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REGISTERED NUMBER: 09371140 (Wales)















UNIVERSAL RESOURCE TRADING LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024






UNIVERSAL RESOURCE TRADING LIMITED (REGISTERED NUMBER: 09371140)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UNIVERSAL RESOURCE TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTORS: M J McLeod
B Glazier





REGISTERED OFFICE: Unit 24
Sir Alfred Owen Way
Pontygwindy Industrial Estate
Caerphilly
CF83 3HU





REGISTERED NUMBER: 09371140 (Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

UNIVERSAL RESOURCE TRADING LIMITED (REGISTERED NUMBER: 09371140)

BALANCE SHEET
31ST MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 711,174 727,462

CURRENT ASSETS
Debtors 5 217,860 91,269
Cash at bank and in hand 275,445 40,280
493,305 131,549
CREDITORS
Amounts falling due within one year 6 667,403 212,537
NET CURRENT LIABILITIES (174,098 ) (80,988 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

537,076

646,474

CREDITORS
Amounts falling due after more than one
year

7

(317,828

)

(365,280

)

PROVISIONS FOR LIABILITIES (29,100 ) (24,994 )
NET ASSETS 190,148 256,200

UNIVERSAL RESOURCE TRADING LIMITED (REGISTERED NUMBER: 09371140)

BALANCE SHEET - continued
31ST MAY 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 8 100 100
Share premium 2,490 2,490
Retained earnings 187,558 253,610
SHAREHOLDERS' FUNDS 190,148 256,200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th February 2025 and were signed on its behalf by:





M J McLeod - Director


UNIVERSAL RESOURCE TRADING LIMITED (REGISTERED NUMBER: 09371140)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024

1. STATUTORY INFORMATION

Universal Resource Trading Limited is a private company, limited by shares , registered in Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

UNIVERSAL RESOURCE TRADING LIMITED (REGISTERED NUMBER: 09371140)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1st June 2023 594,774 113,165 58,136
Additions - 13,135 1,159
Disposals - (390 ) (1,041 )
At 31st May 2024 594,774 125,910 58,254
DEPRECIATION
At 1st June 2023 - 46,767 27,910
Charge for year - 14,875 6,030
Eliminated on disposal - (227 ) (818 )
At 31st May 2024 - 61,415 33,122
NET BOOK VALUE
At 31st May 2024 594,774 64,495 25,132
At 31st May 2023 594,774 66,398 30,226

UNIVERSAL RESOURCE TRADING LIMITED (REGISTERED NUMBER: 09371140)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st June 2023 66,740 12,001 844,816
Additions - 2,444 16,738
Disposals (6,495 ) - (7,926 )
At 31st May 2024 60,245 14,445 853,628
DEPRECIATION
At 1st June 2023 34,182 8,495 117,354
Charge for year 7,612 2,011 30,528
Eliminated on disposal (4,383 ) - (5,428 )
At 31st May 2024 37,411 10,506 142,454
NET BOOK VALUE
At 31st May 2024 22,834 3,939 711,174
At 31st May 2023 32,558 3,506 727,462

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 163,422 42,029
Other debtors 9,697 7,056
Directors' current accounts - 4,251
Prepayments 44,741 37,933
217,860 91,269

UNIVERSAL RESOURCE TRADING LIMITED (REGISTERED NUMBER: 09371140)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 47,991 47,271
Trade creditors 122,119 82,683
Amounts owed to group undertakings 3,300 -
Corporation Tax 65,250 43,462
Social security and other taxes 18,919 11,221
VAT 45,770 8,448
Other creditors 90,474 2,951
Directors' current accounts 31,289 -
Accrued expenses 242,291 16,501
667,403 212,537

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans more than 1 year 317,828 365,280

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
51 Ordinary A £1 51 51
39 Ordinary B £1 39 39
10 Ordinary C £1 10 10
100 100

9. RELATED PARTY DISCLOSURES

At 31 May 2024 the director M J Mcleod was owed £11,635 (2023: £1,796 debtor).

At 31 May 2024 the director B Glazier was owed £19,654 (2023: £2,455 debtor).