2023-10-01 SC101434 2024-09-30 SC101434 2023-10-01 2024-09-30 SC101434 uk-bus:RegisteredOffice 2023-10-01 2024-09-30 SC101434 uk-bus:Director1 2023-10-01 2024-09-30 SC101434 uk-bus:Director1 2024-09-30 SC101434 uk-bus:Director2 2023-10-01 2024-09-30 SC101434 uk-bus:Director2 2024-09-30 SC101434 uk-bus:Director3 2023-10-01 2024-09-30 SC101434 uk-bus:Director3 2024-09-30 SC101434 uk-bus:CompanySecretary1 2023-10-01 2024-09-30 SC101434 2023-09-30 SC101434 2022-10-01 2023-09-30 SC101434 uk-core:WithinOneYear 2023-09-30 SC101434 uk-core:WithinOneYear 2024-09-30 SC101434 uk-core:ShareCapital 2024-09-30 SC101434 uk-core:ShareCapital 2023-09-30 SC101434 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 SC101434 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 SC101434 uk-core:Land 2023-10-01 2024-09-30 SC101434 uk-core:PlantMachinery 2023-10-01 2024-09-30 SC101434 uk-core:MotorVehicles 2023-10-01 2024-09-30 SC101434 uk-core:MotorVehicles 2023-09-30 SC101434 uk-core:PlantMachinery 2023-09-30 SC101434 uk-core:Land 2023-09-30 SC101434 uk-core:Land 2024-09-30 SC101434 uk-core:PlantMachinery 2024-09-30 SC101434 uk-core:MotorVehicles 2024-09-30 SC101434 uk-core:CostValuation 2023-09-30 SC101434 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2023-09-30 SC101434 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2024-09-30 SC101434 uk-core:CostValuation 2024-09-30 SC101434 uk-core:Non-currentFinancialInstruments 2024-09-30 SC101434 uk-core:Non-currentFinancialInstruments 2023-09-30 iso4217:GBP xbrli:pure SC101434 uk-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 SC101434 uk-bus:FRS102 2023-10-01 2024-09-30 SC101434 uk-bus:FullAccounts 2023-10-01 2024-09-30 SC101434 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30
United Supplies Limited
Registered Number:SC101434
For the year ended 30 September 2024
Scotland
Report of the Directors and Unaudited Financial Statements
2
For the year ended 30 September 2024
United Supplies Limited
Contents Page
Company Information
1
2
Directors' Report
3
Income Statement
4
Statement of Financial Position
5 to 8
Notes to the Financial Statements
3
For the year ended 30 September 2024
United Supplies Limited
Company Information
Ian W. Strachan
Directors
Jonathan I. Strachan
Natalie Strachan
Ian W.Strachan
Company Secretary
SC101434
Registered Number
United House
Registered Office
6 Regent Road
Aberdeen
AB11 5NS
Bank of Scotland
Bankers
Queens Cross Branch
39 Albyn Place
Aberdeen
Burness Paull
Solicitors
2 Marischal Square
Broad Street
Aberdeen
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4
For the year ended 30 September 2024
United Supplies Limited
Directors' Report
The directors present their report and accounts for the year ended 30 September 2024.
Principal activities
The Company's principal activities are the provision of offshore and onshore supplies, bonded warehousing and archive storage.
