UTECH Managment Services Ltd 14984927 false 2023-07-06 2024-07-31 2024-07-31 The principal activity of the company is the provision of management services. Digita Accounts Production Advanced 6.30.9574.0 true true 14984927 2023-07-06 2024-07-31 14984927 2024-07-31 14984927 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 14984927 1 2024-07-31 14984927 bus:SmallEntities 2023-07-06 2024-07-31 14984927 bus:AuditExemptWithAccountantsReport 2023-07-06 2024-07-31 14984927 bus:FilletedAccounts 2023-07-06 2024-07-31 14984927 bus:SmallCompaniesRegimeForAccounts 2023-07-06 2024-07-31 14984927 bus:RegisteredOffice 2023-07-06 2024-07-31 14984927 bus:Director1 2023-07-06 2024-07-31 14984927 bus:PrivateLimitedCompanyLtd 2023-07-06 2024-07-31 14984927 countries:AllCountries 2023-07-06 2024-07-31 14984927 1 2023-07-06 2024-07-31 14984927 1 2023-07-05 iso4217:GBP xbrli:pure

Registration number: 14984927

UTECH Managment Services Ltd

Unaudited Filleted Financial Statements

for the Period from 6 July 2023 to 31 July 2024

 

UTECH Managment Services Ltd

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 4

 

UTECH Managment Services Ltd

(Registration number: 14984927)
Statement of Financial Position as at 31 July 2024

Note

2024
£

Current assets

 

Cash at bank and in hand

 

109,376

Creditors: Amounts falling due within one year

4

(118,492)

Net liabilities

 

(9,116)

Capital and reserves

 

Called up share capital

1

Profit and loss account

(9,117)

Shareholders' deficit

 

(9,116)

For the financial period ending 31 July 2024 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 period 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 Statement of Comprehensive Income.

Approved and authorised by the director on 7 August 2025
 


Mr S Cardwell
Director

 

UTECH Managment Services Ltd

Notes to the Unaudited Financial Statements for the Period from 6 July 2023 to 31 July 2024

1

General information

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

The address of its registered office is:
Cresva
Penpol
Devoran
Cornwall
TR3 6NA

Principal activity

The principal activity of the company is the provision of management services.

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.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

 

UTECH Managment Services Ltd

Notes to the Unaudited Financial Statements for the Period from 6 July 2023 to 31 July 2024 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Accruals and deferred income

1,746

Other creditors

116,746

118,492

5

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

 

UTECH Managment Services Ltd

Notes to the Unaudited Financial Statements for the Period from 6 July 2023 to 31 July 2024 (continued)

6

Related party transactions

Transactions with the director

2024

At 6 July 2023
£

Advances to director
£

Repayments by director
£

At 31 July 2024
£

Director

-

30,001

(146,747)

(116,746)

         
       

 

Directors' loans are repayable on demand and subject to interest on overdrawn balances at the official rate.

7

Going concern

These financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future.

The validity of this assumption depends on the continued support of the company's directors and creditors.

If the company were unable to continue in operational existence for the foreseeable future, adjustments would need to be made to reduce the balance sheet values of assets to their recoverable amounts, and to provide for further liabilities that might arise, and to reclassify fixed assets and long term liabilities as current assets and current liabilities.

The directors believe it is appropriate for the financial statements to be prepared on the going concern basis.