Company Registration No. 10123141 (England and Wales)
U3B Ltd
Unaudited accounts
for the year ended 30 April 2024
U3B Ltd
Unaudited accounts
Contents
U3B Ltd
Company Information
for the year ended 30 April 2024
Company Number
10123141 (England and Wales)
Registered Office
Wood Farm
Morley Green
Wilmslow
SK9 4LU
England
Accountants
Pinnacle Chartered Accountants & Tax Advisors
The Elsie Whiteley Innovation Centre
Hopwood Lane
Halifax
HX1 5ER
U3B Ltd
Statement of financial position
as at 30 April 2024
Intangible assets
8,402
8,402
Tangible assets
2,589
3,884
Cash at bank and in hand
2
45,150
Creditors: amounts falling due within one year
(27,245)
(51,426)
Net current assets
7,562
14,954
Total assets less current liabilities
18,553
27,240
Creditors: amounts falling due after more than one year
(17,142)
-
Provisions for liabilities
Called up share capital
2
2
Profit and loss account
917
26,891
Shareholders' funds
919
26,893
For the year ending 30 April 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 January 2025 and were signed on its behalf by
Mr Uzair Osman
Director
Company Registration No. 10123141
U3B Ltd
Notes to the Accounts
for the year ended 30 April 2024
U3B Ltd is a private company, limited by shares, registered in England and Wales, registration number 10123141. The registered office is Wood Farm, Morley Green, Wilmslow, SK9 4LU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on cost
Computer equipment
25% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Total
U3B Ltd
Notes to the Accounts
for the year ended 30 April 2024
5
Tangible fixed assets
Total
6
Deferred taxation
2024
2023
Accelerated capital allowances
492
347
Provision at start of year
347
347
Charged to the profit and loss account
145
-
Provision at end of year
492
347
Allotted, called up and fully paid:
1 Ordinary Class A shares of £1 each
1
1
1 Ordinary Class B shares of £1 each
1
1
8
Transactions with related parties
At the year end the Director owed the company £10,000 and employee owed £9,805.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).