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REGISTERED NUMBER: 07099257 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024

FOR

UNIVENT SYSTEMS LTD

UNIVENT SYSTEMS LTD (REGISTERED NUMBER: 07099257)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30th June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UNIVENT SYSTEMS LTD

COMPANY INFORMATION
for the year ended 30th June 2024







DIRECTORS: B Conboy
J A Wheeler





REGISTERED OFFICE: Unit 2
Bryant Road
Bayton Road Ind. Est.
Exhall
Warwickshire
CV7 9EN





REGISTERED NUMBER: 07099257 (England and Wales)





ACCOUNTANTS: LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

UNIVENT SYSTEMS LTD (REGISTERED NUMBER: 07099257)

BALANCE SHEET
30th June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 494,303 548,621

CURRENT ASSETS
Stocks 59,598 88,504
Debtors 5 385,016 523,169
Cash at bank and in hand 8,140 78,261
452,754 689,934
CREDITORS
Amounts falling due within one year 6 463,614 636,315
NET CURRENT (LIABILITIES)/ASSETS (10,860 ) 53,619
TOTAL ASSETS LESS CURRENT
LIABILITIES

483,443

602,240

CREDITORS
Amounts falling due after more than one
year

7

82,452

202,387
NET ASSETS 400,991 399,853

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 400,891 399,753
400,991 399,853

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

UNIVENT SYSTEMS LTD (REGISTERED NUMBER: 07099257)

BALANCE SHEET - continued
30th June 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 24th February 2025 and were signed on its behalf by:





J A Wheeler - Director


UNIVENT SYSTEMS LTD (REGISTERED NUMBER: 07099257)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30th June 2024

1. STATUTORY INFORMATION

Univent Systems 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.

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.

Improvements to property - 10% reducing balance
Plant and machinery - 10% reducing balance
Fixtures and fittings - 10% reducing balance
Motor vehicles - 10% reducing balance
Computer equipment - 10% reducing balance

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.

UNIVENT SYSTEMS LTD (REGISTERED NUMBER: 07099257)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30th June 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.

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 12 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1st July 2023 220,498 70,897 263,544
Additions - - 387
Disposals - (5,375 ) -
At 30th June 2024 220,498 65,522 263,931
DEPRECIATION
At 1st July 2023 - 23,917 85,368
Charge for year - 4,623 17,856
Eliminated on disposal - (3,270 ) -
At 30th June 2024 - 25,270 103,224
NET BOOK VALUE
At 30th June 2024 220,498 40,252 160,707
At 30th June 2023 220,498 46,980 178,176

UNIVENT SYSTEMS LTD (REGISTERED NUMBER: 07099257)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30th June 2024

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st July 2023 3,840 105,392 17,961 682,132
Additions 932 - - 1,319
Disposals - (27,425 ) - (32,800 )
At 30th June 2024 4,772 77,967 17,961 650,651
DEPRECIATION
At 1st July 2023 1,795 17,366 5,065 133,511
Charge for year 266 8,229 1,290 32,264
Eliminated on disposal - (6,157 ) - (9,427 )
At 30th June 2024 2,061 19,438 6,355 156,348
NET BOOK VALUE
At 30th June 2024 2,711 58,529 11,606 494,303
At 30th June 2023 2,045 88,026 12,896 548,621

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st July 2023 182,167 102,153 9,498 293,818
Disposals - (27,425 ) - (27,425 )
At 30th June 2024 182,167 74,728 9,498 266,393
DEPRECIATION
At 1st July 2023 38,539 15,529 1,092 55,160
Charge for year 14,363 8,088 841 23,292
Eliminated on disposal - (6,157 ) - (6,157 )
At 30th June 2024 52,902 17,460 1,933 72,295
NET BOOK VALUE
At 30th June 2024 129,265 57,268 7,565 194,098
At 30th June 2023 143,628 86,624 8,406 238,658

UNIVENT SYSTEMS LTD (REGISTERED NUMBER: 07099257)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30th June 2024

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 196,942 187,661
Amounts owed by associates 13,777 178,749
Other debtors 22,153 22,033
Directors' loan accounts 63,324 63,324
VAT 18,837 -
Prepayments 3,611 5,030
318,644 456,797

Amounts falling due after more than one year:
S455 Tax Debtor 66,372 66,372

Aggregate amounts 385,016 523,169

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 74,561 73,219
Hire purchase contracts 40,574 49,628
Trade creditors 125,783 271,874
Amounts owed to associates 56,554 66,114
Tax 10,930 100
Social security and other taxes 4,000 1,977
Pension Payable 1,624 1,809
VAT - 27,529
Factoring account 129,220 85,486
Other creditors 13,368 12,079
Accruals and deferred income 7,000 46,500
463,614 636,315

The Company entered into an agreement with a Factoring company whereby the Company has assigned the accounts receivable to the Factor in exchange for cash advances.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 31,286 71,778
Bank loans - 2-5 years 5,483 36,999
Hire purchase contracts 45,683 93,610
82,452 202,387