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REGISTERED NUMBER: 06203185 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 29 MARCH 2023 TO 27 MARCH 2024

FOR

UNIELECTRONICS LTD

UNIELECTRONICS LTD (REGISTERED NUMBER: 06203185)






CONTENTS OF THE FINANCIAL STATEMENTS
for the period 29 March 2023 to 27 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UNIELECTRONICS LTD

COMPANY INFORMATION
for the period 29 March 2023 to 27 March 2024







DIRECTORS: Z Gao
Mrs X Li



REGISTERED OFFICE: 6140 Knights Court
Birmingham Business Park
Solihull Parkway
Solihull
West Midlands
B37 7WY



REGISTERED NUMBER: 06203185 (England and Wales)



BANKERS: HSBC
34 Poplar Road
Solihull
West Midlands
B91 3AF

UNIELECTRONICS LTD (REGISTERED NUMBER: 06203185)

BALANCE SHEET
27 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 856,213 890,433

CURRENT ASSETS
Stocks 1,811,550 1,827,368
Debtors 5 15,821,028 19,853,401
Cash at bank 45,991 24,572
17,678,569 21,705,341
CREDITORS
Amounts falling due within one year 6 14,386,068 16,622,658
NET CURRENT ASSETS 3,292,501 5,082,683
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,148,714

5,973,116

CREDITORS
Amounts falling due after more than one year 7 (3,283,642 ) (5,161,336 )

PROVISIONS FOR LIABILITIES (32,885 ) (39,399 )
NET ASSETS 832,187 772,381

CAPITAL AND RESERVES
Called up share capital 25,000 25,000
Retained earnings 807,187 747,381
832,187 772,381

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 March 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.

UNIELECTRONICS LTD (REGISTERED NUMBER: 06203185)

BALANCE SHEET - continued
27 March 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 27 March 2025 and were signed on its behalf by:





Z Gao - Director


UNIELECTRONICS LTD (REGISTERED NUMBER: 06203185)

NOTES TO THE FINANCIAL STATEMENTS
for the period 29 March 2023 to 27 March 2024

1. STATUTORY INFORMATION

Unielectronics Ltd 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.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

The accounts include transactions up until and including the 31 March 2024.

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

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.
Freehold buildings - nil
Plant & machinery - 25% on reducing balance
Fixtures & fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Taxation
Taxation for the period 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.


UNIELECTRONICS LTD (REGISTERED NUMBER: 06203185)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 29 March 2023 to 27 March 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 period 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.

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 period was 7 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant & Fixtures
buildings machinery & fittings
£    £    £   
COST
At 29 March 2023 717,018 75,836 276,098
Additions - - -
At 27 March 2024 717,018 75,836 276,098
DEPRECIATION
At 29 March 2023 - 62,526 150,803
Charge for period - 3,328 25,837
At 27 March 2024 - 65,854 176,640
NET BOOK VALUE
At 27 March 2024 717,018 9,982 99,458
At 28 March 2023 717,018 13,310 125,295

UNIELECTRONICS LTD (REGISTERED NUMBER: 06203185)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 29 March 2023 to 27 March 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 29 March 2023 2,179 150,032 1,221,163
Additions - 3,998 3,998
At 27 March 2024 2,179 154,030 1,225,161
DEPRECIATION
At 29 March 2023 2,158 115,243 330,730
Charge for period 5 9,048 38,218
At 27 March 2024 2,163 124,291 368,948
NET BOOK VALUE
At 27 March 2024 16 29,739 856,213
At 28 March 2023 21 34,789 890,433

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant & Fixtures
machinery & fittings Totals
£    £    £   
COST
At 29 March 2023 4,185 141,330 145,515
Transfer to ownership (4,185 ) - (4,185 )
At 27 March 2024 - 141,330 141,330
DEPRECIATION
At 29 March 2023 2,804 28,478 31,282
Charge for period - 22,726 22,726
Transfer to ownership (2,804 ) - (2,804 )
At 27 March 2024 - 51,204 51,204
NET BOOK VALUE
At 27 March 2024 - 90,126 90,126
At 28 March 2023 1,381 112,852 114,233

UNIELECTRONICS LTD (REGISTERED NUMBER: 06203185)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 29 March 2023 to 27 March 2024

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 4,983 11,019
Other debtors 15,801,045 19,827,382
15,806,028 19,838,401

Amounts falling due after more than one year:
Other debtors 15,000 15,000

Aggregate amounts 15,821,028 19,853,401

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 352,894 315,967
Hire purchase contracts (see note 8) 19,306 19,306
Trade creditors 4,883,877 5,459,211
Taxation and social security 315,534 507,383
Other creditors 8,814,457 10,320,791
14,386,068 16,622,658

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 393,251 393,829
Hire purchase contracts (see note 8) 63,899 83,205
Other creditors 2,826,492 4,684,302
3,283,642 5,161,336

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - more than 5 years 266,631 301,221

UNIELECTRONICS LTD (REGISTERED NUMBER: 06203185)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 29 March 2023 to 27 March 2024

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 19,306 19,306
Between one and five years 63,899 83,205
83,205 102,511

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 523,458 512,698
Hire purchase contracts 83,205 102,511
606,663 615,209

HSBC UK Bank PLC holds fixed and floating charges over the freehold property.

10. PENSION COMMITMENTS

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year. The amount outstanding at the year end was £551 (2023: £396).