| REGISTERED NUMBER: |
| UTRANAZZ IMPORTERS & EXPORTERS LIMITED |
| Unaudited Financial Statements |
| for the Year Ended 31 December 2024 |
| REGISTERED NUMBER: |
| UTRANAZZ IMPORTERS & EXPORTERS LIMITED |
| Unaudited Financial Statements |
| for the Year Ended 31 December 2024 |
| UTRANAZZ IMPORTERS & EXPORTERS LIMITED (REGISTERED NUMBER: 01111774) |
| Contents of the Financial Statements |
| for the year ended 31 December 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| UTRANAZZ IMPORTERS & EXPORTERS LIMITED |
| Company Information |
| for the year ended 31 December 2024 |
| Director: |
| Secretary: |
| Registered office: |
| Registered number: |
| Accountants: |
| 1st Floor, Abbey Square |
| Davidson House |
| The Forbury |
| Reading |
| RG1 3EU |
| UTRANAZZ IMPORTERS & EXPORTERS LIMITED (REGISTERED NUMBER: 01111774) |
| Balance Sheet |
| 31 December 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Current assets |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| Net current assets |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| Provisions for liabilities | 9 | ( |
) | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital | 10 |
| Retained earnings | 11 |
| Shareholders' funds |
| 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 were approved by the director and authorised for issue on |
| UTRANAZZ IMPORTERS & EXPORTERS LIMITED (REGISTERED NUMBER: 01111774) |
| Notes to the Financial Statements |
| for the year ended 31 December 2024 |
| 1. | Statutory information |
| Utranazz Importers & Exporters Limited is a |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Going concern |
| The directors have identified no material uncertainties that cast significant doubt about the ability of the company to continue as a going concern. |
| Key sources of estimation uncertainty and judgements |
| Preparation of the financial statements requires management to make significant judgements and estimates in determining the carrying amounts of certain assets and liabilities. Management makes assumptions of the effects of uncertain future events on those assets and liabilities at the balance sheet date. The management's estimates and assumptions are based on historical experience and expectation of future events and are reviewed periodically. This disclosure excludes uncertainty over future events and judgement in respect of measuring financial instruments. |
| Turnover |
| The turnover shown in the profit and loss account represents amounts which have been recognised once the item is delivered and not before. Sales are not recognised until the product is complete and deliverable to the client. |
| Tangible fixed assets and depreciation |
| Tangible fixed assets are stated at cost less depreciation. Plant and machinery includes assets available for hire which are depreciated in accordance with the stated accounting policy. |
| Freehold property | - 2% on building costs |
| Plant & machinery | - 25% on costs |
| Fixtures & fittings | - 25% on costs |
| Motor vehicles | - 25% on costs |
| Computer equipment | - 25% on costs |
| Tangible fixed assets are stated at cost less depreciation. Plant and machinery includes assets available for hire which are depreciated in accordance with the stated accounting policy. |
| Stocks |
| Stock held by the company is available for both sale and short-term hire hence it is considered appropriate to provide for the usage of the machinery by providing 35% or 50%, depending on whether the machinery has been modified, on a reducing balance basis. Stock is therefore stated at the lower of written down cost and net realisable value. Net realisable value is based on estimated selling price less the estimated cost of disposal. |
| UTRANAZZ IMPORTERS & EXPORTERS LIMITED (REGISTERED NUMBER: 01111774) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2024 |
| 2. | Accounting policies - continued |
| Financial instruments |
| Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument. |
| Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due. |
| Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank which are an integral part of the company's cash management. |
| Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. |
| An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
| Foreign currencies |
| Monetary assets and liabilities denominated in foreign currencies are translated into sterling at 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 gains and losses are recognised in the profit and loss account. |
| 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. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| UTRANAZZ IMPORTERS & EXPORTERS LIMITED (REGISTERED NUMBER: 01111774) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2024 |
| 4. | Tangible fixed assets |
| Fixtures |
| Freehold | Plant and | and |
| property | machinery | fittings |
| £ | £ | £ |
| Cost |
| At 1 January 2024 |
| Additions |
| Disposals | ( |
) |
| At 31 December 2024 |
| Depreciation |
| At 1 January 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 December 2024 |
| Net book value |
| At 31 December 2024 |
| At 31 December 2023 |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| Cost |
| At 1 January 2024 |
| Additions |
| Disposals | ( |
) |
| At 31 December 2024 |
| Depreciation |
| At 1 January 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 December 2024 |
| Net book value |
| At 31 December 2024 |
| At 31 December 2023 |
| 5. | Debtors: amounts falling due within one year |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Other debtors |
| UTRANAZZ IMPORTERS & EXPORTERS LIMITED (REGISTERED NUMBER: 01111774) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2024 |
| 6. | Creditors: amounts falling due within one year |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | Creditors: amounts falling due after more than one year |
| 2024 | 2023 |
| £ | £ |
| Other creditors |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Other loans more 5yrs instal | 27,412 | 73,750 |
| 8. | Leasing agreements |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2024 | 2023 |
| £ | £ |
| Within one year |
| 9. | Provisions for liabilities |
| 2024 | 2023 |
| £ | £ |
| Deferred tax |
| Accelerated capital allowances |
| Deferred tax |
| £ |
| Balance at 1 January 2024 |
| Provided during year |
| Balance at 31 December 2024 |
| 10. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary | £1 | 8,100 | 8,100 |
| UTRANAZZ IMPORTERS & EXPORTERS LIMITED (REGISTERED NUMBER: 01111774) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2024 |
| 11. | Reserves |
| Retained |
| earnings |
| £ |
| At 1 January 2024 |
| Profit for the year |
| Dividends | ( |
) |
| At 31 December 2024 |
| 12. | Related party transactions |
| During the year the company paid dividends totalling £178,000 (2023: £120,000) to its parent company. At the end of financial year £657,509 (2023: £156,372) was owed to and £150,000 (2023: £150,000) was owed from the companies under common control respectively. |
| During the year the company paid rent to a company under common control totalling £Nil (2023: £60,000). |
| 13. | Controlling party |
| The company was controlled in the year by Bluebird (NHC) Limited, registered office and principal place of business was Utranazz House, Cowpastures Farm, Piddington, Oxfordshire, OX25 1AE. |
| The ultimate controlling party is A W Evans and D J Evans acting in concert. |