Unit 94 Limited 12677776 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is that of retail sales of goods in specialised stores, via mail order or via internet. Digita Accounts Production Advanced 6.30.9574.0 true 12677776 2023-09-01 2024-08-31 12677776 2024-08-31 12677776 bus:OrdinaryShareClass1 2024-08-31 12677776 core:RetainedEarningsAccumulatedLosses 2024-08-31 12677776 core:ShareCapital 2024-08-31 12677776 core:CurrentFinancialInstruments 2024-08-31 12677776 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 12677776 core:OfficeEquipment 2024-08-31 12677776 core:PlantMachinery 2024-08-31 12677776 bus:SmallEntities 2023-09-01 2024-08-31 12677776 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 12677776 bus:AbridgedAccounts 2023-09-01 2024-08-31 12677776 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 12677776 bus:RegisteredOffice 2023-09-01 2024-08-31 12677776 bus:Director1 2023-09-01 2024-08-31 12677776 bus:Director2 2023-09-01 2024-08-31 12677776 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 12677776 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12677776 core:OfficeEquipment 2023-09-01 2024-08-31 12677776 core:PlantMachinery 2023-09-01 2024-08-31 12677776 countries:AllCountries 2023-09-01 2024-08-31 12677776 2023-08-31 12677776 core:OfficeEquipment 2023-08-31 12677776 core:PlantMachinery 2023-08-31 12677776 2022-09-01 2023-08-31 12677776 2023-08-31 12677776 bus:OrdinaryShareClass1 2023-08-31 12677776 core:RetainedEarningsAccumulatedLosses 2023-08-31 12677776 core:ShareCapital 2023-08-31 12677776 core:CurrentFinancialInstruments 2023-08-31 12677776 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 12677776 core:OfficeEquipment 2023-08-31 12677776 core:PlantMachinery 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12677776

Unit 94 Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 August 2024

 

Unit 94 Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

Unit 94 Limited

Company Information

Directors

Philip James Reid

Ms Amy Lethbridge

Registered office

94 High Street
Tunbridge Wells
TN1 1YF

Accountants

Ross + Partners
Chartered Certified Accountants
Suite 1B1 Argyle House
Northside
Joel Street
Northwood Hills
HA6 1NW

 

Unit 94 Limited

(Registration number: 12677776)
Abridged Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

296

537

Current assets

 

Stocks

7,848

6,127

Debtors

2,481

1,146

Cash at bank and in hand

 

28,462

10,836

 

38,791

18,109

Creditors: Amounts falling due within one year

(27,769)

(33,256)

Net current assets/(liabilities)

 

11,022

(15,147)

Net assets/(liabilities)

 

11,318

(14,610)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

11,218

(14,710)

Shareholders' funds/(deficit)

 

11,318

(14,610)

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 22 January 2025 and signed on its behalf by:
 

 

Unit 94 Limited

(Registration number: 12677776)
Abridged Balance Sheet as at 31 August 2024

.........................................
Philip James Reid
Director

.........................................
Ms Amy Lethbridge
Director

 
     
 

Unit 94 Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024

1

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 abridged 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 abridged 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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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.

 

Unit 94 Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024

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

Plant and machinery

33% straight line

Office equipment

33% straight line

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.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

 

Unit 94 Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024

3

Tangible assets

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 September 2023

9,000

-

9,000

Additions

-

441

441

At 31 August 2024

9,000

441

9,441

Depreciation

At 1 September 2023

8,463

-

8,463

Charge for the year

537

145

682

At 31 August 2024

9,000

145

9,145

Carrying amount

At 31 August 2024

-

296

296

At 31 August 2023

537

-

537

4

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100