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REGISTERED NUMBER: 09539689 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

United Tools Ltd

United Tools Ltd (Registered number: 09539689)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


United Tools Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr William Chates





REGISTERED OFFICE: 220 Lancaster Road
Morecambe
LA4 5TL





REGISTERED NUMBER: 09539689 (England and Wales)





ACCOUNTANTS: Mark Vickers Accountants Limited
Ground Floor
6&7 Eastway Business Village
Olivers Place
Preston
Lancashire
PR2 9WT

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
United Tools Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of United Tools Ltd for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of United Tools Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of United Tools Ltd and state those matters that we have agreed to state to the director of United Tools Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that United Tools Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of United Tools Ltd. You consider that United Tools Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of United Tools Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mark Vickers Accountants Limited
Ground Floor
6&7 Eastway Business Village
Olivers Place
Preston
Lancashire
PR2 9WT


Date: .............................................

United Tools Ltd (Registered number: 09539689)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 69,024 41,583

CURRENT ASSETS
Stocks 5 88,781 100,713
Cash at bank 24,513 4,091
113,294 104,804
CREDITORS
Amounts falling due within one year 6 64,257 72,023
NET CURRENT ASSETS 49,037 32,781
TOTAL ASSETS LESS CURRENT
LIABILITIES

118,061

74,364

CREDITORS
Amounts falling due after more than one
year

7

(48,889

)

(40,073

)

PROVISIONS FOR LIABILITIES (13,115 ) (7,901 )
NET ASSETS 56,057 26,390

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 55,957 26,290
56,057 26,390

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

United Tools Ltd (Registered number: 09539689)

Balance Sheet - continued
30 April 2024


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 director and authorised for issue on 28 October 2024 and were signed by:





Mr William Chates - Director


United Tools Ltd (Registered number: 09539689)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

United Tools Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

United Tools Ltd (Registered number: 09539689)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 May 2023 4,744 795 63,455 68,994
Additions - - 87,132 87,132
Disposals - - (55,608 ) (55,608 )
At 30 April 2024 4,744 795 94,979 100,518
DEPRECIATION
At 1 May 2023 2,534 325 24,552 27,411
Charge for year 331 71 22,248 22,650
Eliminated on disposal - - (18,567 ) (18,567 )
At 30 April 2024 2,865 396 28,233 31,494
NET BOOK VALUE
At 30 April 2024 1,879 399 66,746 69,024
At 30 April 2023 2,210 470 38,903 41,583

5. STOCKS
30.4.24 30.4.23
£    £   
Stocks 88,781 100,713

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 3,333 3,859
Trade creditors 1,240 875
Taxation and social security 29,321 32,545
Other creditors 30,363 34,744
64,257 72,023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 6,389 2,573
Other creditors 42,500 37,500
48,889 40,073