Registrar

Registration number: 08777606

Universal Aluminium Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Universal Aluminium Limited

Company Information

Directors

D Soar J Welch

Registered office

3 Warners Mill Silks Way Braintree Essex CM7 3GB

Bankers

HSBC Bank Plc 9 Market Place Romford Essex RM1 3AF

Accountants

Lambert Chapman LLP Chartered accountants3 Warners Mill Silks Way Braintree Essex CM7 3GB

Universal Aluminium Limited

(Registration number: 08777606)
Balance Sheet as at 28 November 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	70,548	111,887
Current assets
Stocks	5	6,525	7,020
Debtors	6	205,343	290,567
Cash at bank and in hand		8,069	22,442
		219,937	320,029
Creditors: Amounts falling due within one year	7	(239,134)	(307,103)
Net current (liabilities)/assets		(19,197)	12,926
Total assets less current liabilities		51,351	124,813
Creditors: Amounts falling due after more than one year	7	(45,147)	(68,790)
Provisions for liabilities		(14,572)	(20,609)
Net (liabilities)/assets		(8,368)	35,414
Capital and reserves
Called up share capital	8	4	4
Retained earnings		(8,372)	35,410
Shareholders' (deficit)/funds		(8,368)	35,414

For the financial year ended 28 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 5 September 2025 and signed on its behalf by:
 

D Soar
Director

Universal Aluminium Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 November 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: 3 Warners Mill, Silks Way, Braintree, Essex, CM7 3GB, United Kingdom.

These financial statements were authorised for issue by the Board on 5 September 2025.

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.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of windows and doors in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Universal Aluminium Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 November 2024

Depreciation

Depreciation is charged so as to write off the cost or valuation of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture and fittings	25% Reducing balance
Plant and machinery	25% Reducing balance
Motor vehicles	25% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for goods sold in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Universal Aluminium Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 November 2024

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2023 - 7).

Universal Aluminium Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 November 2024

4	Tangible assets

	Fixtures and fittings  £	Motor vehicles  £	Plant and machinery £	Total £
Cost or valuation
At 29 November 2023	208	79,575	136,387	216,170
Additions	-	-	1,015	1,015
Disposals	-	(35,775)	-	(35,775)
At 28 November 2024	208	43,800	137,402	181,410
Depreciation
At 29 November 2023	4	31,281	72,998	104,283
Charge for the year	51	11,681	16,080	27,812
Eliminated on disposal	-	(21,233)	-	(21,233)
At 28 November 2024	55	21,729	89,078	110,862
Carrying amount
At 28 November 2024	153	22,071	48,324	70,548
At 28 November 2023	204	48,294	63,389	111,887

5

Stocks

	2024 £	2023 £
Stocks	6,525	7,020

6

Debtors

	2024 £	2023 £
Trade debtors	205,165	286,225
Other debtors	-	2,902
Prepayments	178	1,440
	205,343	290,567

Universal Aluminium Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 November 2024

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	9	23,642	22,451
Trade creditors		104,215	140,568
Taxation and social security		53,658	67,893
Other creditors		53,429	69,257
Accruals and deferred income		4,190	6,934
		239,134	307,103

 

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £13,275 (2023 - £12,333).

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	9	45,147	68,790

 

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £39,049 (2023 - £52,325).

8	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £1 each	4	4	4	4

Universal Aluminium Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 November 2024

9	Loans and borrowings

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	10,367	10,118
Hire purchase contracts	13,275	12,333
	23,642	22,451

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	6,098	16,465
Hire purchase contracts	39,049	52,325
	45,147	68,790