Company registration number 08953801 (England and Wales)
UNICOURSE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
UNICOURSE LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
UNICOURSE LTD
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
37,739
67,971
Current assets
Debtors
5
709,235
416,818
Cash at bank and in hand
4,525
10,923
713,760
427,741
Creditors: amounts falling due within one year
6
(315,733)
(504,467)
Net current assets/(liabilities)
398,027
(76,726)
Total assets less current liabilities
435,766
(8,755)
Creditors: amounts falling due after more than one year
7
(13,793)
(23,072)
Provisions for liabilities
-
0
(7,557)
Net assets/(liabilities)
421,973
(39,384)
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
421,873
(39,484)
Total equity
421,973
(39,384)
UNICOURSE LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 2 -

For the financial year ended 31 March 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 28 April 2025 and are signed on its behalf by:
M Lopez
Director
Company registration number 08953801 (England and Wales)
UNICOURSE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information

UniCourse Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 1 Old Hall Street, Liverpool, Merseyside, L3 9HG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. trueNoting that the organisations structure changed to not for profit post year end. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
25% Straight Line
Motor vehicles
25% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

UNICOURSE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Taxation
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
36
26
UNICOURSE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023
207,981
Additions
729
At 31 March 2024
208,710
Depreciation and impairment
At 1 April 2023
140,010
Depreciation charged in the year
30,961
At 31 March 2024
170,971
Carrying amount
At 31 March 2024
37,739
At 31 March 2023
67,971
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
251,988
80,703
Corporation tax recoverable
91,451
69,344
Other debtors
365,796
266,771
709,235
416,818
6
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
153,671
120,798
Other taxation and social security
70,539
265,408
Other creditors
91,523
118,261
315,733
504,467
UNICOURSE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
13,793
23,072
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
9
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
Within one year
16,828
14,907
16,828
14,907
10
Controlling party

The company was controlled throughout the period by M Lopez, who is a director and the majority shareholder.

11
Related party transactions

At the balance sheet date M Lopez, director and shareholder, owed the company £182,992 (2023: £134,677). The maximum overdrawn balance during the year was £216,122; £65,201 was drawn and £33,130 was repaid and interest was charged of £722.

 

The other directors of the company, L Anders, P Lopez and S Robinson, collectively owed the company £87,973 (2023: £70,786) at the balance sheet date. The maximum overdrawn balance during the year was £87,973; £87,973 was drawn and £nil was repaid. Interest of £387 was charged.

 

At the balance sheet date the company was owed £41,687 (2023: £41,074) from a relative of a M Lopez. The loan is repayable on demand.

2024-03-312023-04-01falsefalsefalse28 April 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityP LopezL AndersS CarterM LopezS RobinsonDr M M ShawL Anders089538012023-04-012024-03-31089538012024-03-31089538012023-03-3108953801core:OtherPropertyPlantEquipment2024-03-3108953801core:OtherPropertyPlantEquipment2023-03-3108953801core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3108953801core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3108953801core:Non-currentFinancialInstrumentscore:AfterOneYear2024-03-3108953801core:Non-currentFinancialInstrumentscore:AfterOneYear2023-03-3108953801core:CurrentFinancialInstruments2024-03-3108953801core:CurrentFinancialInstruments2023-03-3108953801core:ShareCapital2024-03-3108953801core:ShareCapital2023-03-3108953801core:RetainedEarningsAccumulatedLosses2024-03-3108953801core:RetainedEarningsAccumulatedLosses2023-03-3108953801core:ShareCapitalOrdinaryShareClass12024-03-3108953801core:ShareCapitalOrdinaryShareClass12023-03-3108953801bus:Director42023-04-012024-03-3108953801core:ComputerEquipment2023-04-012024-03-3108953801core:MotorVehicles2023-04-012024-03-31089538012022-04-012023-03-3108953801core:OtherPropertyPlantEquipment2023-03-3108953801core:OtherPropertyPlantEquipment2023-04-012024-03-3108953801core:WithinOneYear2024-03-3108953801core:WithinOneYear2023-03-3108953801core:Non-currentFinancialInstruments2024-03-3108953801core:Non-currentFinancialInstruments2023-03-3108953801bus:OrdinaryShareClass12023-04-012024-03-3108953801bus:OrdinaryShareClass12024-03-3108953801bus:OrdinaryShareClass12023-03-3108953801bus:PrivateLimitedCompanyLtd2023-04-012024-03-3108953801bus:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108953801bus:FRS1022023-04-012024-03-3108953801bus:AuditExemptWithAccountantsReport2023-04-012024-03-3108953801bus:Director12023-04-012024-03-3108953801bus:Director22023-04-012024-03-3108953801bus:Director32023-04-012024-03-3108953801bus:Director52023-04-012024-03-3108953801bus:Director62023-04-012024-03-3108953801bus:Director72023-04-012024-03-3108953801bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:sharesiso4217:GBP