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REGISTERED NUMBER: 04625059 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Unisan Limited

Unisan Limited (Registered number: 04625059)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Unisan Limited (Registered number: 04625059)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 32,428 54,552
Tangible assets 5 117,932 121,674
150,360 176,226

CURRENT ASSETS
Stocks 659,390 598,055
Debtors 6 752,455 466,160
Cash at bank 1,150,975 959,033
2,562,820 2,023,248
CREDITORS
Amounts falling due within one year 7 (1,197,513 ) (1,061,524 )
NET CURRENT ASSETS 1,365,307 961,724
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,515,667

1,137,950

CREDITORS
Amounts falling due after more than one
year

8

(23,886

)

-

PROVISIONS FOR LIABILITIES (32,640 ) (13,298 )
NET ASSETS 1,459,141 1,124,652

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 1,439,141 1,104,652
SHAREHOLDERS' FUNDS 1,459,141 1,124,652

Unisan Limited (Registered number: 04625059)

Balance Sheet - continued
31 December 2023


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.

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 24 September 2024 and were signed on its behalf by:





C Dormer - Director


Unisan Limited (Registered number: 04625059)

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

1. STATUTORY INFORMATION

Unisan Limited is a private company, limited by shares, domiciled in Wales, registration number 04625059. The registered office is Unit 17b Millers Avenue, Brynmenyn Industrial Estate, Bridgend, CF32 9TD.

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 net sales, in respect of selling environmental and hygiene products, excluding value added tax. Sales are recognised at the point at which the service is complete.

Goodwill
Amortisation is calculated so as to write off the cost of an asset, net of anticipated disposal proceeds, over the estimated useful economic life of 10 years.

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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Product development are being amortised evenly over their estimated useful life of three years.

Website is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets and depreciation
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 - 15% on cost and 15% on reducing balance
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 15% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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.


Unisan Limited (Registered number: 04625059)

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.

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.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 18 ) .

Unisan Limited (Registered number: 04625059)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 January 2023 66,000 71,497 137,497
Additions - 6,375 6,375
At 31 December 2023 66,000 77,872 143,872
AMORTISATION
At 1 January 2023 39,600 43,345 82,945
Charge for year 6,600 21,899 28,499
At 31 December 2023 46,200 65,244 111,444
NET BOOK VALUE
At 31 December 2023 19,800 12,628 32,428
At 31 December 2022 26,400 28,152 54,552

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 64,055 210,650 274,705
Additions - 48,081 48,081
Disposals (2,045 ) (85,877 ) (87,922 )
At 31 December 2023 62,010 172,854 234,864
DEPRECIATION
At 1 January 2023 9,930 143,101 153,031
Charge for year 15,359 35,531 50,890
Eliminated on disposal (2,045 ) (84,944 ) (86,989 )
At 31 December 2023 23,244 93,688 116,932
NET BOOK VALUE
At 31 December 2023 38,766 79,166 117,932
At 31 December 2022 54,125 67,549 121,674

Unisan Limited (Registered number: 04625059)

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

5. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
Additions 35,000
At 31 December 2023 35,000
DEPRECIATION
Charge for year 5,407
At 31 December 2023 5,407
NET BOOK VALUE
At 31 December 2023 29,593

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 489,992 201,317
Other debtors 262,463 264,843
752,455 466,160

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 4,184 -
Trade creditors 208,316 338,722
Taxation and social security 540,889 185,842
Other creditors 444,124 536,960
1,197,513 1,061,524

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 23,886 -

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts 28,070 -

Balances owed on hire purchase agreements are secured against assets to which they relate.