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REGISTERED NUMBER: 01554448 (England and Wales)











Universal Instrument Services Limited

Report of the Director and

Unaudited Financial Statements

for the Year Ended 30 September 2024






Universal Instrument Services Limited (Registered number: 01554448)

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Company Information 1

Report of the Director 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Universal Instrument Services Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Ms H Horn





SECRETARY: W B Kendall





REGISTERED OFFICE: 6 Charter Point Way
Ashby Park
Ashby de la Zouch
Leicestershire
LE65 1NF





REGISTERED NUMBER: 01554448 (England and Wales)





ACCOUNTANTS: Haines Watts
Sterling House
97 Lichfield Street
Tamworth
Staffordshire
B79 7QF

Universal Instrument Services Limited (Registered number: 01554448)

Report of the Director
for the Year Ended 30 September 2024


The director presents her report with the financial statements of the company for the year ended 30 September 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of selling, repairing and calibrating scientific and electrical equipment.

DIVIDENDS
No interim dividend was paid during the year. The director recommends a final dividend of £21 per share.

The total distribution of dividends for the year ended 30 September 2024 will be £ 210,000 .

DIRECTOR
Ms H Horn held office during the whole of the period from 1 October 2023 to the date of this report.

DIRECTOR'S RESPONSIBILITIES STATEMENT
The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless she is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable her to ensure that the financial statements comply with the Companies Act 2006. She is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ON BEHALF OF THE BOARD:





Ms H Horn - Director


19 March 2025

Universal Instrument Services Limited (Registered number: 01554448)

Statement of Financial Position
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 745,715 778,465

CURRENT ASSETS
Stocks 1,556 1,349
Debtors 6 1,584,442 1,686,547
Cash at bank and in hand 182,553 147,795
1,768,551 1,835,691
CREDITORS
Amounts falling due within one year 7 533,505 596,622
NET CURRENT ASSETS 1,235,046 1,239,069
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,980,761

2,017,534

CREDITORS
Amounts falling due after more than one year 8 (41,667 ) (178,974 )

PROVISIONS FOR LIABILITIES (55,183 ) (50,327 )
NET ASSETS 1,883,911 1,788,233

CAPITAL AND RESERVES
Called up share capital 12 10,167 10,167
Share premium 1,234 1,234
Retained earnings 1,872,510 1,776,832
SHAREHOLDERS' FUNDS 1,883,911 1,788,233

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Instrument Services Limited (Registered number: 01554448)

Statement of Financial Position - continued
30 September 2024


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 director and authorised for issue on 19 March 2025 and were signed by:





Ms H Horn - Director


Universal Instrument Services Limited (Registered number: 01554448)

Notes to the Financial Statements
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

Universal Instrument Services 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis which assumes that the company will continue to operate for the foreseeable future. Forecasts and cash flow projections indicate the company has sufficient reserves to continue to trade for a period of no less than 12 months from the date of signing these accounts. The directors believe that careful cashflow considerations and use of mitigating actions available, is sufficient upon which to adopt the going concern basis.

Turnover
Turnover represents net invoiced sale of goods, excluding VAT having regard to the fulfilment of contractual obligations.

Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery25% on written down value
Computer equipment20% - 50% per annum on cost
Fixtures, fittings and equipment10% - 20% per annum on cost
Motor vehicles25% per annum on cost

Stocks
Stock is valued at the lower of cost and net realisable value.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 Instrument Services Limited (Registered number: 01554448)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


3. 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 24 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 1,994,375
Additions 95,468
Disposals (854 )
At 30 September 2024 2,088,989
DEPRECIATION
At 1 October 2023 1,215,910
Charge for year 127,910
Eliminated on disposal (546 )
At 30 September 2024 1,343,274
NET BOOK VALUE
At 30 September 2024 745,715
At 30 September 2023 778,465

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 402,308 433,652
Amounts owed by group undertakings 953,423 949,626
Other debtors 228,711 303,269
1,584,442 1,686,547

Universal Instrument Services Limited (Registered number: 01554448)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 155,277 125,618
Hire purchase contracts (see note 10) 12,307 49,966
Trade creditors 129,096 173,916
Taxation and social security 197,278 182,265
Other creditors 39,547 64,857
533,505 596,622

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 9) 41,667 166,667
Hire purchase contracts (see note 10) - 12,307
41,667 178,974

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 30,277 618
Bank loans 125,000 125,000
155,277 125,618

Amounts falling due between one and two years:
Bank loans - 1-2 years 41,667 125,000

Amounts falling due between two and five years:
Bank loans - 2-5 years - 41,667

Included within bank loans are loans which have been taken under the coronavirus business interruption loan scheme (CBILS). The government guarantees 80% of the finance to the lender and pays interest and fees for the first 12 months after which an agreed rate of interest over base will be applied for the duration of the agreed repayment term.

Universal Instrument Services Limited (Registered number: 01554448)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 12,307 49,966
Between one and five years - 12,307
12,307 62,273

Non-cancellable operating leases
2024 2023
£    £   
Within one year 38,000 38,000
Between one and five years 152,000 152,000
In more than five years 9,500 47,500
199,500 237,500

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 30,277 618
Hire purchase contracts 12,307 62,273
42,584 62,891

Bank loans and overdrafts are secured by way of a fixed and floating charge over the assets of the company.

Hire purchase contracts are secured by the assets to which they relate.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,167 Ordinary £1 10,167 10,167

13. CONTINGENT LIABILITIES

An unlimited guarantee between the subsidiary, Universal Instrument Services Ltd and its parent, Tristram Holdings Ltd (and vice versa) has been given to Santander UK Plc in respect of bank overdrafts and loans across both companies.

Universal Instrument Services Limited (Registered number: 01554448)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


14. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
Ms H Horn
Balance outstanding at start of year 196,716 265,015
Amounts advanced 137,766 141,701
Amounts repaid (210,000 ) (210,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 124,482 196,716

15. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

16. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Tristram Holdings Limited, a company incorporated in England & Wales.