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Registration number: 2096672

Universal Access and Power Plant Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Universal Access and Power Plant Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Universal Access and Power Plant Limited

(Registration number: 2096672)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

93,729

90,065

Current assets

 

Stocks

5

31,092

38,571

Debtors

6

104,150

73,613

Cash at bank and in hand

 

94,002

114,831

 

229,244

227,015

Creditors: Amounts falling due within one year

7

(183,760)

(169,266)

Net current assets

 

45,484

57,749

Total assets less current liabilities

 

139,213

147,814

Creditors: Amounts falling due after more than one year

7

(9,690)

(20,032)

Provisions for liabilities

(17,570)

(14,363)

Net assets

 

111,953

113,419

Capital and reserves

 

Called up share capital

8

54

54

Capital redemption reserve

50

50

Retained earnings

111,849

113,315

Shareholders' funds

 

111,953

113,419

 

Universal Access and Power Plant Limited

(Registration number: 2096672)
Balance Sheet as at 31 July 2024

For the financial year ending 31 July 2024 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 year 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 and 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 12 March 2025 and signed on its behalf by:
 

.........................................
W Davie
Director

 

Universal Access and Power Plant Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

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

The address of its registered office is:
14 Pony Road
Horspath Industrial Estate
Oxford
OX4 2RD

These financial statements were authorised for issue by the Board on 12 March 2025.

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

Revenue recognition

Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the hire and sale of goods and services falling within the company's ordinary activities.

Government grants

Government grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

Tax

Provision is made for deferred taxation using the liability method to take account of timing differences between the incidence of income and expenditure for taxation and accounting purposes except to the extent that the directors consider that a liability to taxation is unlikely to materialise.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

 

Universal Access and Power Plant Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

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

Leasehold properties

Straight line over the life of the lease

Plant and machinery

10% straight line

Fixtures, fittings and equipment

10% straight line

Motor vehicles

20% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

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.

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.

Defined contribution pension obligation

The pension costs charged in the financial statement represent the contribution payable by the company during the year.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 6).

 

Universal Access and Power Plant Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Tangible assets

Short leasehold land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2023

4,962

124,558

420,716

59,454

609,690

Additions

-

324

21,086

-

21,410

At 31 July 2024

4,962

124,882

441,802

59,454

631,100

Depreciation

At 1 August 2023

4,961

122,968

343,636

48,060

519,625

Charge for the year

-

804

13,144

3,798

17,746

At 31 July 2024

4,961

123,772

356,780

51,858

537,371

Carrying amount

At 31 July 2024

1

1,110

85,022

7,596

93,729

At 31 July 2023

1

1,590

77,080

11,394

90,065

 

Universal Access and Power Plant Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

5

Stocks

2024
£

2023
£

Other inventories

31,092

38,571

6

Debtors

2024
£

2023
£

Trade debtors

98,483

67,946

Prepayments

5,667

5,667

104,150

73,613

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

10,208

9,933

Trade creditors

 

56,503

52,553

Taxation and social security

 

46,792

36,775

Accruals and deferred income

 

66,045

65,715

Other creditors

 

4,212

4,290

 

183,760

169,266

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

9,690

20,032

 

Universal Access and Power Plant Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share of £1 each

50

50

50

50

Ordinary A share of £1 each

4

4

4

4

54

54

54

54

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

9,690

20,032

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,208

9,933

10

Dividends

Interim dividends paid

   

2024
£

 

2023
£

Interim dividend of £900.00 (2023 - £1,000.00) per each Ordinary share

 

45,000

 

50,000

Interim dividend of £11,250.00 (2023 - £12,500.00) per each Ordinary A share

 

45,000

 

50,000

   

90,000

 

100,000