UTORDO Limited 11161845 false 2023-02-01 2023-12-31 2023-12-31 The principal activity of the company is Retail sale via mail order houses or via Internet Digita Accounts Production Advanced 6.30.9574.0 true true 11161845 2023-02-01 2023-12-31 11161845 2023-12-31 11161845 bus:Director1 1 2023-12-31 11161845 core:RetainedEarningsAccumulatedLosses 2023-12-31 11161845 core:ShareCapital 2023-12-31 11161845 core:CurrentFinancialInstruments 2023-12-31 11161845 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 11161845 core:Non-currentFinancialInstruments 2023-12-31 11161845 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 11161845 core:FurnitureFittingsToolsEquipment 2023-12-31 11161845 bus:SmallEntities 2023-02-01 2023-12-31 11161845 bus:AuditExemptWithAccountantsReport 2023-02-01 2023-12-31 11161845 bus:FilletedAccounts 2023-02-01 2023-12-31 11161845 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2023-12-31 11161845 bus:RegisteredOffice 2023-02-01 2023-12-31 11161845 bus:Director1 2023-02-01 2023-12-31 11161845 bus:Director1 1 2023-02-01 2023-12-31 11161845 bus:Director2 2023-02-01 2023-12-31 11161845 bus:PrivateLimitedCompanyLtd 2023-02-01 2023-12-31 11161845 core:ComputerEquipment 2023-02-01 2023-12-31 11161845 core:FurnitureFittings 2023-02-01 2023-12-31 11161845 core:FurnitureFittingsToolsEquipment 2023-02-01 2023-12-31 11161845 countries:England 2023-02-01 2023-12-31 11161845 2023-01-31 11161845 bus:Director1 1 2023-01-31 11161845 core:FurnitureFittingsToolsEquipment 2023-01-31 11161845 2022-02-01 2023-01-31 11161845 2023-01-31 11161845 core:RetainedEarningsAccumulatedLosses 2023-01-31 11161845 core:ShareCapital 2023-01-31 11161845 core:CurrentFinancialInstruments 2023-01-31 11161845 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 11161845 core:Non-currentFinancialInstruments 2023-01-31 11161845 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 11161845 core:FurnitureFittingsToolsEquipment 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 11161845

UTORDO Limited

Unaudited Filleted Financial Statements

for the Period from 1 February 2023 to 31 December 2023

 

UTORDO Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

UTORDO Limited

Company Information

Directors

Mr RP Davies

Mrs H Davies

Registered office

20-22 Wenlock Road
London
N1 7GU

Accountants

Ballards LLP
Chartered Accountants
Oakmoore Court
11c Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH

 

UTORDO Limited

(Registration number: 11161845)
Balance Sheet as at 31 December 2023

Note

2023
£

2023
£

Fixed assets

 

Tangible assets

4

2,239

1,347

Current assets

 

Debtors

5

29,850

30,546

Cash at bank and in hand

 

35,223

13,475

 

65,073

44,021

Creditors: Amounts falling due within one year

6

(24,083)

(21,279)

Net current assets

 

40,990

22,742

Total assets less current liabilities

 

43,229

24,089

Creditors: Amounts falling due after more than one year

6

(8,940)

(12,491)

Net assets

 

34,289

11,598

Capital and reserves

 

Called up share capital

100

100

Retained earnings

34,189

11,498

Shareholders' funds

 

34,289

11,598

For the financial period ending 31 December 2023 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 period 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.

These financial statements have been 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 December 2025 and signed on its behalf by:
 

.........................................
Mr RP Davies
Director

   
     
 

UTORDO Limited

Notes to the Unaudited Financial Statements for the Period from 1 February 2023 to 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
20-22 Wenlock Road
London
N1 7GU
England

2

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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

UTORDO Limited

Notes to the Unaudited Financial Statements for the Period from 1 February 2023 to 31 December 2023

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.

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

Office equipment

33.3% Reducing balance

Fixtures and Fittings

25% Reducing balance

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.

 

UTORDO Limited

Notes to the Unaudited Financial Statements for the Period from 1 February 2023 to 31 December 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2023 - 2).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2023

2,021

2,021

Additions

1,613

1,613

At 31 December 2023

3,634

3,634

Depreciation

At 1 February 2023

674

674

Charge for the period

721

721

At 31 December 2023

1,395

1,395

Carrying amount

At 31 December 2023

2,239

2,239

At 31 January 2023

1,347

1,347

 

UTORDO Limited

Notes to the Unaudited Financial Statements for the Period from 1 February 2023 to 31 December 2023

5

Debtors

Current

2023
£

2023
£

Trade debtors

27,484

18,546

Prepayments

-

12,000

Other debtors

2,366

-

 

29,850

30,546

6

Creditors

Note

2023
£

2023
£

Due within one year

 

Loans and borrowings

7

8,161

4,964

Trade creditors

 

216

5,323

Taxation and social security

 

12,806

5,832

Accruals and deferred income

 

2,900

960

Other creditors

 

-

4,200

 

24,083

21,279

 

UTORDO Limited

Notes to the Unaudited Financial Statements for the Period from 1 February 2023 to 31 December 2023

7

Loans and borrowings

Non-current loans and borrowings

2023
£

2023
£

Bank borrowings

8,940

12,491

Current loans and borrowings

2023
£

2023
£

Bank borrowings

3,977

4,964

Bank overdrafts

4,184

-

8,161

4,964

8

Related party transactions

Transactions with directors

2023

At 1 February 2023
£

Advances to director
£

Repayments by director
£

At 31 December 2023
£

Mr RP Davies

(4,200)

8,855

(2,288)

2,367