Registered number
06829827
Universal Care Agency Ltd
Filleted Accounts
31 March 2025
Universal Care Agency Ltd
Registered number: 06829827
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 10,368 13,518
Current assets
Debtors 4 59,107 48,102
Cash at bank and in hand 2,532 23,110
61,639 71,212
Creditors: amounts falling due within one year 5 (43,531) (54,974)
Net current assets 18,108 16,238
Total assets less current liabilities 28,476 29,756
Creditors: amounts falling due after more than one year 6 (7,953) (21,367)
Net assets 20,523 8,389
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 19,523 7,389
Shareholders' funds 20,523 8,389
The director is 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 director acknowledges her 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.
Hawa Agamasu
Director
Approved by the board on 30 April 2025
Universal Care Agency Ltd
Notes to the Accounts
for the year ended 31 March 2025
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.
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, other than freehold land, 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 20% reducing balance
Motor vehicles over 5 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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 25 28
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2024 5,929 24,468 30,397
At 31 March 2025 5,929 24,468 30,397
Depreciation
At 1 April 2024 3,870 13,009 16,879
Charge for the year 410 2,740 3,150
At 31 March 2025 4,280 15,749 20,029
Net book value
At 31 March 2025 1,649 8,719 10,368
At 31 March 2024 2,059 11,459 13,518
4 Debtors 2025 2024
£ £
Trade debtors 49,265 17,298
Other debtors 9,842 30,804
59,107 48,102
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 10,000 10,000
Obligations under finance lease and hire purchase contracts 3,414 3,166
Trade creditors 3,138 1,534
Taxation and social security costs 2,264 21,682
Other creditors 24,715 18,592
43,531 54,974
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 3,333 13,333
Obligations under finance lease and hire purchase contracts 4,620 8,034
7,953 21,367
7 Related party transactions
Included within other creditors is the amount of £10,646 owed to the director. (2024 - £8,834) This amount is undated, unsecured, interest free and repayable upon demand.
8 Controlling party
The director Hawa Agamasu has control of the company by virtue of her majority shareholding.
9 Other information
Universal Care Agency Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 The Briars
Waterberry Drive
Waterlooville
Hampshire
PO7 7YH
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