Silverfin false false 31/03/2024 01/04/2023 31/03/2024 C Rimmer 13/03/2024 01/11/2018 B J Williams 19/02/2016 11 November 2024 The principal activity of the Company during the financial year was that of installation and maintenance of acoustic and intelligent systems. 10016312 2024-03-31 10016312 bus:Director1 2024-03-31 10016312 bus:Director2 2024-03-31 10016312 2023-03-31 10016312 core:CurrentFinancialInstruments 2024-03-31 10016312 core:CurrentFinancialInstruments 2023-03-31 10016312 core:Non-currentFinancialInstruments 2024-03-31 10016312 core:Non-currentFinancialInstruments 2023-03-31 10016312 core:ShareCapital 2024-03-31 10016312 core:ShareCapital 2023-03-31 10016312 core:CapitalRedemptionReserve 2024-03-31 10016312 core:CapitalRedemptionReserve 2023-03-31 10016312 core:RetainedEarningsAccumulatedLosses 2024-03-31 10016312 core:RetainedEarningsAccumulatedLosses 2023-03-31 10016312 core:Goodwill 2023-03-31 10016312 core:Goodwill 2024-03-31 10016312 core:Vehicles 2023-03-31 10016312 core:FurnitureFittings 2023-03-31 10016312 core:OfficeEquipment 2023-03-31 10016312 core:Vehicles 2024-03-31 10016312 core:FurnitureFittings 2024-03-31 10016312 core:OfficeEquipment 2024-03-31 10016312 2023-04-01 2024-03-31 10016312 bus:FilletedAccounts 2023-04-01 2024-03-31 10016312 bus:SmallEntities 2023-04-01 2024-03-31 10016312 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10016312 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10016312 bus:Director1 2023-04-01 2024-03-31 10016312 bus:Director2 2023-04-01 2024-03-31 10016312 1 2023-04-01 2024-03-31 10016312 core:Goodwill core:TopRangeValue 2023-04-01 2024-03-31 10016312 core:Goodwill 2023-04-01 2024-03-31 10016312 core:Vehicles 2023-04-01 2024-03-31 10016312 core:FurnitureFittings 2023-04-01 2024-03-31 10016312 core:OfficeEquipment 2023-04-01 2024-03-31 10016312 2022-04-01 2023-03-31 10016312 core:Non-currentFinancialInstruments 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Company No: 10016312 (England and Wales)

UNIQUE GROUP (SW) LTD
(Formerly Unique Tech Solutions Ltd)

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

UNIQUE GROUP (SW) LTD

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

UNIQUE GROUP (SW) LTD

BALANCE SHEET

As at 31 March 2024
UNIQUE GROUP (SW) LTD

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 35,000 0
Tangible assets 4 26,070 31,779
61,070 31,779
Current assets
Stocks 5 8,000 5,000
Debtors 6 185,659 148,089
Cash at bank and in hand 90,982 66,111
284,641 219,200
Creditors: amounts falling due within one year 7 ( 172,086) ( 124,318)
Net current assets 112,555 94,882
Total assets less current liabilities 173,625 126,661
Creditors: amounts falling due after more than one year 8 ( 15,000) ( 25,000)
Net assets 158,625 101,661
Capital and reserves
Called-up share capital 76 76
Capital redemption reserve 24 24
Profit and loss account 158,525 101,561
Total shareholders' funds 158,625 101,661

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Unique Group (SW) Ltd (registered number: 10016312) were approved and authorised for issue by the Director on 11 November 2024. They were signed on its behalf by:

B J Williams
Director
UNIQUE GROUP (SW) LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
UNIQUE GROUP (SW) LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Unique Group (SW) Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, England, United Kingdom. The principal place of business is Unique House, 156 Stanley Green Road, Poole, Dorset, BH15 3AH.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 10 years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Vehicles 25 % reducing balance
Fixtures and fittings 25 % reducing balance
Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 10 12

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 April 2023 0 0
Additions 35,000 35,000
At 31 March 2024 35,000 35,000
Accumulated amortisation
At 01 April 2023 0 0
At 31 March 2024 0 0
Net book value
At 31 March 2024 35,000 35,000
At 31 March 2023 0 0

4. Tangible assets

Vehicles Fixtures and fittings Office equipment Total
£ £ £ £
Cost
At 01 April 2023 126,970 0 6,946 133,916
Additions 0 5,696 1,306 7,002
Disposals ( 32,995) 0 0 ( 32,995)
At 31 March 2024 93,975 5,696 8,252 107,923
Accumulated depreciation
At 01 April 2023 99,526 0 2,611 102,137
Charge for the financial year 6,861 223 1,223 8,307
Disposals ( 28,591) 0 0 ( 28,591)
At 31 March 2024 77,796 223 3,834 81,853
Net book value
At 31 March 2024 16,179 5,473 4,418 26,070
At 31 March 2023 27,444 0 4,335 31,779

5. Stocks

2024 2023
£ £
Stocks 8,000 5,000

6. Debtors

2024 2023
£ £
Trade debtors 144,390 103,783
Amounts owed by Group undertakings 19,383 2,434
Other debtors 21,886 41,872
185,659 148,089

7. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 10,000 10,000
Trade creditors 150,485 55,991
Amounts owed to Group undertakings 0 32,918
Taxation and social security 5,224 17,652
Obligations under finance leases and hire purchase contracts 0 4,219
Other creditors 6,377 3,538
172,086 124,318

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 15,000 25,000

There are no amounts included above in respect of which any security has been given by the small entity.

9. Ultimate controlling party

Parent Company:

Unique Group (Southern) Ltd
Towngate House, 2-8 Parkstone Road, Poole, Dorset, England, BH15 2PW