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REGISTERED NUMBER: 03926059 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

UKOS LTD

UKOS LTD (REGISTERED NUMBER: 03926059)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5


UKOS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: I M Haywood
D Johnson
E Halldearn
S L Hughes





REGISTERED OFFICE: Unit 6 Grovelands
Boundary Way
Hemel Hempstead
Hertfordshire
HP2 7TE





REGISTERED NUMBER: 03926059 (England and Wales)





ACCOUNTANTS: Strathmore Accountants Limited
3rd Floor, Ivy Mill,
Crown Street,
Failsworth
Manchester
M35 9BG

UKOS LTD (REGISTERED NUMBER: 03926059)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2024

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the provision of office solutions.

REVIEW OF BUSINESS
During the year the company generated EBITDA of £165,665. The equivalent figures for earlier years were 2023: £107,582, 2022: £134,886, 2021: £92,319 and 2020: £92,847.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

I M Haywood
D Johnson

Other changes in directors holding office are as follows:

P J Gowing - resigned 30 April 2024
E Halldearn - appointed 1 May 2024

S L Hughes was appointed as a director after 31 December 2024 but prior to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





I M Haywood - Director


25 February 2025

UKOS LTD (REGISTERED NUMBER: 03926059)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £ £
FIXED ASSETS
Intangible assets 4 135,360 158,271
Tangible assets 5 257,034 296,910
392,394 455,181

CURRENT ASSETS
Stocks 447,759 475,210
Debtors 6 1,168,268 1,042,457
Cash at bank and in hand 291,311 243,827
1,907,338 1,761,494
CREDITORS
Amounts falling due within one year 7 (1,656,833 ) (1,545,864 )
NET CURRENT ASSETS 250,505 215,630
TOTAL ASSETS LESS CURRENT
LIABILITIES

642,899

670,811

CREDITORS
Amounts falling due after more than one
year

8

(104,082

)

(172,415

)
NET ASSETS 538,817 498,396

CAPITAL AND RESERVES
Called up share capital 724,500 724,500
Retained earnings (185,683 ) (226,104 )
SHAREHOLDERS' FUNDS 538,817 498,396

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

UKOS LTD (REGISTERED NUMBER: 03926059)

BALANCE SHEET - continued
31 DECEMBER 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by:





I M Haywood - Director


UKOS LTD (REGISTERED NUMBER: 03926059)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

UKOS Ltd is a private company, limited by shares , registered in England and 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.

Goodwill
Goodwill being the amounts paid in connection with the acquisition of a business in 2005.and further acquisitions in 2022 and 2023 is being amortised on a straight line basis over its useful economic life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - Straight line over various periods
Plant and machinery etc - Straight line over various periods

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

UKOS LTD (REGISTERED NUMBER: 03926059)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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 29 (2023 - 31 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£ £ £
COST
At 1 January 2024
and 31 December 2024 711,900 13,030 724,930
AMORTISATION
At 1 January 2024 565,573 1,086 566,659
Charge for year 20,740 2,171 22,911
At 31 December 2024 586,313 3,257 589,570
NET BOOK VALUE
At 31 December 2024 125,587 9,773 135,360
At 31 December 2023 146,327 11,944 158,271

UKOS LTD (REGISTERED NUMBER: 03926059)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 January 2024 41,281 443,797 485,078
Additions - 3,703 3,703
At 31 December 2024 41,281 447,500 488,781
DEPRECIATION
At 1 January 2024 24,137 164,031 188,168
Charge for year 5,372 38,207 43,579
At 31 December 2024 29,509 202,238 231,747
NET BOOK VALUE
At 31 December 2024 11,772 245,262 257,034
At 31 December 2023 17,144 279,766 296,910

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£
COST
At 1 January 2024
and 31 December 2024 109,468
DEPRECIATION
At 1 January 2024 12,771
Charge for year 10,947
At 31 December 2024 23,718
NET BOOK VALUE
At 31 December 2024 85,750
At 31 December 2023 96,697

6. DEBTORS
2024 2023
£ £
Amounts falling due within one year:
Trade debtors 1,014,256 867,567
Other debtors 90,277 109,011
Prepayments and accrued income 26,173 28,317
1,130,706 1,004,895

UKOS LTD (REGISTERED NUMBER: 03926059)

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

6. DEBTORS - continued
2024 2023
£ £
Amounts falling due after more than one year:
Other debtors 37,562 37,562

Aggregate amounts 1,168,268 1,042,457

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 469,658 511,945
Hire purchase contracts 18,333 18,333
Trade creditors 671,700 707,626
Tax 5,571 (8,279 )
Social security and other taxes 18,068 17,332
VAT 146,953 103,648
Other creditors 101,668 54,463
Accrued expenses 224,882 140,796
1,656,833 1,545,864

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans - 1-2 years 50,000 50,000
Bank loans - 2-5 years 9,167 59,167
Hire purchase contracts 44,915 63,248
104,082 172,415