Company registration number 08040359 (England and Wales)
UNIVERSAL EXPORTS (CHANNEL ISLANDS) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
UNIVERSAL EXPORTS (CHANNEL ISLANDS) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
UNIVERSAL EXPORTS (CHANNEL ISLANDS) LIMITED (REGISTERED NUMBER: 08040359)
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
45
57
Current assets
Debtors
4
21,454
8,235
Cash at bank and in hand
210
187
21,664
8,422
Creditors: amounts falling due within one year
5
(20,938)
(8,194)
Net current assets
726
228
Net assets
771
285
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
671
185
Total equity
771
285

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

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

The financial statements were approved and signed by the director and authorised for issue on 14 April 2025
M C Clayson
Director
UNIVERSAL EXPORTS (CHANNEL ISLANDS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 2 -
1
Accounting policies
Company information

Universal Exports (Channel Islands) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 19/21 Swan Street, West Malling, Kent, ME19 6JU.

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 £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover represents amounts receivable from customers, net of VAT, for specialist vehicle sales.

 

Turnover for the sale of goods is recognised when all of the following conditions are met:

1.4
Tangible fixed assets

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:

Computer equipment
20% on reducing balance

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.

1.5
Taxation

The tax expense represents the sum of the tax currently payable.

UNIVERSAL EXPORTS (CHANNEL ISLANDS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
2
Employees

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

2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Computer equipment
£
Cost
At 1 May 2023 and 30 April 2024
433
Depreciation and impairment
At 1 May 2023
376
Depreciation charged in the year
12
At 30 April 2024
388
Carrying amount
At 30 April 2024
45
At 30 April 2023
57
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
21,454
8,235
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
11,679
1,574
Taxation and social security
303
24
Other creditors
8,956
6,596
20,938
8,194
UNIVERSAL EXPORTS (CHANNEL ISLANDS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 4 -
6
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
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