UTTEL LTD 14918133 false 2023-06-06 2024-06-30 2024-06-30 The principal activity of the company is Telecommunications activities. Digita Accounts Production Advanced 6.30.9574.0 true 14918133 2023-06-06 2024-06-30 14918133 2024-06-30 14918133 bus:OrdinaryShareClass1 2024-06-30 14918133 core:CurrentFinancialInstruments 2024-06-30 14918133 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 14918133 core:OtherPropertyPlantEquipment 2024-06-30 14918133 bus:SmallEntities 2023-06-06 2024-06-30 14918133 bus:AuditExemptWithAccountantsReport 2023-06-06 2024-06-30 14918133 bus:FilletedAccounts 2023-06-06 2024-06-30 14918133 bus:SmallCompaniesRegimeForAccounts 2023-06-06 2024-06-30 14918133 bus:RegisteredOffice 2023-06-06 2024-06-30 14918133 bus:Director1 2023-06-06 2024-06-30 14918133 bus:OrdinaryShareClass1 2023-06-06 2024-06-30 14918133 bus:PrivateLimitedCompanyLtd 2023-06-06 2024-06-30 14918133 bus:Agent1 2023-06-06 2024-06-30 14918133 core:OtherPropertyPlantEquipment 2023-06-06 2024-06-30 14918133 countries:AllCountries 2023-06-06 2024-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14918133

UTTEL LTD

Unaudited Filleted Financial Statements

for the Period from 6 June 2023 to 30 June 2024

 

UTTEL LTD

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

UTTEL LTD

Company Information

Director

Mr Urian Barros De Castro Thomaz

Registered office

136 Harebell Road
Andover
SP11 6ZA

Accountants

Loyal Accountancy Ltd Suite 2.04
Oxford House
49 Oxford Road
London
N4 3EY

 

UTTEL LTD

(Registration number: 14918133)
Balance Sheet as at 30 June 2024

Note

2024
£

Fixed assets

 

Tangible assets

3

4,179

Current assets

 

Debtors

4

14,237

Cash at bank and in hand

 

12,958

 

27,195

Creditors: Amounts falling due within one year

5

(14,346)

Net current assets

 

12,849

Total assets less current liabilities

 

17,028

Provisions for liabilities

(794)

Net assets

 

16,234

Capital and reserves

 

Called up share capital

6

100

Retained earnings

16,134

Shareholders' funds

 

16,234

 

UTTEL LTD

(Registration number: 14918133)
Balance Sheet as at 30 June 2024

For the financial period ending 30 June 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 period 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 and 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.

Approved and authorised by the director on 4 February 2025
 

.........................................
Mr Urian Barros De Castro Thomaz
Director

   
     
 

UTTEL LTD

Notes to the Unaudited Financial Statements for the Period from 6 June 2023 to 30 June 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 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.

Tax

The tax expense for the period comprises current and deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

UTTEL LTD

Notes to the Unaudited Financial Statements for the Period from 6 June 2023 to 30 June 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:

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.

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.

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.

 

UTTEL LTD

Notes to the Unaudited Financial Statements for the Period from 6 June 2023 to 30 June 2024

2

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 2.

 

UTTEL LTD

Notes to the Unaudited Financial Statements for the Period from 6 June 2023 to 30 June 2024

3

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

Additions

4,917

4,917

At 30 June 2024

4,917

4,917

Depreciation

Charge for the period

738

738

At 30 June 2024

738

738

Carrying amount

At 30 June 2024

4,179

4,179

4

Debtors

Current

2024
£

Other debtors

14,237

 

14,237

5

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Trade creditors

862

Taxation and social security

12,202

Other creditors

1,282

14,346

 

UTTEL LTD

Notes to the Unaudited Financial Statements for the Period from 6 June 2023 to 30 June 2024

6

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary shares of £1 each

100

100