IRIS Accounts Production v24.3.0.553 11035352 director 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure110353522023-03-31110353522024-03-31110353522023-04-012024-03-31110353522022-03-31110353522022-04-012023-03-31110353522023-03-3111035352ns16:EnglandWales2023-04-012024-03-3111035352ns15:PoundSterling2023-04-012024-03-3111035352ns11:Director12023-04-012024-03-3111035352ns11:PrivateLimitedCompanyLtd2023-04-012024-03-3111035352ns11:SmallEntities2023-04-012024-03-3111035352ns11:AuditExempt-NoAccountantsReport2023-04-012024-03-3111035352ns11:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3111035352ns11:SmallCompaniesRegimeForAccounts2023-04-012024-03-3111035352ns11:FullAccounts2023-04-012024-03-3111035352ns11:OrdinaryShareClass12023-04-012024-03-3111035352ns11:RegisteredOffice2023-04-012024-03-3111035352ns6:CurrentFinancialInstruments2024-03-3111035352ns6:CurrentFinancialInstruments2023-03-3111035352ns6:Non-currentFinancialInstruments2024-03-3111035352ns6:Non-currentFinancialInstruments2023-03-3111035352ns6:ShareCapital2024-03-3111035352ns6:ShareCapital2023-03-3111035352ns6:RetainedEarningsAccumulatedLosses2024-03-3111035352ns6:RetainedEarningsAccumulatedLosses2023-03-3111035352ns6:FurnitureFittings2023-04-012024-03-3111035352ns6:MotorVehicles2023-04-012024-03-3111035352ns6:FurnitureFittings2023-03-3111035352ns6:MotorVehicles2023-03-3111035352ns6:ComputerEquipment2023-03-3111035352ns6:ComputerEquipment2023-04-012024-03-3111035352ns6:FurnitureFittings2024-03-3111035352ns6:MotorVehicles2024-03-3111035352ns6:ComputerEquipment2024-03-3111035352ns6:FurnitureFittings2023-03-3111035352ns6:MotorVehicles2023-03-3111035352ns6:ComputerEquipment2023-03-3111035352ns6:WithinOneYearns6:CurrentFinancialInstruments2024-03-3111035352ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3111035352ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2024-03-3111035352ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2023-03-3111035352ns11:OrdinaryShareClass12024-03-3111035352ns6:RetainedEarningsAccumulatedLosses2023-03-3111035352ns6:RetainedEarningsAccumulatedLosses2023-04-012024-03-31
REGISTERED NUMBER: 11035352 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

UK Global Auto Exports Ltd

UK Global Auto Exports Ltd (Registered number: 11035352)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UK Global Auto Exports Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr Christopher Loizou





REGISTERED OFFICE: 2 Maynard Court
Waltham Abbey
Essex
EN9 3DU





REGISTERED NUMBER: 11035352 (England and Wales)





ACCOUNTANTS: Chris Pantazis Ltd T/A CPS & Co
Chartered Accountants
10A Aldermans Hill
Palmers Green
London
N13 4PJ

UK Global Auto Exports Ltd (Registered number: 11035352)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,136 6,942

CURRENT ASSETS
Stocks 5 53,087 32,980
Debtors 6 1,280,015 575,536
Cash at bank 15,416 472,730
1,348,518 1,081,246
CREDITORS
Amounts falling due within one year 7 390,772 338,454
NET CURRENT ASSETS 957,746 742,792
TOTAL ASSETS LESS CURRENT
LIABILITIES

964,882

749,734

CREDITORS
Amounts falling due after more than one year 8 14,421 28,123
NET ASSETS 950,461 721,611

CAPITAL AND RESERVES
Called up share capital 10 100,000 100,000
Retained earnings 11 850,461 621,611
SHAREHOLDERS' FUNDS 950,461 721,611

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

UK Global Auto Exports Ltd (Registered number: 11035352)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 January 2025 and were signed by:





Mr Christopher Loizou - Director


UK Global Auto Exports Ltd (Registered number: 11035352)

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

1. STATUTORY INFORMATION

UK Global Auto Exports Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

UK Global Auto Exports Ltd (Registered number: 11035352)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 6,955 8,415 3,299 18,669
Additions - - 2,573 2,573
At 31 March 2024 6,955 8,415 5,872 21,242
DEPRECIATION
At 1 April 2023 4,262 6,640 825 11,727
Charge for year 673 1,706 - 2,379
At 31 March 2024 4,935 8,346 825 14,106
NET BOOK VALUE
At 31 March 2024 2,020 69 5,047 7,136
At 31 March 2023 2,693 1,775 2,474 6,942

5. STOCKS
31.3.24 31.3.23
£    £   
Stocks 53,087 32,980

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 353,099 65,461
VAT 921,286 229,243
Prepayments and accrued income 5,630 280,832
1,280,015 575,536

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 9) 12,000 10,920
Trade creditors 219,978 121,795
Tax 76,047 34,198
Other creditors 82,747 2,171
Directors' current accounts - 169,370
390,772 338,454

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 9) 14,421 28,123

UK Global Auto Exports Ltd (Registered number: 11035352)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bounce back loan 12,000 10,920

Amounts falling due between one and two years:
Bounce back loan 14,421 28,123

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100,000 Ordinary £1.00 100,000 100,000

11. RESERVES
Retained
earnings
£   

At 1 April 2023 621,611
Profit for the year 228,850
At 31 March 2024 850,461