Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 06375066 Mr Hongjun Yuan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06375066 2023-09-30 06375066 2024-09-30 06375066 2023-10-01 2024-09-30 06375066 frs-core:Non-currentFinancialInstruments 2024-09-30 06375066 frs-core:BetweenOneFiveYears 2024-09-30 06375066 frs-core:ComputerEquipment 2023-10-01 2024-09-30 06375066 frs-core:FurnitureFittings 2023-10-01 2024-09-30 06375066 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 06375066 frs-core:PlantMachinery 2023-10-01 2024-09-30 06375066 frs-core:WithinOneYear 2024-09-30 06375066 frs-core:ShareCapital 2024-09-30 06375066 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 06375066 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 06375066 frs-bus:AbridgedAccounts 2023-10-01 2024-09-30 06375066 frs-bus:SmallEntities 2023-10-01 2024-09-30 06375066 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 06375066 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 06375066 frs-core:CostValuation 2023-09-30 06375066 frs-core:CostValuation 2024-09-30 06375066 frs-bus:Director1 2023-10-01 2024-09-30 06375066 frs-bus:Director1 2023-09-30 06375066 frs-bus:Director1 2024-09-30 06375066 frs-countries:EnglandWales 2023-10-01 2024-09-30 06375066 2022-09-30 06375066 2023-09-30 06375066 2022-10-01 2023-09-30 06375066 frs-core:Non-currentFinancialInstruments 2023-09-30 06375066 frs-core:BetweenOneFiveYears 2023-09-30 06375066 frs-core:WithinOneYear 2023-09-30 06375066 frs-core:ShareCapital 2023-09-30 06375066 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 06375066
United Commercial Trading(UK) Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—6
Page 1
Abridged Balance Sheet
Registered number: 06375066
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,412 7,200
Investments 5 70,000 70,000
75,412 77,200
CURRENT ASSETS
Debtors 272,384 330,840
Cash at bank and in hand 2,235 3,087
274,619 333,927
Creditors: Amounts Falling Due Within One Year (58,075 ) (73,046 )
NET CURRENT ASSETS (LIABILITIES) 216,544 260,881
TOTAL ASSETS LESS CURRENT LIABILITIES 291,956 338,081
Creditors: Amounts Falling Due After More Than One Year - (46,994 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (210 ) (210 )
NET ASSETS 291,746 290,877
CAPITAL AND RESERVES
Called up share capital 6 1,002 1,002
Profit and Loss Account 290,744 289,875
SHAREHOLDERS' FUNDS 291,746 290,877
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For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Balance Sheet for the year end 30 September 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Hongjun Yuan
Director
29 April 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
United Commercial Trading(UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06375066 . The registered office is 28 Kingsland Grange, Woolston, Warrington, WA1 4RW.
The financial statements are presented in Sterling, which is the functional currency of the company.
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:
Leasehold 25% reducing balance
Plant & Machinery 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 33% straight line
2.4. 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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2.5. Taxation
The 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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  2 (2023: 3)
2 3
4. Tangible Assets
Total
£
Cost
As at 1 October 2023 188,973
As at 30 September 2024 188,973
Depreciation
As at 1 October 2023 181,773
Provided during the period 1,788
As at 30 September 2024 183,561
Net Book Value
As at 30 September 2024 5,412
As at 1 October 2023 7,200
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5. Investments
Total
£
Cost
As at 1 October 2023 70,000
As at 30 September 2024 70,000
Provision
As at 1 October 2023 -
As at 30 September 2024 -
Net Book Value
As at 30 September 2024 70,000
As at 1 October 2023 70,000
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,002 1,002
7. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 33,250 33,250
Later than one year and not later than five years 133,000 133,000
166,250 166,250
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mr Hongjun Yuan 10,000 - - - 10,000
The above loan is unsecured, interest free and repayable on demand.
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9. Post Balance Sheet Events
The company holds an investment on its balance sheet.
At the year end of 30 Septmeber 2024, the investment was held at its fair value on that date of £70,000. In early 2025 a significant decline in market conditions occurred which has reduced the market value to nil. In this situation, as the circumstances causing the reduction happened after the year end, this is not an adjusting event. The carrying value at 30 September 2024 should not be adjusted. However, the details of the reduction since the year end should be disclosed in the financial statements for year ended 30 September 2024
10. Related Party Transactions
In the opinion of the director there is no single controlling party
During the year and in the normal course of business :
UCT supplied goods/services to YSR amounting to £1,151,752 ( 2023 : £1,205,989 ) 
At the balance sheet date the amount owing by YSR to UCT amounted to £233,759 ( 2023 : £292,215 )
Noting that YS Reclamation Ltd ( "YSR" ) is a company in which the two shareholders of United Commercial Trading(UK) Ltd ( "UCT" ) own 90% of the issued share capital
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