REGISTERED NUMBER: 07977308 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

UNIVERSAL TURBOS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Nicoll

G F Page

Mrs A P Nicoll

C Lane

SECRETARY:

G Nicoll

REGISTERED OFFICE:

The Gatehouse

Wick Drive

New Milton

Hampshire

BH25 6SJ

REGISTERED NUMBER:

07977308 (England and Wales)

ACCOUNTANTS:

Richard Baker & Co.

The Gatehouse

Wick Drive

New Milton

Hampshire

BH25 6SJ

FIXED ASSETS

Intangible assets

4

155,000

170,000

Tangible assets

5

92,109

79,588

247,109

249,588

CURRENT ASSETS

Stocks

228,217

212,636

Debtors

6

127,373

166,228

Cash at bank and in hand

413

45,483

356,003

424,347

CREDITORS

Amounts falling due within one year

7

472,950

401,953

NET CURRENT (LIABILITIES)/ASSETS

(116,947

)

22,394

TOTAL ASSETS LESS CURRENT LIABILITIES

130,162

271,982

PROVISIONS FOR LIABILITIES

20,264

19,368

NET ASSETS

109,898

252,614

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

108,898

251,614

SHAREHOLDERS' FUNDS

109,898

252,614

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2025 and were signed on its behalf by:

G Nicoll - Director

1.	STATUTORY INFORMATION

UNIVERSAL TURBOS 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery 15% reducing balance, Fixtures, fittings and equipment 15% reducing balance, Motor Vehicles 25% reducing balance, Computer equipment 20% reducing balance.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

350,000

AMORTISATION

At 1 April 2024

180,000

Charge for year

15,000

At 31 March 2025

195,000

NET BOOK VALUE

At 31 March 2025

155,000

At 31 March 2024

170,000

5.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Plant and

and

Motor

Computer

machinery

equipment

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

120,514

48,051

26,394

8,330

203,289

Additions

30,110

2,700

-

-

32,810

Disposals

(4,167

)

-

-

-

(4,167

)

At 31 March 2025

146,457

50,751

26,394

8,330

231,932

DEPRECIATION

At 1 April 2024

82,555

29,083

5,908

6,155

123,701

Charge for year

7,436

3,130

5,121

435

16,122

At 31 March 2025

89,991

32,213

11,029

6,590

139,823

NET BOOK VALUE

At 31 March 2025

56,466

18,538

15,365

1,740

92,109

At 31 March 2024

37,959

18,968

20,486

2,175

79,588

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

79,064

119,834

Other debtors

48,309

46,394

127,373

166,228

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

59,047

29,420

Hire purchase contracts

12,881

17,427

Trade creditors

167,401

180,932

Taxation and social security

45,000

105,511

Other creditors

188,621

68,663

472,950

401,953