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Company Registration No. 11112000 (England and Wales)
UT Global Limited Unaudited accounts for the year ended 31 December 2023
UT Global Limited Unaudited accounts Contents
Page
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UT Global Limited Company Information for the year ended 31 December 2023
Directors
Dr Ahmed Khezam Assad Masud
Company Number
11112000 (England and Wales)
Registered Office
233-237 ROUNDHAY ROAD LEEDS LS8 4HS ENGLAND
Accountants
HLA Accountants 21 Hyde Park Road Leeds West Yorkshire LS6 1PY
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UT Global Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
48,743 
60,929 
Tangible assets
3,227 
4,034 
51,970 
64,963 
Current assets
Debtors
100 
100 
Cash at bank and in hand
18,854 
20,415 
18,954 
20,515 
Creditors: amounts falling due within one year
(46,816)
(19,418)
Net current (liabilities)/assets
(27,862)
1,097 
Total assets less current liabilities
24,108 
66,060 
Creditors: amounts falling due after more than one year
(78,361)
(124,401)
Net liabilities
(54,253)
(58,341)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(54,353)
(58,441)
Shareholders' funds
(54,253)
(58,341)
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by
Dr Ahmed Khezam Director Company Registration No. 11112000
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UT Global Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
UT Global Limited is a private company, limited by shares, registered in England and Wales, registration number 11112000. The registered office is 233-237 ROUNDHAY ROAD, LEEDS, LS8 4HS, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% diminishing balance method
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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UT Global Limited Notes to the Accounts for the year ended 31 December 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2023
109,971 
At 31 December 2023
109,971 
Amortisation
At 1 January 2023
49,042 
Charge for the year
12,186 
At 31 December 2023
61,228 
Net book value
At 31 December 2023
48,743 
At 31 December 2022
60,929 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
6,977 
At 31 December 2023
6,977 
Depreciation
At 1 January 2023
2,943 
Charge for the year
807 
At 31 December 2023
3,750 
Net book value
At 31 December 2023
3,227 
At 31 December 2022
4,034 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
100 
100 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
(1,297)
1,612 
Taxes and social security
2,785 
1,875 
Other creditors
- 
15,931 
Loans from directors
45,328 
- 
46,816 
19,418 
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UT Global Limited Notes to the Accounts for the year ended 31 December 2023
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
42,154 
46,041 
Other creditors
36,207 
78,360 
78,361 
124,401 
9
Average number of employees
During the year the average number of employees was 6 (2022: 6).
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