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REGISTERED NUMBER: 05484550 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

UK National Limited

UK National Limited (Registered number: 05484550)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UK National Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr A Parker
Mrs J Parker
Mr S Parker
Mr D Parker





REGISTERED OFFICE: 4 Wass Way
Durham Lane Industrial Estate
Eaglescliffe
Stockton on Tees
North Yorkshire
TS16 0RG





REGISTERED NUMBER: 05484550 (England and Wales)





ACCOUNTANTS: JBC Accountants Limited
Chartered Accountants
3B Lockheed Court
Preston Farm
Stockton on Tees
TS18 3SH

UK National Limited (Registered number: 05484550)

Balance Sheet
30 June 2024

30/6/24 30/6/23
Notes £ £ £
FIXED ASSETS
Tangible assets 4 2,401,179 2,241,333
Investment property 5 111,953 111,953
2,513,132 2,353,286

CURRENT ASSETS
Stocks 451,367 50,000
Debtors 6 2,503,801 2,387,893
Cash at bank and in hand 474,936 769,004
3,430,104 3,206,897
CREDITORS
Amounts falling due within one year 7 1,306,625 1,213,374
NET CURRENT ASSETS 2,123,479 1,993,523
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,636,611

4,346,809

CREDITORS
Amounts falling due after more than one
year

8

(965,123

)

(963,652

)

PROVISIONS FOR LIABILITIES (292,150 ) (286,147 )
NET ASSETS 3,379,338 3,097,010

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 3,379,138 3,096,810
3,379,338 3,097,010

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

UK National Limited (Registered number: 05484550)

Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 June 2025 and were signed on its behalf by:





Mr S Parker - Director


UK National Limited (Registered number: 05484550)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

UK National Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Current and deferred tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

UK National Limited (Registered number: 05484550)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 60 (2023 - 57 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 July 2023 1,023,797 2,957,530 3,981,327
Additions 137,523 469,574 607,097
Disposals - (54,933 ) (54,933 )
At 30 June 2024 1,161,320 3,372,171 4,533,491
DEPRECIATION
At 1 July 2023 - 1,739,994 1,739,994
Charge for year - 420,667 420,667
Eliminated on disposal - (28,349 ) (28,349 )
At 30 June 2024 - 2,132,312 2,132,312
NET BOOK VALUE
At 30 June 2024 1,161,320 1,239,859 2,401,179
At 30 June 2023 1,023,797 1,217,536 2,241,333

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£
COST
At 1 July 2023 1,779,387
Additions 454,175
Disposals (24,550 )
Transfer to ownership (253,512 )
At 30 June 2024 1,955,500
DEPRECIATION
At 1 July 2023 921,276
Charge for year 314,893
Eliminated on disposal (15,056 )
Transfer to ownership (180,410 )
At 30 June 2024 1,040,703
NET BOOK VALUE
At 30 June 2024 914,797
At 30 June 2023 858,111

UK National Limited (Registered number: 05484550)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 July 2023
and 30 June 2024 111,953
NET BOOK VALUE
At 30 June 2024 111,953
At 30 June 2023 111,953

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£ £
Trade debtors 1,179,539 1,782,700
Amounts owed by group undertakings 511,179 -
Other debtors 813,083 605,193
2,503,801 2,387,893

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£ £
Bank loans and overdrafts 57,746 9,800
Hire purchase contracts 378,833 312,052
Trade creditors 541,610 560,352
Amounts owed to group undertakings 33,000 -
Taxation and social security 218,678 275,387
Other creditors 76,758 55,783
1,306,625 1,213,374

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/6/24 30/6/23
£ £
Bank loans 13,067 22,867
Hire purchase contracts 595,643 569,568
Other creditors 356,413 371,217
965,123 963,652

9. SECURED DEBTS

The following secured debts are included within creditors:

30/6/24 30/6/23
£ £
Santander Mortgage 373,753 362,359

The loan is secured against all property plus the assets of the Company.

UK National Limited (Registered number: 05484550)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

30/6/24 30/6/23
£ £
Mr A Parker and Mrs J Parker
Balance outstanding at start of year 386,994 201,072
Amounts advanced 175,131 283,234
Amounts repaid (57,302 ) (97,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 504,823 386,994

Mr S Parker
Balance outstanding at start of year 47,883 16,275
Amounts advanced 7,817 34,420
Amounts repaid (312 ) (2,812 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 55,388 47,883

Mr D Parker
Balance outstanding at start of year 44,860 35,939
Amounts advanced 19,793 9,233
Amounts repaid (12,312 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 52,341 44,860

Interest has been charged on the above loans at 2.5%.