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REGISTERED NUMBER: 10505128 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31st March 2024

for

Universal Basement Waterproofing Ltd

Universal Basement Waterproofing Ltd (Registered number: 10505128)

Contents of the Financial Statements
for the Year Ended 31st March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Universal Basement Waterproofing Ltd

Company Information
for the Year Ended 31st March 2024







DIRECTORS: S Dernulc
J L Newbury





REGISTERED OFFICE: Eradicure-Alliance House
New Road
SHEERNESS
Kent
ME12 1NB





REGISTERED NUMBER: 10505128 (England and Wales)





ACCOUNTANTS: Blain Pritchard
Chartered Certified Accountants
29 High Street
Blue Town
SHEERNESS
Kent
ME12 1RN

Universal Basement Waterproofing Ltd (Registered number: 10505128)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,690 46,253

CURRENT ASSETS
Stocks 8,240 11,400
Debtors 5 69,689 53,980
Cash at bank - 7,319
77,929 72,699
CREDITORS
Amounts falling due within one year 6 30,240 27,456
NET CURRENT ASSETS 47,689 45,243
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,379

91,496

CREDITORS
Amounts falling due after more than one
year

7

(56,198

)

(68,369

)

PROVISIONS FOR LIABILITIES (8,672 ) (8,788 )
NET ASSETS 17,509 14,339

CAPITAL AND RESERVES
Called up share capital 1,010 1,010
Retained earnings 16,499 13,329
SHAREHOLDERS' FUNDS 17,509 14,339

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

Universal Basement Waterproofing Ltd (Registered number: 10505128)

Balance Sheet - continued
31st March 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th September 2024 and were signed on its behalf by:




S Dernulc - Director



J L Newbury - Director


Universal Basement Waterproofing Ltd (Registered number: 10505128)

Notes to the Financial Statements
for the Year Ended 31st March 2024


1. STATUTORY INFORMATION

Universal Basement Waterproofing 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

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 Profit and Loss Account, 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.

Universal Basement Waterproofing Ltd (Registered number: 10505128)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023
and 31st March 2024 65,512
DEPRECIATION
At 1st April 2023 19,259
Charge for year 11,563
At 31st March 2024 30,822
NET BOOK VALUE
At 31st March 2024 34,690
At 31st March 2023 46,253

Universal Basement Waterproofing Ltd (Registered number: 10505128)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024


4. 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
At 1st April 2023
and 31st March 2024 37,937
DEPRECIATION
At 1st April 2023 9,484
Charge for year 7,113
At 31st March 2024 16,597
NET BOOK VALUE
At 31st March 2024 21,340
At 31st March 2023 28,453

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,247 14,400
Other debtors 67,442 39,580
69,689 53,980

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,707 3,500
Hire purchase contracts 6,008 5,914
Trade creditors 4,389 -
Taxation and social security 6,792 2,582
Other creditors 5,344 15,460
30,240 27,456

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 37,079 43,770
Hire purchase contracts 19,119 24,599
56,198 68,369

Universal Basement Waterproofing Ltd (Registered number: 10505128)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,279 19,770

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2024 and 31st March 2023:

2024 2023
£    £   
S Dernulc
Balance outstanding at start of year - 31,000
Amounts repaid - (31,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -