Company Registration No. NI623754 (Northern Ireland)
Universal Industrial Spraying Limited
Unaudited accounts
for the year ended 31 March 2024
Universal Industrial Spraying Limited
Unaudited accounts
Contents
Universal Industrial Spraying Limited
Company Information
for the year ended 31 March 2024
Director
Mr Mr John McParland
Company Number
NI623754 (Northern Ireland)
Registered Office
65 EGLANTINE AVENUE
BELFAST
BT9 6EW
Accountants
H Downey and Company
Incorporated Financial Accountants
65 Eglantine Avenue
Belfast
Antrim
BT9 6EW
Universal Industrial Spraying Limited
Statement of financial position
as at 31 March 2024
Intangible assets
60,000
64,000
Tangible assets
2,147
2,618
Cash at bank and in hand
400,094
357,927
Creditors: amounts falling due within one year
(51,136)
(43,091)
Net current assets
388,601
376,578
Net assets
450,748
443,196
Called up share capital
2
2
Profit and loss account
450,746
443,194
Shareholders' funds
450,748
443,196
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 March 2025 and were signed on its behalf by
Mr Mr John McParland
Director
Company Registration No. NI623754
Universal Industrial Spraying Limited
Notes to the Accounts
for the year ended 31 March 2024
Universal Industrial Spraying Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI623754. The registered office is 65 EGLANTINE AVENUE, BELFAST, BT9 6EW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Universal Industrial Spraying Limited
Notes to the Accounts
for the year ended 31 March 2024
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2023
12,966
1,102
14,068
At 31 March 2024
12,966
1,102
14,068
At 1 April 2023
10,348
1,102
11,450
Charge for the year
471
-
471
At 31 March 2024
10,819
1,102
11,921
At 31 March 2024
2,147
-
2,147
At 31 March 2023
2,618
-
2,618
Amounts falling due within one year
Trade debtors
26,354
46,455
Accrued income and prepayments
1,039
1,037
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
24,417
14,417
Taxes and social security
13,655
11,343
Loans from directors
198
3,634
8
Average number of employees
During the year the average number of employees was 6 (2023: 5).