Universal Connections Limited Filleted Accounts Cover
Universal Connections Limited
Company No. SC229447
Information for Filing with The Registrar
31 March 2024
Universal Connections Limited Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 March 2024.
Principal activities
The principal activity of the company during the year under review was property developer.
Directors
The Directors who served at any time during the year were as follows:
F. Martone
F. Martone
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
F. Martone
Director
25 November 2024
Universal Connections Limited Balance Sheet Registrar
at
31 March 2024
Company No.
SC229447
Notes
2024
2023
£
£
Current assets
Stocks
4
50,00050,000
Debtors
5
23,48623,486
73,48673,486
Creditors: Amount falling due within one year
6
(988,894)
(988,894)
Net current liabilities
(915,408)
(915,408)
Total assets less current liabilities
(915,408)
(915,408)
Net liabilities
(915,408)
(915,408)
Capital and reserves
Share premium account
8
100100
Profit and loss account
8
(915,508)
(915,508)
Total equity
(915,408)
(915,408)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 25 November 2024 and signed on its behalf by:
F. Martone
Director
25 November 2024
Universal Connections Limited Notes to the Accounts Registrar
for the year ended 31 March 2024
1
General information
Universal Connections Limited is a private company limited by shares and incorporated in Scotland.
Its registered number is: SC229447
Its registered office is:
29 Sciennes Road
Edinburgh
EH9 1NX
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.
Investments
Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
22
4
Stocks
2024
2023
£
£
Work in progress
50,00050,000
50,00050,000
5
Debtors
2024
2023
£
£
Trade debtors
1,1941,194
Corporation tax recoverable
21,66121,661
Loans to directors
631631
23,48623,486
6
Creditors:
amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
944,442
944,442
Taxes and social security
31,414
31,414
Accruals and deferred income
13,03813,038
988,894988,894
7
Share Capital
100 ordinary shares at £1.00 each
8
Reserves
Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.
Profit and loss account - includes all current and prior period retained profits and losses.
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