Uniform Answers Ltd
Registered number: 05898616
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 4 2,386 11,577
Current assets
Stocks 76,199 100,358
Debtors 5 11,185 16,385
Cash at bank and in hand 14,462 15,815
101,846 132,558
Creditors: amounts falling due within one year 6 (89,942) (98,608)
Net current assets 11,904 33,950
Total assets less current liabilities 14,290 45,527
Creditors: amounts falling due after more than one year 7 (7,000) (35,000)
Net assets 7,290 10,527
Capital and reserves
Called up share capital 1,000 1,000
Revaluation reserve 8 99,000 99,000
Profit and loss account (92,710) (89,473)
Shareholders' funds 7,290 10,527
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Christine Santry
Director
Approved by the board on 27 April 2025
Uniform Answers Ltd
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and fittings 20% straight line
Office equipment 33% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2024 35,000
At 31 January 2025 35,000
Amortisation
At 1 February 2024 35,000
At 31 January 2025 35,000
Net book value
At 31 January 2025 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Fittings & equipment
£
Cost
At 1 February 2024 62,825
Additions 1,824
At 31 January 2025 64,649
Depreciation
At 1 February 2024 51,248
Charge for the year 11,015
At 31 January 2025 62,263
Net book value
At 31 January 2025 2,386
At 31 January 2024 11,577
5 Debtors 2025 2024
£ £
Trade debtors 3,562 2,877
Other debtors 7,623 13,508
11,185 16,385
6 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 28,000 28,000
Trade creditors 13,168 23,831
Shareholders' loan account 36,138 35,118
Corporation tax 6,542 7,639
Other taxes and social security costs 2,359 1,173
Other creditors 3,735 2,847
89,942 98,608
7 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 7,000 35,000
8 Special reserve 2025 2024
£ £
At 1 February 2024 99,000 99,000
At 31 January 2025 99,000 99,000
9 Related party transactions
The following have made loans to the company, which are disclosed in note 6.
The balances outstanding on the loans are as follows:
2025 2024
£ £
C Santry 1 1,009
D Moffitt 36,137 34,109
The loans are repayable on demand.
10 Controlling party
The director owns 90% of the issued share capital.
11 Other information
Uniform Answers Ltd is a private company limited by shares and incorporated in England. Its registered office is:
50 Lansdown Road
Chalfont S.t Peter
Gerrards Cross
SL9 9SR
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