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Registration number: 04609481

Universal Networks UK Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2025

 

Universal Networks UK Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Universal Networks UK Limited

(Registration number: 04609481)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

6

114,941

144,684

Other financial assets

7

135,469

120,688

 

250,410

265,372

Current assets

 

Stocks

8

282,250

239,711

Debtors

9

168,881

240,534

Cash at bank and in hand

 

641,418

481,526

 

1,092,549

961,771

Creditors: Amounts falling due within one year

10

(315,167)

(272,649)

Net current assets

 

777,382

689,122

Total assets less current liabilities

 

1,027,792

954,494

Creditors: Amounts falling due after more than one year

10

(3,532)

(13,866)

Provisions for liabilities

(49,496)

(52,711)

Net assets

 

974,764

887,917

Capital and reserves

 

Called up share capital

100

100

Retained earnings

974,664

887,817

Shareholders' funds

 

974,764

887,917

 

Universal Networks UK Limited

(Registration number: 04609481)
Balance Sheet as at 31 January 2025

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 July 2025
 

.........................................
E J Hing
Director

 

Universal Networks UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Charnham Lane
Hungerford
Berkshire
RG17 0EY
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

 

Universal Networks UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% net book value / 33% straight line

Fixtures and fittings

25% net book value

Plant and machinery

25% net book value

Motor vehicles

25% net book value

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

 

Universal Networks UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Taxation

2025

2024

£

£

Corporation tax

60,731

51,840

Deferred tax

(3,215)

3,270

57,516

55,110

4

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 12 (2024 - 13).

 

Universal Networks UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

5

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 February 2024

375,000

375,000

At 31 January 2025

375,000

375,000

Amortisation

At 1 February 2024

375,000

375,000

At 31 January 2025

375,000

375,000

Carrying amount

At 31 January 2025

-

-

6

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2024

106,367

102,465

71,993

58,361

339,186

Additions

-

5,471

4,643

-

10,114

Disposals

-

(644)

(7,300)

-

(7,944)

At 31 January 2025

106,367

107,292

69,336

58,361

341,356

Depreciation

At 1 February 2024

78,765

48,910

59,532

7,295

194,502

Charge for the year

6,920

14,299

3,523

12,766

37,508

Eliminated on disposal

-

(391)

(5,204)

-

(5,595)

At 31 January 2025

85,685

62,818

57,851

20,061

226,415

Carrying amount

At 31 January 2025

20,682

44,474

11,485

38,300

114,941

At 31 January 2024

27,602

53,555

12,461

51,066

144,684

 

Universal Networks UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

7

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 February 2024

120,688

120,688

Fair value adjustments

14,781

14,781

At 31 January 2025

135,469

135,469

Impairment

Carrying amount

At 31 January 2025

135,469

135,469

8

Stocks

2025
£

2024
£

Raw materials and consumables

282,250

239,711

9

Debtors

Current

2025
£

2024
£

Trade debtors

151,182

223,762

Prepayments

12,734

16,649

Other debtors

4,965

123

 

168,881

240,534

 

Universal Networks UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

10

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

11

10,365

10,164

Trade creditors

 

116,615

136,874

Taxation and social security

 

92,916

101,094

Other creditors

 

95,271

24,517

 

315,167

272,649

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

11

3,532

13,866

11

Loans and borrowings

Current loans and borrowings

2025
£

2024
£

Bank borrowings

10,365

10,164

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

3,532

13,866