Company Registration No. 08023548 (England and Wales)
UNL SOLUTIONS LTD
Unaudited accounts
for the year ended 30 April 2024
UNL SOLUTIONS LTD
Unaudited accounts
Contents
UNL SOLUTIONS LTD
Company Information
for the year ended 30 April 2024
Company Number
08023548 (England and Wales)
Registered Office
60 HINCKLEY ROAD
LEICESTER
LE3 0RB
Accountants
eFinance Corp Ltd
254 Hinckley Road
Western Park
Leicester
Leicestershire
LE3 0TL
UNL SOLUTIONS LTD
Statement of financial position
as at 30 April 2024
Tangible assets
38,094
46,727
Cash at bank and in hand
235,628
200,692
Creditors: amounts falling due within one year
(56,330)
(44,177)
Net current assets
397,712
248,152
Total assets less current liabilities
446,486
306,187
Creditors: amounts falling due after more than one year
(160,000)
(39,000)
Provisions for liabilities
Deferred tax
(5,985)
(7,980)
Net assets
280,501
259,207
Called up share capital
2,000
2,000
Profit and loss account
278,501
257,207
Shareholders' funds
280,501
259,207
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.
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 22 January 2025 and were signed on its behalf by
Siarhei Hudas
Director
Company Registration No. 08023548
UNL SOLUTIONS LTD
Notes to the Accounts
for the year ended 30 April 2024
UNL SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 08023548. The registered office is 60 HINCKLEY ROAD, LEICESTER, LE3 0RB.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Motor vehicles
20% Straight Line Method
Computer equipment
25% Reducing Balance Method
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
UNL SOLUTIONS LTD
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2023
52,500
16,855
69,355
At 30 April 2024
52,500
21,636
74,136
At 1 May 2023
10,500
12,128
22,628
Charge for the year
10,500
2,914
13,414
At 30 April 2024
21,000
15,042
36,042
At 30 April 2024
31,500
6,594
38,094
At 30 April 2023
42,000
4,727
46,727
5
Investments
Other investments
Valuation at 1 May 2023
11,308
Fair value adjustments
(628)
Valuation at 30 April 2024
10,680
Amounts falling due within one year
Other debtors
218,414
23,514
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
18,000
18,000
Taxes and social security
1,646
23,208
8
Creditors: amounts falling due after more than one year
2024
2023
UNL SOLUTIONS LTD
Notes to the Accounts
for the year ended 30 April 2024
9
Deferred taxation
2024
2023
Accelerated capital allowances
5,985
7,980
Provision at start of year
7,980
7,980
Credited to the profit and loss account
(1,995)
-
Provision at end of year
5,985
7,980
Allotted, called up and fully paid:
2,000 Ordinary shares of £1 each
2,000
2,000
11
Transactions with related parties
Included on Other Debtors there is an amount of £3,725 (PY: £3,725) from Yourdevteam Ltd and £195,000 (PY: £Nil) from Grow Stock Ltd. a companies in which Siarhei Hudas have a controlling interest.
All transactions involved have been conducted at arms length basis.
12
Average number of employees
During the year the average number of employees was 3 (2023: 3).