2023-01-01 08340105 2023-12-31 08340105 2023-01-01 2023-12-31 08340105 2022-12-31 08340105 2022-01-01 2022-12-31 08340105 uk-core:WithinOneYear 2022-12-31 08340105 uk-core:WithinOneYear 2023-12-31 08340105 uk-core:ShareCapital 2023-12-31 08340105 uk-core:ShareCapital 2022-12-31 08340105 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 08340105 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 08340105 uk-bus:Director1 2023-01-01 2023-12-31 08340105 uk-core:LeaseholdImprovements 2023-01-01 2023-12-31 08340105 uk-core:ComputerEquipment 2023-01-01 2023-12-31 08340105 uk-core:ToolsEquipment 2023-01-01 2023-12-31 08340105 uk-core:MotorCars 2023-01-01 2023-12-31 08340105 uk-core:ToolsEquipment 2022-12-31 08340105 uk-core:MotorCars 2022-12-31 08340105 uk-core:ComputerEquipment 2022-12-31 08340105 uk-core:LeaseholdImprovements 2022-12-31 08340105 uk-core:ComputerEquipment 2023-12-31 08340105 uk-core:MotorCars 2023-12-31 08340105 uk-core:ToolsEquipment 2023-12-31 08340105 uk-core:LeaseholdImprovements 2023-12-31 08340105 uk-core:WithinOneYear 2023-12-31 08340105 uk-core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure 08340105 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 08340105 uk-bus:FRS102 2023-01-01 2023-12-31 08340105 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 08340105 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
UF International Limited
Registered Number:08340105
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2023
UF International Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
08340105
As at 31 December 2023
UF International Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
416
416
Property, plant and equipment
56,975
53,880
2
57,391
54,296
Current assets
Inventories
126,260
121,213
3
Trade and other receivables
654,602
432,720
4
318,211
Cash and cash equivalents
369,603
923,536
1,099,073
Trade and other payables: amounts falling due within one
year
(749,170)
(570,845)
5
349,903
352,691
Net current assets
Total assets less current liabilities
410,082
404,199
410,082
Net assets
404,199
Capital and reserves
Called up share capital
100
100
Retained earnings
409,982
404,099
410,082
404,199
Shareholders' funds
For the year ended 31 December 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Wang Yang Director
These financial statements were approved and authorised for issue by the Board on 23 August 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2023
UF International Limited
Notes to the Financial Statements
Statutory Information
UF International Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 08340105.
Registered address:
Unit 8 J4 Yorktown Industrial Estate
Doman Road
Camberley
GU15 3LB
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
20% Straight line
Plant and machinery
20% Straight line
25% Straight line
Computer equipment
15% Reducing balance
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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5
For the year ended 31 December 2023
UF International Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Motor vehicles
Plant and
machinery
Land and
buildings
£
£
£
£
£
Cost or
valuation
At 01 January 2023
85,128
3,572
60,984
3,847
16,725
14,859
2,490
-
6,363
6,006
Additions
-
-
(3,847)
(16,725)
Disposals
(20,572)
At 31 December 2023
6,363
60,984
6,062
79,415
6,006
Provision for depreciation and impairment
At 01 January 2023
31,248
1,528
9,148
3,847
16,725
Charge for year
11,764
1,515
7,775
1,273
1,201
(20,572)
-
-
(3,847)
(16,725)
On disposal
At 31 December 2023
22,440
3,043
16,923
1,273
1,201
At 31 December 2023
Net book value
4,805
5,090
44,061
3,019
56,975
At 31 December 2022
-
-
51,836
2,044
53,880
3. Inventories
2022
2023
£
£
Stocks
121,213
126,260
4. Trade and other receivables
2022
2023
£
£
Trade debtors
138,543
445,956
Other debtors
294,177
208,646
654,602
432,720
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6
For the year ended 31 December 2023
UF International Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
-
1,366
Trade creditors
359,900
193,794
Taxation and social security
21,215
2,732
Other creditors
189,730
551,278
570,845
749,170
6. Guarantees and other financial commitments
7. Average number of persons employed
During the year the average number of employees was 7 (2022 : 5)
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