U Local Limited 12447733 Newagent false 1 March 2023 12447733 2023-03-01 2024-02-28 12447733 2023-02-28 12447733 2024-02-28 12447733 2022-03-01 2023-02-28 12447733 2022-02-28 12447733 2023-02-28 12447733 frs102-bus:FRS102 2023-03-01 2024-02-28 12447733 frs102-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 12447733 frs102-bus:FullAccounts 2023-03-01 2024-02-28 12447733 frs102-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 12447733 frs102-core:CurrentFinancialInstruments 2024-02-28 12447733 frs102-core:CurrentFinancialInstruments 2023-02-28 12447733 frs102-core:Non-currentFinancialInstruments 2024-02-28 12447733 frs102-core:Non-currentFinancialInstruments 2023-02-28 12447733 frs102-core:ShareCapital 2024-02-28 12447733 frs102-core:ShareCapital 2023-02-28 12447733 frs102-core:RetainedEarningsAccumulatedLosses 2024-02-28 12447733 frs102-core:RetainedEarningsAccumulatedLosses 2023-02-28 12447733 frs102-bus:Director1 2023-03-01 2024-02-28 12447733 frs102-core:FurnitureFittings 2023-03-01 2024-02-28 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
12447733
U Local Limited
Unaudited Accounts
for the period
1 March 2023 to 28 February 2024
U Local Limited
Balance Sheet
as at 28 February 2024
Notes
2024
£
2023
£
Fixed assets
Tangible assets 5,252 7,003
5,252 7,003
Current assets
Stocks 22,500 16,500
Cash at bank and in hand 6,600 6,719
29,100 23,219
Creditors: amounts falling due within one year (9,045) (6,409)
Net current assets / (liabilities) 20,055 16,810
Total assets less current liabilities 25,307 23,813
Creditors: amounts falling due after more than one year (24,409) (24,409)
Provisions for liabilities (0) (0)
Total net assets (liabilities) 898 (596)
Capital and reserves
Called up share capital 120 120
Profit and loss account 778 (716)
Shareholders' funds 898 (596)

U Local Limited
Balance Sheet
as at 28 February 2024



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the period ending 28 February 2024 the company was entitled to exemption 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 Act with respect to accounting records and the preparation of accounts.

Signed on behalf of the board of directors

...............................

Mr J Prince

Director


Approved by the board on 29 November 2024

Company Number: 12447733 (a Private Company Limited by Shares registered in Wales)

Registered Office:

21 Ffordd Coed Mawr
Bangor
LL57 4TB
Wales

U Local Limited
Notes to the Accounts
for the period 1 March 2023 to 28 February 2024

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Fixtures & Fittings 25% Reducing Balance
2. Employees
2024 2023
Average number of employees during the period 3 4