UNIVERSAL ONLINE LIMITED

Company Registration Number:
14231762 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

UNIVERSAL ONLINE LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Notes

UNIVERSAL ONLINE LIMITED

Balance sheet

As at 31 July 2024


Notes

2024

13 months to 31 July 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 50,000 40,000
Tangible assets: 4 300,000 250,000
Investments: 5 50,000 20,000
Total fixed assets: 400,000 310,000
Current assets
Stocks: 100,000 75,000
Debtors: 6 200,000 150,000
Cash at bank and in hand: 600,000 400,000
Total current assets: 900,000 625,000
Creditors: amounts falling due within one year: 7 (400,000) (219,350)
Net current assets (liabilities): 500,000 405,650
Total assets less current liabilities: 900,000 715,650
Creditors: amounts falling due after more than one year: 8 (50,000) (30,000)
Provision for liabilities: (50,100) (30,000)
Total net assets (liabilities): 799,900 655,650
Capital and reserves
Called up share capital: 100,000 100,000
Share premium account: 50,000 30,000
Profit and loss account: 649,900 525,650
Shareholders funds: 799,900 655,650

The notes form part of these financial statements

UNIVERSAL ONLINE LIMITED

Balance sheet statements

For the year ending 31 July 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 02 December 2024
and signed on behalf of the board by:

Name: GEORGE MARIAN MAN
Status: Director

The notes form part of these financial statements

UNIVERSAL ONLINE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

UNIVERSAL ONLINE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

2. Employees

2024 13 months to 31 July 2023
Average number of employees during the period 35 10

UNIVERSAL ONLINE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Intangible Assets

Total
Cost £
At 01 August 2023 40,000
Additions 20,000
At 31 July 2024 60,000
Amortisation
At 01 August 2023 0
Charge for year 10,000
At 31 July 2024 10,000
Net book value
At 31 July 2024 50,000
At 31 July 2023 40,000

UNIVERSAL ONLINE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Tangible Assets

Total
Cost £
At 01 August 2023 280,000
Additions 80,000
At 31 July 2024 360,000
Depreciation
At 01 August 2023 30,000
Charge for year 30,000
At 31 July 2024 60,000
Net book value
At 31 July 2024 300,000
At 31 July 2023 250,000

UNIVERSAL ONLINE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Fixed investments

This note provides details of the company's long-term investments under the 'Fixed Investments' category. During the year, the company allocated resources to hiring and onboarding skilled professionals from abroad, aimed at enhancing operational efficiency and innovation. These investments include recruitment costs, visa sponsorships, relocation packages, and specialized training programs. The fixed investment costs are amortized over a defined period to reflect their ongoing contribution to the company's growth. This approach ensures compliance with accounting standards while demonstrating the company's commitment to sustainable talent acquisition and employee development.

UNIVERSAL ONLINE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

6. Debtors

2024 13 months to 31 July 2023
££
Debtors due after more than one year: 20,000 10,000

UNIVERSAL ONLINE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

7. Creditors: amounts falling due within one year note

Trade Creditors: Represents amounts due to suppliers. Accruals: Reflects expenses for services or goods received but not yet invoiced. Taxation and Social Security: Includes tax liabilities and employee-related social security obligations. Other Creditors: Covers all other liabilities, such as short-term loans or deferred income.

UNIVERSAL ONLINE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

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

Bank Loans: Represents outstanding balances on long-term loans due after one year. Deferred Taxation: Includes taxes deferred to future periods based on timing differences. Other Creditors: Any remaining long-term liabilities not included above.

UNIVERSAL ONLINE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

9. Financial commitments

Operating lease commitments