Uniflair UK Ltd 31/12/2024 iXBRL

Company registration number: 02404629

Uniflair UK Ltd

Abridged filleted financial statements

31 December 2024

Uniflair UK Ltd

Directors and other information


	Directors	Mr J T Coles
		Mr M I Jenkins


	Secretary	C K Wilmot


	Company number	02404629


	Registered office	8 Deer Park Road
		London
		SW19 3UU


	Auditor	Axis Accountants Ltd
		Zeal House, Suite 14
		8 Deer Park Road
		London
		SW19 3GY




	Bankers	Natwest Bank plc

Uniflair UK Ltd

Directors responsibilities statement

Year ended 31 December 2024

The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgments and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Uniflair UK Ltd

Abridged statement of financial position

31 December 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Tangible assets	6	112,951		118,190
		_______		_______
			112,951		118,190

Current assets
Stocks		180,306		29,953
Debtors		2,028,252		3,786,711
Cash at bank and in hand		520,182		105,810
		_______		_______
		2,728,740		3,922,474
Creditors: amounts falling due
within one year		( 1,817,433)		( 3,021,546)
		_______		_______
Net current assets			911,307		900,928
			_______		_______
Total assets less current liabilities			1,024,258		1,019,118

Creditors: amounts falling due
after more than one year			( 50,897)		( 59,513)
			_______		_______
Net assets			973,361		959,605
			_______		_______

Capital and reserves
Called up share capital			377,000		377,000
Share premium account			19,000		19,000
Profit and loss account			577,361		563,605
			_______		_______
Shareholders funds			973,361		959,605
			_______		_______

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.

All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements were approved by the board of directors and authorised for issue on 26 September 2025 , and are signed on behalf of the board by:

Mr J T Coles

Director

Company registration number: 02404629

Uniflair UK Ltd

Notes to the financial statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Zeal House, 8 Deer Park Road, London, SW19 3UU.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in thereporting period. Tax is recognised in the statement of comprehensive income, except to the extent thatit relates to items recognised in other comprehensive income or directly in capital and reserves. In thiscase, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured atthe amounts of tax expected to pay or recover using the tax rates and laws that have been enacted orsubstantively enacted at the reporting date.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	18 %	reducing balance
Motor vehicles	-	30 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a 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. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Auditors remuneration

	2024	2023
	£	£

Fees payable to
Fees payable for the audit of the financial statements	3,000	3,000
	_______	_______

5. Employee numbers

The average number of persons employed by the company during the year amounted to 13 (2023: 13 ).

6. Tangible assets


		£
	Cost
	At 1 January 2024	331,139
	Additions	40,707
	Disposals	( 35,051)
		_______
	At 31 December 2024	336,795
		_______
	Depreciation
	At 1 January 2024	212,949
	Charge for the year	38,020
	Disposals	( 27,125)
		_______
	At 31 December 2024	223,844
		_______
	Carrying amount
	At 31 December 2024	112,951
		_______
	At 31 December 2023	118,190
		_______

7. Limitation of auditors liability

A company has entered into a liability limitation agreement with its auditors for the year ended 31 December 2024 on the terms that the maximum aggregate amount of the auditor's liability to company shall not exceed the lower of; 1) the sum of 10 times of audit fees payable (excluding expenses and Value Added Tax) or 2) £25,000 The resolution approving the agreement was passed on 26 September 2025.

8. Summary audit opinion

The auditor's report dated 26 September 2025 was unqualified.

The senior statutory auditor was Sohaib Akram for and on behalf of Axis Accountants Ltd

9. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2024	2023	2024	2023
	£	£	£	£
Zeal Holdings 4 Ltd - Intermediate Holding Company	-	-	1,371,265	1,529,626
Uniflair Ltd - Subsidiary Company	-	-	( 18,660)	( 28,602)
Coles Holdings Limited - Ultimate Holding Company	-	-	( 7,158)	( 67,158)
Coles Holdings Limited - Ultimate Holding Company	93,933	188,240	( 146)	( 107,663)
PLH Medical Ltd - Fellow Subsidiary Company	150,000	100,000	-	-
PLH Medical Ltd - Fellow Subsidiary Company	101,242	116,219	( 27,683)	( 24,749)
PLH Medical Ltd - Fellow Subsidiary Company	-	-	( 7,214)	( 157,214)
Coles Holdings Limited - Ultimate Holding Company	-	-	-	1,448
Zeal Holdings 3 Ltd - Fellow Subsidiary Company	-	-	( 164,307)	( 164,307)
Zeal Clean Supplies Ltd - Fellow Subsidiary Company	24,801	26,106	29,747	15,745
	_______	_______	_______	_______

The nature of transactions to the related parties are as follows: Zeal Holdings 4 Ltd (Loan receivable), Uniflair Ltd (Loan payable / receivable), Coles Holdings Ltd (Management expenses and loan payable), PLH Medical Ltd (Cross management charges and loan payable), Zeal Holdings 3 Ltd (Loan payable) and Zeal Clean Supplies Ltd (Sales).

10. Controlling party

The company is under the control of Mr J T Coles , a shareholder and director of the ultimate holding company, Coles Holdings Limited.