Company registration number 07966950 (England and Wales)
UX247 LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 6 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
UX247 LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
UX247 LTD
BALANCE SHEET
AS AT
6 MARCH 2025
06 March 2025
- 1 -
06 March 2025
31 March 2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
-
0
9,828
Current assets
Debtors
5
19,583
157,280
Cash at bank and in hand
234,185
842,320
253,768
999,600
Creditors: amounts falling due within one year
6
(37,971)
(781,759)
Net current assets
215,797
217,841
Total assets less current liabilities
215,797
227,669
Creditors: amounts falling due after more than one year
7
-
0
(65,000)
Net assets
215,797
162,669
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
215,697
162,569
Total equity
215,797
162,669

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 6 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 15 March 2025 and are signed on its behalf by:
Mr P Blunden
Director
Company registration number 07966950 (England and Wales)
UX247 LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 6 MARCH 2025
- 2 -
1
Accounting policies
Company information

UX247 Ltd is a private company limited by shares incorporated in England and Wales. The registered office is C/O Craufurd Hale Group, Ground Floor, Arena Court, Crown Lane, MAIDENHEAD, SL6 8QZ.

1.1
Reporting period

The financial statements are being prepared for a short period to 06/03/2025. The company is being liquidated and the reporting period for the financial statements has been shortened to the date of liquidation. The financial statements for the year ending 31/03/2024 are for a 12 month period and as such the comparative information is not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion can be estimated reliably.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Computer equipment
Between two and four years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

UX247 LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 6 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans, are recognised at transaction price including transaction costs

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

UX247 LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 6 MARCH 2025
- 4 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
2024
Number
Number
Total
4
5
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024
20,725
Additions
1,527
Disposals
(22,252)
At 6 March 2025
-
0
Depreciation and impairment
At 1 April 2024
10,897
Depreciation charged in the period
5,228
Eliminated in respect of disposals
(16,125)
At 6 March 2025
-
0
Carrying amount
At 6 March 2025
-
0
At 31 March 2024
9,828
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
-
0
36,785
Other debtors
19,583
120,495
19,583
157,280
UX247 LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 6 MARCH 2025
- 5 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
(10)
78,511
Taxation and social security
37,981
57,261
Other creditors
-
0
645,987
37,971
781,759
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
65,000
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