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Company Registration No. 12229510 (England and Wales)
UNIUN TECHNOLOGY LIMITED Unaudited accounts for the year ended 31 December 2024
UNIUN TECHNOLOGY LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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UNIUN TECHNOLOGY LIMITED Company Information for the year ended 31 December 2024
Directors
Gareth List James Bateman Andrew Marshall
Company Number
12229510 (England and Wales)
Registered Office
71-75 Shelton Street London WC2H 9JQ
Accountants
Multiply Accountancy Limited 71-75 Shelton Street London WC2H 9JQ
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UNIUN TECHNOLOGY LIMITED Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
1,585,524 
1,809,516 
Tangible assets
5
243 
970 
1,585,767 
1,810,486 
Current assets
Debtors
6
364,838 
375,782 
Cash at bank and in hand
27,695 
110,184 
392,533 
485,966 
Creditors: amounts falling due within one year
7
(3,904,580)
(3,348,881)
Net current liabilities
(3,512,047)
(2,862,915)
Total assets less current liabilities
(1,926,280)
(1,052,429)
Provisions for liabilities
Deferred tax
(396,442)
(352,957)
Net liabilities
(2,322,722)
(1,405,386)
Capital and reserves
Called up share capital
- 
1 
Profit and loss account
(2,322,722)
(1,405,387)
Shareholders' funds
(2,322,722)
(1,405,386)
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 directors acknowledge their 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 of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by
Gareth List Director Company Registration No. 12229510
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UNIUN TECHNOLOGY LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
UNIUN TECHNOLOGY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12229510. The registered office is 71-75 Shelton Street, London, WC2H 9JQ.
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Other tangible fixed assets
3 years straight line
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2024
2,239,916 
At 31 December 2024
2,239,916 
Amortisation
At 1 January 2024
430,400 
Charge for the year
223,992 
At 31 December 2024
654,392 
Net book value
At 31 December 2024
1,585,524 
At 31 December 2023
1,809,516 
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UNIUN TECHNOLOGY LIMITED 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
2,182 
At 31 December 2024
2,182 
Depreciation
At 1 January 2024
1,212 
Charge for the year
727 
At 31 December 2024
1,939 
Net book value
At 31 December 2024
243 
At 31 December 2023
970 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
13,307 
37,328 
Trade debtors
294,899 
318,269 
Accrued income and prepayments
56,632 
20,185 
364,838 
375,782 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
7,835 
33,354 
Amounts owed to group undertakings and other participating interests
- 
2,908,565 
Taxes and social security
36,983 
(61,744)
Other creditors
3,527,829 
1,469 
Accruals
9,688 
98,712 
Deferred income
322,245 
368,525 
3,904,580 
3,348,881 
8
Transactions with related parties
The balance at 31 December 2024 owed to Covarius Group Ltd, is £2,410,874. The balance at 31 December 2024 owed to Covarius Technology Ltd, is £336,147. The balance at 31 December 2024 owed to Covarius Solutions Ltd, is £513,507. The balance at 31 December 2024 owed to Covarius PTY Ltd, is £492,123.
9
Average number of employees
During the year the average number of employees was 8 (2023: 5).
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