232022
Average number of employees during the year10
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 January 233,881
At 31 December 233,881
Depreciation and impairment
At 01 January 231,789
Charge for year970
At 31 December 232,759
Net book value
At 31 December 231,122
At 31 December 222,092
4.Related party transactions
Transaction with director mainly arose business expenses paid on behalf of the company. As at 31 December 2023, the amount of £80,000 was still owed to the associated company namely Sino Empire China Ltd by the company. The amount is interest free, unsecured and has no fixed repayment terms.