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Registration number: 03885328

UYR Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

UYR Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

UYR Limited

Company Information

Directors

Mr Adam Wood

Company secretary

Miss Cally Marie Rhodes

Registered office

15/17 Langthwaite Road
Langthwaite Business Park
South Kirkby
Pontefract
West Yorkshire
WF9 3AP

 

UYR Limited

(Registration number: 03885328)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,831,687

2,581,569

Current assets

 

Stocks

5

1,054,721

1,115,028

Debtors

6

2,529,640

1,824,909

Cash at bank and in hand

 

988,117

748,310

 

4,572,478

3,688,247

Creditors: Amounts falling due within one year

7

(3,742,174)

(2,589,211)

Net current assets

 

830,304

1,099,036

Total assets less current liabilities

 

3,661,991

3,680,605

Creditors: Amounts falling due after more than one year

7

(1,306,621)

(1,552,325)

Provisions for liabilities

(40,274)

(40,274)

Net assets

 

2,315,096

2,088,006

Capital and reserves

 

Called up share capital

8

1

1

Other reserves

171,694

171,694

Retained earnings

2,143,401

1,916,311

Shareholders' funds

 

2,315,096

2,088,006

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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

UYR Limited

(Registration number: 03885328)
Balance Sheet as at 31 March 2024

Approved and authorised by the director on 16 January 2025
 

.........................................
Miss Cally Marie Rhodes
Company secretary

 

UYR Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
15/17 Langthwaite Road
Langthwaite Business Park
South Kirkby
Pontefract
West Yorkshire
WF9 3AP

These financial statements were authorised for issue by the director on 16 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

UYR Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold Property

4% on cost

Plant and Machinery

5% and 10% on cost

Furniture and fittings

15% on cost

Motor Vehicles

25% on cost

Computer equipment

20% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

UYR Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 68 (2023 - 68).

 

UYR Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Cost or valuation

At 1 April 2023

1,065,644

262,341

17,742

2,986,651

Additions

-

360

-

368,572

At 31 March 2024

1,065,644

262,701

17,742

3,355,223

Depreciation

At 1 April 2023

224,243

254,828

17,742

1,253,996

Charge for the year

1,426

1,669

-

115,719

At 31 March 2024

225,669

256,497

17,742

1,369,715

Carrying amount

At 31 March 2024

839,975

6,204

-

1,985,508

At 31 March 2023

841,401

7,513

-

1,732,655

Total
£

Cost or valuation

At 1 April 2023

4,332,378

Additions

368,932

At 31 March 2024

4,701,310

Depreciation

At 1 April 2023

1,750,809

Charge for the year

118,814

At 31 March 2024

1,869,623

Carrying amount

At 31 March 2024

2,831,687

At 31 March 2023

2,581,569

5

Stocks

2024
£

2023
£

Stock and Work in progress

1,054,721

1,115,028

 

UYR Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

2,210,410

1,518,213

Other debtors

319,230

306,696

 

2,529,640

1,824,909

 

UYR Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

9

2,749,510

1,816,357

trade creditors

 

134,014

295,408

Taxation and social security

 

732,168

369,202

Other creditors

 

126,482

108,244

 

3,742,174

2,589,211

Due after one year

 

Loans and borrowings

9

1,306,621

1,552,325

Creditors: amounts falling due after more than one year

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

       

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

355,497

203,015

Hire purchase contracts

951,124

1,349,310

1,306,621

1,552,325

Current loans and borrowings

2024
£

2023
£

Bank borrowings

118,112

78,589

Bank overdrafts

2,265,124

1,737,768

Hire purchase contracts

366,274

-

2,749,510

1,816,357