Acorah Software Products - Accounts Production 16.2.850 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 03402608 Mrs Rita Carse Mr Alan Fry Mrs Rita Carse iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03402608 2023-07-31 03402608 2024-07-31 03402608 2023-08-01 2024-07-31 03402608 frs-core:ComputerEquipment 2023-08-01 2024-07-31 03402608 frs-core:FurnitureFittings 2023-08-01 2024-07-31 03402608 frs-core:MotorVehicles 2023-08-01 2024-07-31 03402608 frs-core:ShareCapital 2024-07-31 03402608 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 03402608 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 03402608 frs-bus:AbridgedAccounts 2023-08-01 2024-07-31 03402608 frs-bus:SmallEntities 2023-08-01 2024-07-31 03402608 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 03402608 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 03402608 frs-core:CostValuation 2023-07-31 03402608 frs-core:CostValuation 2024-07-31 03402608 frs-bus:Director1 2023-08-01 2024-07-31 03402608 frs-bus:Director2 2023-08-01 2024-07-31 03402608 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 03402608 frs-countries:EnglandWales 2023-08-01 2024-07-31 03402608 2022-07-31 03402608 2023-07-31 03402608 2022-08-01 2023-07-31 03402608 frs-core:ShareCapital 2023-07-31 03402608 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 03402608
Universal Logistics Services Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 July 2024
Ip's Associates Limited
23 Argyle Street
Liverpool
L1 5BL
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 03402608
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,646 3,953
Investments 5 83,500 83,500
97,146 87,453
CURRENT ASSETS
Stocks 1,240 1,282
Debtors - 284
Cash at bank and in hand 37,259 40,672
38,499 42,238
Creditors: Amounts Falling Due Within One Year (27,708 ) (24,132 )
NET CURRENT ASSETS (LIABILITIES) 10,791 18,106
TOTAL ASSETS LESS CURRENT LIABILITIES 107,937 105,559
NET ASSETS 107,937 105,559
CAPITAL AND RESERVES
Called up share capital 6 4 4
Profit and Loss Account 107,933 105,555
SHAREHOLDERS' FUNDS 107,937 105,559
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For the year ending 31 July 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 July 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mrs Rita Carse
Director
Mr Alan Fry
Director
24 April 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Abridged Financial Statements
1. General Information
Universal Logistics Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03402608 . The registered office is 43 Beaconsfield Road, Liverpool, L25 6EQ.
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 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Motor Vehicles - 25% Reducing Balance
Fixtures & Fittings - 10% Reducing Balance
Computer Equipment - 35% Reducing Balance
2.4. 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.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
Office and administration 2 2
2 2
4. Tangible Assets
Total
£
Cost
As at 1 August 2023 24,987
Additions 12,807
As at 31 July 2024 37,794
Depreciation
As at 1 August 2023 21,034
Provided during the period 3,114
As at 31 July 2024 24,148
...CONTINUED
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Net Book Value
As at 31 July 2024 13,646
As at 1 August 2023 3,953
5. Investments
Total
£
Cost
As at 1 August 2023 83,500
As at 31 July 2024 83,500
Provision
As at 1 August 2023 -
As at 31 July 2024 -
Net Book Value
As at 31 July 2024 83,500
As at 1 August 2023 83,500
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
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