Directors
The directors who served the company throughout the year were as follows:
Ian W. Strachan
Jonathan I. Strachan
Natalie Strachan
Ian W.Strachan Secretary
Signed on behalf of the board of directors
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Date:
07 October 2024
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5
For the year ended 30 September 2024
United Supplies Limited
Income Statement
2023
£
2024
£
Notes
Turnover
2,820,276
2,923,913
(2,140,422)
Cost of sales
(2,038,603)
783,491
Gross profit
781,673
Administrative expenses
(593,363)
(531,234)
Operating profit
188,310
252,257
Other interest receivable and similar income
25,700
12,153
214,010
264,410
Profit before taxation
(43,881)
(61,013)
Taxation
2
170,129
Profit for the financial year
203,397
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6
Registered Number :
SC101434
As at 30 September 2024
United Supplies Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
279,348
242,384
4
Financial assets
2
2
5
279,350
242,386
Current assets
Inventories
70,905
61,867
6
Trade and other receivables
219,885
294,441
7
1,118,203
Cash and cash equivalents
1,230,743
1,587,051
1,408,993
Trade and other payables: amounts falling due within one
year
(472,901)
(557,794)
8
936,092
1,029,257
Net current assets
Total assets less current liabilities
1,308,607
1,178,478
1,308,607
Net assets
1,178,478
Capital and reserves
Called up share capital
100,000
100,000
Retained earnings
1,208,607
1,078,478
1,308,607
1,178,478
Shareholders' funds
For the year ended 30 September 2024 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 30 September 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their 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.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Ian W. Strachan
These financial statements were approved and authorised for issue by the Board on 07 October 2024 and were signed by:
The notes form part of these financial statements
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For the year ended 30 September 2024
United Supplies Limited
Notes to the Financial Statements
Statutory Information
United Supplies Limited is a private limited company, limited by shares, domiciled in Scotland, registration number
SC101434.
Registered address:
United House
6 Regent Road
Aberdeen
AB11 5NS
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
The financial statements have been prepared under the historical costs convention in accordance with applicable
accounting standards.
Revenue recognition
In the opinion of the Directors, turnover, stated net of vat and discounts, and profits are derived from the provision of offshore and onshore supplies, bonded warehousing and archive storage in the UK.
Property, plant and equipment
Property, plant and equipment, 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:
Freehold buildings
2% Straight line
Plant & office equipment
20% Straight line
25% Straight line
Motor vehicles
Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2. Taxation
2023
£
The taxation charge is based on the taxable profit for the year and
comprises:
£
2024
UK taxation
UK corporation tax
43,881
61,013
Tax on profit on ordinary activities
43,881
61,013
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For the year ended 30 September 2024
United Supplies Limited
Notes to the Financial Statements Continued
3. Dividends
2023
2024
£
£
Dividend on equity instruments:
Paid in the year
(40,000)
(100,000)
4. Property, plant and equipment
Total
Motor vehicles
Plant & office
equipment
Freehold
buildings
£
£
£
£
Cost or
valuation
At 01 October 2023
491,236
65,737
135,499
290,000
62,808
62,808
-
-
Additions
(33,308)
-
-
Disposals
(33,308)
At 30 September 2024
290,000
135,499
95,237
520,736
Provision for depreciation and impairment
At 01 October 2023
248,852
60,863
120,789
67,200
Charge for year
25,844
18,140
4,904
2,800
(33,308)
(33,308)
-
-
On disposal
At 30 September 2024
241,388
45,695
125,693
70,000
At 30 September 2024
Net book value
220,000
9,806
49,542
279,348
At 30 September 2023
222,800
14,710
4,874
242,384
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For the year ended 30 September 2024
United Supplies Limited
Notes to the Financial Statements Continued
5. Investments held as fixed assets
Shares in group and participating interests
Total
At 01 October 2023
2
2
Cost
£
£
At 30 September 2024
2
2
At 30 September 2024
Net book value
2
2
At 01 October 2023
2
2
This represents 100% of the ordinary and deferred shares of Grovelaw Limited which is registered in Scotland. The
company is dormant and has not traded during the year.
The share capital and reserves of Grovelaw Limited at 30th September 2024 were £ 40,000. ( 2023 - £ 40,000).
The company has taken advantage of the exemption granted under S405 (2) of the Companies Act 2006 to prepare
consolidated accounts, as inclusion of the above subsidiary company is not material for the purpose of giving a true
and fair view. The financial statements present information about the company as an individual undertaking and not
as a group.
6. Inventories
2023
2024
£
£
Stocks
61,867
70,905
7. Trade and other receivables
2023
2024
£
£
Trade debtors
294,441
219,885
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For the year ended 30 September 2024
United Supplies Limited
Notes to the Financial Statements Continued
8. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
392,410
296,764
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
40,000
40,000
Taxation and social security
118,584
128,937
Other creditors
6,800
7,200
557,794
472,901
9. Average number of persons employed
During the year the average number of employees was 12. In the previous year, the average number of employees was (2023 : 11)
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