Registered number
11700658
UWBX Limited
Filleted Accounts
30 September 2024
UWBX Limited
Registered number: 11700658
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 40,000 40,000
Tangible assets 4 - 245
40,000 40,245
Current assets
Cash at bank and in hand 34,620 15,372
Creditors: amounts falling due within one year 5 (55,925) (7,235)
Net current (liabilities)/assets (21,305) 8,137
Total assets less current liabilities 18,695 48,382
Creditors: amounts falling due after more than one year 6 (540,668) (515,061)
Net liabilities (521,973) (466,679)
Capital and reserves
Called up share capital 100 100
Profit and loss account (522,073) (466,779)
Shareholders' funds (521,973) (466,679)
The directors are 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 directors acknowledge their 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.
Stuart John Mutton
Director
Approved by the board on 15 May 2025
UWBX Limited
Notes to the Accounts
for the year ended 30 September 2024
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 at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2023 40,000
At 30 September 2024 40,000
Amortisation
At 30 September 2024 -
Net book value
At 30 September 2024 40,000
At 30 September 2023 40,000
Goodwill and Intellectual Property is being held at acquired cost whilst the product is still in development.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 5,452
At 30 September 2024 5,452
Depreciation
At 1 October 2023 5,207
Charge for the year 245
At 30 September 2024 5,452
Net book value
At 30 September 2024 -
At 30 September 2023 245
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 10,184 39,093
Taxation and social security costs 11,184 (29,203)
Other creditors 34,557 (2,655)
55,925 7,235
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 14,126 24,679
Other creditors 526,542 490,382
540,668 515,061
A long term loan from one of the shareholders is held within other creditors as it has been agreed this will not be repaid until the company has sufficient resourses to meet liabilities as they fall due.
7 Other information
UWBX Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Barn
173 Church Rd
Northfield
Birmingham
B31 2LX
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