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REGISTERED NUMBER: 03777714 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30th September 2024

for

U.G.A. Limited

U.G.A. Limited (Registered number: 03777714)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


U.G.A. Limited

Company Information
for the Year Ended 30th September 2024







DIRECTORS: K Wilson
Mrs E R Wilson





SECRETARY: Mrs E R Wilson





REGISTERED OFFICE: c/o Londis
91-93 King Street
Drighlington
Bradford
West Yorkshire
BD11 1EJ





REGISTERED NUMBER: 03777714 (England and Wales)

U.G.A. Limited (Registered number: 03777714)

Balance Sheet
30th September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 507,161 577,985
Investments 6 1,167,731 1,167,731
1,674,892 1,745,716

CURRENT ASSETS
Stocks 240,000 215,000
Debtors 7 130,600 129,408
Cash at bank and in hand 51,144 25,323
421,744 369,731
CREDITORS
Amounts falling due within one year 8 932,697 670,953
NET CURRENT LIABILITIES (510,953 ) (301,222 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,163,939

1,444,494

CREDITORS
Amounts falling due after more than one
year

9

(1,128,701

)

(1,390,353

)

PROVISIONS FOR LIABILITIES - (26,362 )
NET ASSETS 35,238 27,779

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 35,138 27,679
SHAREHOLDERS' FUNDS 35,238 27,779

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

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

The directors acknowledge their 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.

U.G.A. Limited (Registered number: 03777714)

Balance Sheet - continued
30th 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 Board of Directors and authorised for issue on 21st March 2025 and were signed on its behalf by:





K Wilson - Director


U.G.A. Limited (Registered number: 03777714)

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

1. STATUTORY INFORMATION

U.G.A. 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. ACCOUNTING POLICIES

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

Preparation of consolidated financial statements
The financial statements contain information about U.G.A. Limited as an individual Company and do not contain consolidated financial information as the parent of a group. The Company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - Amortised over Period of the Lease
Plant and machinery - 20% on Reducing Balance and 10% Straight Line Basis
Fixtures and fittings - 20% on Reducing Balance, 20% Straight Line Basis and 10% Straight Line Basis
Motor vehicles - 25% on Reducing Balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are recognised at amortised cost with changes recognised in the income statement.

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 balance sheet date.

U.G.A. Limited (Registered number: 03777714)

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

2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2023 - 28 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st October 2023
and 30th September 2024 10,550
AMORTISATION
At 1st October 2023
and 30th September 2024 10,550
NET BOOK VALUE
At 30th September 2024 -
At 30th September 2023 -

U.G.A. Limited (Registered number: 03777714)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st October 2023 16,342 1,077,403 1,093,745
Additions - 36,110 36,110
Disposals - (69,562 ) (69,562 )
At 30th September 2024 16,342 1,043,951 1,060,293
DEPRECIATION
At 1st October 2023 5,912 509,848 515,760
Charge for year 985 105,949 106,934
Eliminated on disposal - (69,562 ) (69,562 )
At 30th September 2024 6,897 546,235 553,132
NET BOOK VALUE
At 30th September 2024 9,445 497,716 507,161
At 30th September 2023 10,430 567,555 577,985

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st October 2023 64,805
Additions 31,568
At 30th September 2024 96,373
DEPRECIATION
At 1st October 2023 24,230
Charge for year 18,035
At 30th September 2024 42,265
NET BOOK VALUE
At 30th September 2024 54,108
At 30th September 2023 40,575

U.G.A. Limited (Registered number: 03777714)

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

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st October 2023
and 30th September 2024 1,167,731
NET BOOK VALUE
At 30th September 2024 1,167,731
At 30th September 2023 1,167,731

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 130,600 129,408

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 61,365 75,571
Hire purchase contracts 23,595 14,930
Trade creditors 386,936 168,422
Taxation and social security 28,097 3,678
Other creditors 432,704 408,352
932,697 670,953

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 6,667 66,946
Hire purchase contracts 30,403 29,397
Amounts owed to group undertakings 391,631 614,010
Other creditors 700,000 680,000
1,128,701 1,390,353

10. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Hire purchase contracts 53,998 44,327

U.G.A. Limited (Registered number: 03777714)

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

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
100 Ordinary £1 100 100