IRIS Accounts Production v24.1.9.2 02354689 director 1.5.23 30.4.24 30.4.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh023546892023-04-30023546892024-04-30023546892023-05-012024-04-30023546892022-04-30023546892022-05-012023-04-30023546892023-04-3002354689ns15:EnglandWales2023-05-012024-04-3002354689ns14:PoundSterling2023-05-012024-04-3002354689ns10:Director12023-05-012024-04-3002354689ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3002354689ns10:SmallEntities2023-05-012024-04-3002354689ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3002354689ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3002354689ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3002354689ns10:FullAccounts2023-05-012024-04-3002354689ns10:RegisteredOffice2023-05-012024-04-3002354689ns5:CurrentFinancialInstruments2024-04-3002354689ns5:CurrentFinancialInstruments2023-04-3002354689ns5:ShareCapital2024-04-3002354689ns5:ShareCapital2023-04-3002354689ns5:CapitalRedemptionReserve2024-04-3002354689ns5:CapitalRedemptionReserve2023-04-3002354689ns5:RetainedEarningsAccumulatedLosses2024-04-3002354689ns5:RetainedEarningsAccumulatedLosses2023-04-3002354689ns5:LandBuildings2023-05-012024-04-3002354689ns5:PlantMachinery2023-05-012024-04-3002354689ns5:LandBuildings2023-04-3002354689ns5:PlantMachinery2023-04-3002354689ns5:LandBuildings2024-04-3002354689ns5:PlantMachinery2024-04-3002354689ns5:LandBuildings2023-04-3002354689ns5:PlantMachinery2023-04-3002354689ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3002354689ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-30
REGISTERED NUMBER: 02354689 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

UNITED TRANSMISSION SERVICES LIMITED

UNITED TRANSMISSION SERVICES LIMITED (REGISTERED NUMBER: 02354689)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


UNITED TRANSMISSION SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Mr J Spencer



REGISTERED OFFICE: Russell House
New Brunswick Street
Thornes Lane
Wakefield
West Yorkshire
WF1 5QR



REGISTERED NUMBER: 02354689 (England and Wales)



ACCOUNTANTS: Reed Smith Accountancy Limited
Chartered Certified Accountants
Copia House
Great Cliffe Court
Great Cliffe Road
Barnsley
South Yorkshire
S75 3SP



BANKERS: Lloyds Bank plc
17 Westgate
Wakefield
West Yorkshire
WF1 1JZ

UNITED TRANSMISSION SERVICES LIMITED (REGISTERED NUMBER: 02354689)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 234,564 239,328
Investment property 5 804,718 618,087
1,039,282 857,415

CURRENT ASSETS
Inventories 879,485 721,659
Debtors 6 636,572 619,033
Cash at bank and in hand 1,191,514 1,303,629
2,707,571 2,644,321
CREDITORS
Amounts falling due within one year 7 1,131,054 703,675
NET CURRENT ASSETS 1,576,517 1,940,646
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,615,799

2,798,061

PROVISIONS FOR LIABILITIES 13,916 13,201
NET ASSETS 2,601,883 2,784,860

CAPITAL AND RESERVES
Called up share capital 151 151
Capital redemption reserve 49 49
Retained earnings 2,601,683 2,784,660
SHAREHOLDERS' FUNDS 2,601,883 2,784,860

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 TRANSMISSION SERVICES LIMITED (REGISTERED NUMBER: 02354689)

STATEMENT OF FINANCIAL POSITION - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 August 2024 and were signed by:





Mr J Spencer - Director


UNITED TRANSMISSION SERVICES LIMITED (REGISTERED NUMBER: 02354689)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

United Transmission Services Limited 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
Revenue 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.
Land and buildings - Straight line over 50 years and Straight line over 10 years
Plant and machinery etc - Straight line over 5 years and Straight line over 4 years

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Inventories 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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


UNITED TRANSMISSION SERVICES LIMITED (REGISTERED NUMBER: 02354689)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction.

At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating results.

Employee benefits
Short-term employee benefits are recognised as an expense in the period in which they are incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 344,373 226,874 571,247
Additions - 22,975 22,975
Disposals - (17,557 ) (17,557 )
At 30 April 2024 344,373 232,292 576,665
DEPRECIATION
At 1 May 2023 157,849 174,070 331,919
Charge for year 7,623 10,616 18,239
Eliminated on disposal - (8,057 ) (8,057 )
At 30 April 2024 165,472 176,629 342,101
NET BOOK VALUE
At 30 April 2024 178,901 55,663 234,564
At 30 April 2023 186,524 52,804 239,328

UNITED TRANSMISSION SERVICES LIMITED (REGISTERED NUMBER: 02354689)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 618,087
Additions 186,631
At 30 April 2024 804,718
NET BOOK VALUE
At 30 April 2024 804,718
At 30 April 2023 618,087

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 595,166 579,289
Other debtors 41,406 39,744
636,572 619,033

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 424,997 461,281
Taxation and social security 229,214 221,373
Other creditors 476,843 21,021
1,131,054 703,675

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J Spencer.