Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 02017628 Mr Phillip Brown Mrs Brenda Brown Mrs Patricia Paveley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02017628 2023-12-31 02017628 2024-12-31 02017628 2024-01-01 2024-12-31 02017628 frs-core:Non-currentFinancialInstruments 2024-12-31 02017628 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 02017628 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02017628 frs-core:MotorVehicles 2024-01-01 2024-12-31 02017628 frs-core:PlantMachinery 2024-01-01 2024-12-31 02017628 frs-core:RevaluationReserve 2023-12-31 02017628 frs-core:RevaluationReserve 2024-12-31 02017628 frs-core:ShareCapital 2024-12-31 02017628 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 02017628 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02017628 frs-bus:AbridgedAccounts 2024-01-01 2024-12-31 02017628 frs-bus:SmallEntities 2024-01-01 2024-12-31 02017628 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 02017628 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 02017628 frs-bus:Director1 2024-01-01 2024-12-31 02017628 frs-bus:Director1 2023-12-31 02017628 frs-bus:Director1 2024-12-31 02017628 frs-bus:Director2 2024-01-01 2024-12-31 02017628 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 02017628 frs-countries:EnglandWales 2024-01-01 2024-12-31 02017628 2022-12-31 02017628 2023-12-31 02017628 2023-01-01 2023-12-31 02017628 frs-core:Non-currentFinancialInstruments 2023-12-31 02017628 frs-core:BetweenOneFiveYears 2023-12-31 02017628 frs-core:RevaluationReserve 2023-12-31 02017628 frs-core:ShareCapital 2023-12-31 02017628 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 02017628
Universal Engine Power Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 02017628
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 764,742 772,038
764,742 772,038
CURRENT ASSETS
Stocks 636,074 967,954
Debtors 274,799 277,094
Cash at bank and in hand 1,092,046 689,668
2,002,919 1,934,716
Creditors: Amounts Falling Due Within One Year (461,909 ) (439,935 )
NET CURRENT ASSETS (LIABILITIES) 1,541,010 1,494,781
TOTAL ASSETS LESS CURRENT LIABILITIES 2,305,752 2,266,819
Creditors: Amounts Falling Due After More Than One Year - (7,111 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (87,978 ) (87,978 )
NET ASSETS 2,217,774 2,171,730
CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Revaluation reserve 8 439,889 439,889
Profit and Loss Account 1,776,885 1,730,841
SHAREHOLDERS' FUNDS 2,217,774 2,171,730
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For the year ending 31 December 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Phillip Brown
Director
20 March 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Universal Engine Power Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02017628 . The registered office is 925 Finchley Road, London, NW11 7PE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. 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 of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold not depreciated
Leasehold 15% reducing balance basis
Plant & Machinery 25% reducing balance basis
Motor Vehicles 20% straight line basis
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2023: 15)
14 15
4. Tangible Assets
Total
£
Cost
As at 1 January 2024 959,522
Additions 5,284
As at 31 December 2024 964,806
Depreciation
As at 1 January 2024 187,484
Provided during the period 12,580
As at 31 December 2024 200,064
Net Book Value
As at 31 December 2024 764,742
As at 1 January 2024 772,038
5. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years - 7,111
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
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7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Phillip Brown 3,016 - 2,094 - 922
The above loan is unsecured, interest is charged @ 2.5% per annum and is repayable on demand.
8. Reserves
Revaluation Reserve
£
As at 1 January 2024 439,889
As at 31 December 2024 439,889
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