United Business Group IT Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

1. General Information

United Business Group IT Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08622824 . The registered office is Unit 80 Barwell Business Park, Leatherhead Road, Chessington, KT9 2NY.

The presentation currency of the financial statements is the Pound Sterling (£).

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Assets held under finance leases are depreciated in the same way as owned assets.

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% on reducing balance
Fixtures & Fittings	25% on reducing balance

2.4. Financial Instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances are measured at transaction price

including transaction costs.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.

Basic financial liabilities

Basic financial liabilities, which include trade and other creditors and bank loans payable within one year are not amortised and is recognised at transaction price.

Debt instruments are initially recognised at transaction price plus transaction cost and subsequently carried at amortised cost using the effective interest rate method.

Financial liabilities are derecognised when the company's contractual obligations are discharged.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

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United Business Group IT Ltd

Notes to the Financial Statements (continued)

For the Period 1 November 2023 to 31 January 2025

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 9 (2023: 10)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 November 2023	5,833	1,284	7,117
Additions	5,734	-	5,734
Disposals	(11,567 )	(1,284 )	(12,851 )

As at 31 January 2025	-	-	-

Depreciation
As at 1 November 2023	2,822	1,045	3,867
Provided during the period	2,158	35	2,193
Disposals	(4,980 )	(1,080 )	(6,060 )

As at 31 January 2025	-	-	-

Net Book Value
As at 31 January 2025	-	-	-

As at 1 November 2023	3,011	239	3,250

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United Business Group IT Ltd

Notes to the Financial Statements (continued)

For the Period 1 November 2023 to 31 January 2025

5. Debtors

	31 January 2025	31 October 2023
	£	£
Due within one year
Trade debtors	-	138,581
Prepayments and accrued income	-	23,069
Amounts owed by group undertakings	-	66,072

	-	227,722
Due after more than one year
Other debtors	-	690

	-	228,412

6. Creditors: Amounts Falling Due Within One Year

	31 January 2025	31 October 2023
	£	£
Trade creditors	-	85,930
Corporation tax	-	20,437
Other taxes and social security	-	7,419
VAT	-	22,521
Other creditors	-	975
Accruals and deferred income	-	37,580

	-	174,862

7. Post Balance Sheet Events

The company continues as a dormant company post year-end following the hive-up of it's trade, assets and liabilities into it's

immediate parent company on 31 January 2025. An application to strike the company off of the registrar will follow.

8. Related Party Disclosures

The company has taken advantage of exemption, under 33.1A of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose transactions with wholly owned subsidiaries within the group.

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		31 January 2025		31 October 2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		3,250

			-		3,250
CURRENT ASSETS
Debtors	5	-		228,412
Cash at bank and in hand		-		42,314

		-		270,726
Creditors: Amounts Falling Due Within One Year	6	-		(174,862 )

NET CURRENT ASSETS (LIABILITIES)			-		95,864

TOTAL ASSETS LESS CURRENT LIABILITIES			-		99,114

NET ASSETS			-		99,114

CAPITAL AND RESERVES
Called up share capital			1		1
Profit and Loss Account			(1 )		99,113

SHAREHOLDERS' FUNDS			-		99,114

Mr T Woods Director	Mrs B Woods Director
27 October 2025