Company registration number 03318267 (England and Wales)
UNIVERSAL TECHNOLOGY GB LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
28 FEBRUARY 2025
PAGES FOR FILING WITH REGISTRAR
10 Bridge Street
Christchurch
Dorset
BH23 1EF
UNIVERSAL TECHNOLOGY GB LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
UNIVERSAL TECHNOLOGY GB LIMITED
COMPANY INFORMATION
- 1 -
Director
Mr. A Johns
Company number
03318267
Registered office
Unit A
Balldown Business Centre
Stockbridge Road, Sparsholt
Winchester
Hampshire
United Kingdom
SO21 2NA
Accountants
TC Group
10 Bridge Street
Christchurch
Dorset
BH23 1EF
UNIVERSAL TECHNOLOGY GB LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2025
28 February 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
72,688
48,571
Current assets
Stocks
26,778
46,196
Debtors
4
99,225
144,457
Cash at bank and in hand
291,591
191,833
417,594
382,486
Creditors: amounts falling due within one year
5
(129,578)
(165,905)
Net current assets
288,016
216,581
Total assets less current liabilities
360,704
265,152
Creditors: amounts falling due after more than one year
6
-
0
(11,201)
Provisions for liabilities
(14,490)
(11,079)
Net assets
346,214
242,872
Capital and reserves
Called up share capital
7
34
41
Capital redemption reserve
66
59
Profit and loss reserves
346,114
242,772
Total equity
346,214
242,872
UNIVERSAL TECHNOLOGY GB LIMITED
BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2025
28 February 2025
- 3 -

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 28 February 2025 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 13 May 2025
Mr. A Johns
Director
Company Registration No. 03318267
The notes on pages 4 to 8 form part of these financial statements
UNIVERSAL TECHNOLOGY GB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 4 -
1
Accounting policies
Company information

Universal Technology GB Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit A, Balldown Business Centre, Stockbridge Road, Sparsholt, Winchester, Hampshire, United Kingdom, SO21 2NA.

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 pound.

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

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Revenue from long-term contracts and contracts for on-going 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.

1.3
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:

Land and buildings Leasehold
20% Straight line
Fixtures & Plant
20% Straight line
Computer equipment
25% Straight line
Motor vehicles
20% 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.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

UNIVERSAL TECHNOLOGY GB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 5 -
1.5
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

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

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.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

UNIVERSAL TECHNOLOGY GB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 6 -

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.11
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

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

2025
2024
Number
Number
Total
9
9
3
Tangible fixed assets
Land and buildings Leasehold
Fixtures & Plant
Computer equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 29 February 2024
23,773
79,685
29,712
93,589
226,759
Additions
-
0
-
0
-
0
63,559
63,559
Disposals
-
0
-
0
(499)
(47,612)
(48,111)
At 28 February 2025
23,773
79,685
29,213
109,536
242,207
Depreciation and impairment
At 29 February 2024
23,773
77,062
28,078
49,275
178,188
Depreciation charged in the year
-
0
770
788
23,175
24,733
Eliminated in respect of disposals
-
0
-
0
(499)
(32,903)
(33,402)
At 28 February 2025
23,773
77,832
28,367
39,547
169,519
Carrying amount
At 28 February 2025
-
0
1,853
846
69,989
72,688
At 28 February 2024
-
0
2,623
1,634
44,314
48,571
UNIVERSAL TECHNOLOGY GB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 7 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
86,933
135,596
Other debtors
2,005
2,417
Prepayments and accrued income
10,287
6,444
99,225
144,457
5
Creditors: amounts falling due within one year
2025
2024
£
£
Obligations under hire purchase agreements
-
3,109
Trade creditors
12,059
33,287
Taxation and social security
113,556
125,773
Other creditors
963
736
Accruals and deferred income
3,000
3,000
129,578
165,905

The hire purchase liability is secured against the assets to which they relate.

6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under hire purchase agreements
-
11,201

The hire purchase liability is secured against the assets to which they relate.

7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
0
7
-
0
7
Ordinary B of £1 each
34
34
34
34
34
41
34
41
UNIVERSAL TECHNOLOGY GB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
7
Called up share capital
(Continued)
- 8 -

 

On 28 March 2024 the company repurchased and then cancelled 7 Ordinary A class shares.

 

8
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:

2025
2024
£
£
27,500
40,500
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