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Company Registration No. 04114468 (England and Wales)
Undershot Ltd Unaudited accounts for the year ended 31 December 2024
Undershot Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Undershot Ltd Company Information for the year ended 31 December 2024
Director
R Woolley
Company Number
04114468 (England and Wales)
Registered Office
Crown House York Road, Shiptonthorpe York East Yorkshire YO43 3PF United Kingdom
Accountants
Woolley & Co - Accountants and Chartered Tax Advisors Crown House, York Road Shiptonthorpe York East Yorkshire YO43 3PF
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Undershot Ltd Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Intangible assets
4
1
1
Current assets
Inventories
600
-
Debtors
6
6,995
20,298
Cash at bank and in hand
4,542
6
12,137
20,304
Creditors: amounts falling due within one year
7
(544)
(1,034)
Net current assets
11,593
19,270
Net assets
11,594
19,271
Capital and reserves
Called up share capital
100
100
Profit and loss account
11,494
19,171
Shareholders' funds
11,594
19,271
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 January 2025 and were signed on its behalf by
R Woolley Director Company Registration No. 04114468
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Undershot Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Undershot Ltd is a private company, limited by shares, registered in England and Wales, registration number 04114468. The registered office is Crown House, York Road, Shiptonthorpe, York, East Yorkshire, YO43 3PF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on a written down value
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Intangible fixed assets
Other
£
Cost
At 1 January 2024
97,606
At 31 December 2024
97,606
Amortisation
At 1 January 2024
97,605
At 31 December 2024
97,605
Net book value
At 31 December 2024
1
At 31 December 2023
1
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Undershot Ltd Notes to the Accounts for the year ended 31 December 2024
5
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 January 2024
28,539
At 31 December 2024
28,539
Depreciation
At 1 January 2024
28,539
At 31 December 2024
28,539
Net book value
At 31 December 2024
-
6
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
-
1,620
Amounts due from group undertakings etc.
3,275
11,000
Other debtors
3,720
7,678
6,995
20,298
7
Creditors: amounts falling due within one year
2024
2023
£
£
Taxes and social security
544
646
Other creditors
-
388
544
1,034
8
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
R Woolley
Loan
7,678
3,720
7,678
3,720
7,678
3,720
7,678
3,720
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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