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REGISTERED NUMBER: 04345655 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

UNIVERSAL ENVELOPE MACHINERY LIMITED

UNIVERSAL ENVELOPE MACHINERY LIMITED (REGISTERED NUMBER: 04345655)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UNIVERSAL ENVELOPE MACHINERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTORS: Mrs Caroline Lesley Whitehead
Mr Gavin Edward Whitehead





SECRETARY: Mrs Caroline Lesley Whitehead





REGISTERED OFFICE: Springbeck
Tunstall
Richmond
North Yorkshire
DL10 7QN





REGISTERED NUMBER: 04345655 (England and Wales)





ACCOUNTANTS: Syers McGill
9 Kerry Street
Horsforth
Leeds
West Yorkshire
LS18 4AW

UNIVERSAL ENVELOPE MACHINERY LIMITED (REGISTERED NUMBER: 04345655)

BALANCE SHEET
31 DECEMBER 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,409 2,711

CURRENT ASSETS
Stocks 16,500 13,500
Debtors 5 207,998 230,867
Cash at bank 35,687 43,058
260,185 287,425
CREDITORS
Amounts falling due within one year 6 253,307 285,375
NET CURRENT ASSETS 6,878 2,050
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,287

4,761

CREDITORS
Amounts falling due after more than one
year

7

(25,198

)

(34,844

)

PROVISIONS FOR LIABILITIES 9 (1,103 ) (679 )
NET LIABILITIES (15,014 ) (30,762 )

CAPITAL AND RESERVES
Called up share capital 10 10 10
Retained earnings 11 (15,024 ) (30,772 )
SHAREHOLDERS' FUNDS (15,014 ) (30,762 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

UNIVERSAL ENVELOPE MACHINERY LIMITED (REGISTERED NUMBER: 04345655)

BALANCE SHEET - continued
31 DECEMBER 2022


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 30 January 2025 and were signed on its behalf by:





Mr Gavin Edward Whitehead - Director


UNIVERSAL ENVELOPE MACHINERY LIMITED (REGISTERED NUMBER: 04345655)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022


1. STATUTORY INFORMATION

Universal Envelope Machinery Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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.

UNIVERSAL ENVELOPE MACHINERY LIMITED (REGISTERED NUMBER: 04345655)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


2. ACCOUNTING POLICIES - continued

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2022 7,893 46,533 54,426
Additions - 4,374 4,374
At 31 December 2022 7,893 50,907 58,800
DEPRECIATION
At 1 January 2022 7,400 44,315 51,715
Charge for year 74 2,602 2,676
At 31 December 2022 7,474 46,917 54,391
NET BOOK VALUE
At 31 December 2022 419 3,990 4,409
At 31 December 2021 493 2,218 2,711

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 97,161 154,001
Other debtors 39,835 39,034
Directors' current accounts 71,002 37,832
207,998 230,867

UNIVERSAL ENVELOPE MACHINERY LIMITED (REGISTERED NUMBER: 04345655)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 122,069 85,062
Trade creditors 55,445 89,477
Tax 50,358 45,648
Social security and other taxes 8,014 40,924
Other creditors and accruals 17,421 24,264
253,307 285,375

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Bank loans 25,198 34,844

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.22 31.12.21
£    £   
Bank overdrafts 112,426 75,419
Bank loans 34,841 44,487
147,267 119,906

The bank loans and overdraft are secured over the company and its assets.

9. PROVISIONS FOR LIABILITIES
31.12.22 31.12.21
£    £   
Deferred tax 1,103 679

Deferred
tax
£   
Balance at 1 January 2022 679
Charge to the income statement 424
during year
Balance at 31 December 2022 1,103

UNIVERSAL ENVELOPE MACHINERY LIMITED (REGISTERED NUMBER: 04345655)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.22 31.12.21
value: £    £   
3 A Ordinary £3 3 3
3 B Ordinary £3 3 3
1 C Ordinary £1 1 1
1 D Ordinary £1 1 1
2 E Ordinary £1 2 2
10 10

11. RESERVES
Retained
earnings
£   

At 1 January 2022 (30,772 )
Profit for the year 15,748
At 31 December 2022 (15,024 )

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Mr G Whitehead is a director of the company.

At the year end, Mr G Whitehead owed the company £71,002 (2021: £37,832). Interest was charged at the official rate.

13. ULTIMATE CONTROLLING PARTY

The directors consider there to be no ultimate controlling party.