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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
Page
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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
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Universal Industrial Spraying Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
60,000 
64,000 
Tangible assets
2,147 
2,618 
62,147 
66,618 
Current assets
Inventories
12,250 
14,250 
Debtors
27,393 
47,492 
Cash at bank and in hand
400,094 
357,927 
439,737 
419,669 
Creditors: amounts falling due within one year
(51,136)
(43,091)
Net current assets
388,601 
376,578 
Net assets
450,748 
443,196 
Capital and reserves
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
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Universal Industrial Spraying Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
100,000 
At 31 March 2024
100,000 
Amortisation
At 1 April 2023
36,000 
Charge for the year
4,000 
At 31 March 2024
40,000 
Net book value
At 31 March 2024
60,000 
At 31 March 2023
64,000 
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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 
Depreciation
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 
Net book value
At 31 March 2024
2,147 
- 
2,147 
At 31 March 2023
2,618 
- 
2,618 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
26,354 
46,455 
Accrued income and prepayments
1,039 
1,037 
27,393 
47,492 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
7,671 
8,058 
Trade creditors
24,417 
14,417 
Taxes and social security
13,655 
11,343 
Loans from directors
198 
3,634 
Accruals
5,195 
5,639 
51,136 
43,091 
8
Average number of employees
During the year the average number of employees was 6 (2023: 5).
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