Registered number
SC624210
UR Empire Consultants Limited
Filleted Accounts
31 March 2023
UR Empire Consultants Limited
Registered number: SC624210
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 10,017 517
Cash at bank and in hand 11,892 30,019
21,909 30,536
Creditors: amounts falling due within one year 4 (1,100) (1,100)
Net current assets 20,809 29,436
Total assets less current liabilities 20,809 29,436
Creditors: amounts falling due after more than one year 5 (38,863) (45,500)
Net liabilities (18,054) (16,064)
Capital and reserves
Called up share capital 100 100
Profit and loss account (18,154) (16,164)
Shareholder's funds (18,054) (16,064)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Umair Riaz
Director
Approved by the board on 17 November 2024
UR Empire Consultants Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 1,500 -
Other debtors 8,517 517
10,017 517
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,100 1,100
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 38,863 45,500
6 Controlling party
The controlling party is Umair Riaz by virtue of his ownership of 100% of the issued share capital of the company.
7 Other information
UR Empire Consultants Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
0/1 109 Napiershall Street
Glasgow
G20 6HU
UR Empire Consultants Limited SC624210 false 2022-04-01 2023-03-31 2023-03-31 VT Final Accounts July 2024 Umair Riaz No description of principal activity SC624210 2021-04-01 2022-03-31 SC624210 core:WithinOneYear 2022-03-31 SC624210 core:AfterOneYear 2022-03-31 SC624210 core:ShareCapital 2022-03-31 SC624210 core:RetainedEarningsAccumulatedLosses 2022-03-31 SC624210 2022-04-01 2023-03-31 SC624210 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 SC624210 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 SC624210 bus:Director40 2022-04-01 2023-03-31 SC624210 1 2022-04-01 2023-03-31 SC624210 2 2022-04-01 2023-03-31 SC624210 countries:England 2022-04-01 2023-03-31 SC624210 bus:FRS102 2022-04-01 2023-03-31 SC624210 bus:FilletedAccounts 2022-04-01 2023-03-31 SC624210 2023-03-31 SC624210 core:WithinOneYear 2023-03-31 SC624210 core:AfterOneYear 2023-03-31 SC624210 core:ShareCapital 2023-03-31 SC624210 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC624210 2022-03-31 iso4217:GBP xbrli:pure