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REGISTERED NUMBER: 05154913 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

URBAN EYE CONTRACTORS LIMITED

URBAN EYE CONTRACTORS LIMITED (REGISTERED NUMBER: 05154913)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


URBAN EYE CONTRACTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: J A Smart





REGISTERED OFFICE: 11a Sydenham Hill
London
SE26 6SH





REGISTERED NUMBER: 05154913 (England and Wales)





ACCOUNTANTS: Galloways Accounting Limited
15 West Street
Brighton
East Sussex
BN1 2RL

URBAN EYE CONTRACTORS LIMITED (REGISTERED NUMBER: 05154913)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 31,721 82,657

CURRENT ASSETS
Stocks 2,065,039 1,755,283
Debtors 5 5,573,644 3,840,094
Cash at bank and in hand 15,364 15,383
7,654,047 5,610,760
CREDITORS
Amounts falling due within one year 6 (8,801,764 ) (6,864,074 )
NET CURRENT LIABILITIES (1,147,717 ) (1,253,314 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,115,996 ) (1,170,657 )

CREDITORS
Amounts falling due after more than one year 7 (10,024 ) (20,540 )

PROVISIONS FOR LIABILITIES (8,700 ) (10,400 )
NET LIABILITIES (1,134,720 ) (1,201,597 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (1,134,721 ) (1,201,598 )
(1,134,720 ) (1,201,597 )

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 director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 June 2025 and were signed by:





J A Smart - Director


URBAN EYE CONTRACTORS LIMITED (REGISTERED NUMBER: 05154913)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Urban Eye Contractors 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The company manages it cash flow as part of a group, and in addition to the finance raised within the company, it is also reliant on finance provided by other group companies. The director has reviewed the group finance facilities and the expected cash flow for the group and has a reasonable expectation that the company has adequate resources to continue to operate for the foreseeable future.

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

Architectural services
Turnover from the provision of architectural services is recognised as those services are provided. Turnover is accrued as work-in-progress until invoiced.

Project management & procurement
Turnover from the provision of project management services is recognised as those services are provided.Turnover from procurement of materials and contractors are recognised as those costs are incurred. Turnover is accrued as work-in-progress until invoiced.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - straight line over 3 years
Plant and machinery etc - 33% on cost and 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

Work-in-progress is recognised as services are provided and valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

URBAN EYE CONTRACTORS LIMITED (REGISTERED NUMBER: 05154913)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


3. EMPLOYEES

The average number of employees during the year was 16 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 149,405 151,022 300,427
Additions - 4,301 4,301
At 30 June 2024 149,405 155,323 304,728
DEPRECIATION
At 1 July 2023 102,767 115,003 217,770
Charge for year 45,097 10,140 55,237
At 30 June 2024 147,864 125,143 273,007
NET BOOK VALUE
At 30 June 2024 1,541 30,180 31,721
At 30 June 2023 46,638 36,019 82,657

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 60 2,760
Amounts owed by group undertakings 5,370,282 3,580,666
Other debtors 203,302 256,668
5,573,644 3,840,094

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,976 9,460
Trade creditors 538,539 244,329
Amounts owed to group undertakings 8,082,061 6,445,105
Taxation and social security 150,256 83,647
Other creditors 20,932 81,533
8,801,764 6,864,074

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 10,024 20,540

8. ULTIMATE CONTROLLING PARTY

The controlling party is Urban Eye Properties Ltd whose registered office is 11a Sydenham Hill, London, England, SE26 6SH.