Undebt.co.uk Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08229616 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

Undebt.co.uk Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr M J McNaughton

Mr R J Coad

Mr S J Talby

REGISTERED OFFICE:

Orchard Street Business Centre

13-14 Orchard Street

Bristol

BS1 5EH

REGISTERED NUMBER:

08229616 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Tangible assets

4

12,606

13,973

CURRENT ASSETS

Debtors

5

247,171

355,895

Cash at bank

71,124

95,216

318,295

451,111

CREDITORS

Amounts falling due within one year

6

118,314

295,576

NET CURRENT ASSETS

199,981

155,535

TOTAL ASSETS LESS CURRENT LIABILITIES

212,587

169,508

CREDITORS

Amounts falling due after more than one year

7

(22,271

)

(30,156

)

PROVISIONS FOR LIABILITIES

(2,802

)

(3,493

)

NET ASSETS

187,514

135,859

CAPITAL AND RESERVES

Called up share capital

9

1

Retained earnings

10

187,513

135,858

SHAREHOLDERS' FUNDS

187,514

135,859

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th December 2025 and were signed on its behalf by:

Mr M J McNaughton - Director

1.	STATUTORY INFORMATION

Undebt.co.uk Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

COST

At 1st April 2024

28,272

10,194

38,466

Additions

-

2,483

At 31st March 2025

28,272

12,677

40,949

DEPRECIATION

At 1st April 2024

20,445

4,048

24,493

Charge for year

1,957

1,893

3,850

At 31st March 2025

22,402

5,941

28,343

NET BOOK VALUE

At 31st March 2025

5,870

6,736

12,606

At 31st March 2024

7,827

6,146

13,973

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

222,020

320,402

Other debtors

1,222

898

Tax

15,345

Prepayments

8,584

19,250

247,171

355,895

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

6,000

Trade creditors

35,261

107,974

Tax

33,696

47,541

Social security and other taxes

13,481

32,839

VAT

23,103

93,303

Other creditors

1,901

3,983

Directors' current accounts

1,872

936

Accrued expenses

3,000

118,314

295,576

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

Bank loans - 1-2 years

6,000

Bank loans - 2-5 years

16,271

18,000

Bank loans more 5 yr by instal

-

6,156

22,271

30,156

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

6,156

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

Within one year

8,227

7,612

Between one and five years

1,847

6,651

10,074

14,263

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

100

Ordinary

£0.01

1

10.

RESERVES

Retained

earnings

£

At 1st April 2024

135,858

Profit for the year

51,655

At 31st March 2025

187,513