Caseware UK (AP4) 2024.0.164 2024.0.164 2025-07-31 2025-05-09 2025-05-09 2025-07-31 2024-08-01 false 8 8 true false The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04170975 2024-08-01 2025-07-31 04170975 2023-08-01 2024-07-31 04170975 2025-07-31 04170975 2024-07-31 04170975 c:CompanySecretary1 2024-08-01 2025-07-31 04170975 c:Director1 2024-08-01 2025-07-31 04170975 c:Director2 2024-08-01 2025-07-31 04170975 c:Director4 2024-08-01 2025-07-31 04170975 c:Director5 2024-08-01 2025-07-31 04170975 c:Director10 2024-08-01 2025-07-31 04170975 c:Director12 2024-08-01 2025-07-31 04170975 c:Director14 2024-08-01 2025-07-31 04170975 c:Director14 2025-07-31 04170975 c:Director15 2024-08-01 2025-07-31 04170975 c:Director15 2025-07-31 04170975 c:RegisteredOffice 2024-08-01 2025-07-31 04170975 d:CurrentFinancialInstruments 2025-07-31 04170975 d:CurrentFinancialInstruments 2024-07-31 04170975 d:CurrentFinancialInstruments d:WithinOneYear 2025-07-31 04170975 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 04170975 d:RetainedEarningsAccumulatedLosses 2025-07-31 04170975 d:RetainedEarningsAccumulatedLosses 2024-07-31 04170975 c:FRS102 2024-08-01 2025-07-31 04170975 c:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 04170975 c:FullAccounts 2024-08-01 2025-07-31 04170975 c:CompanyLimitedByGuarantee 2024-08-01 2025-07-31 04170975 e:PoundSterling 2024-08-01 2025-07-31 iso4217:GBP xbrli:pure

Registered Number:04170975 UAG LIMITED (A Company Limited by Guarantee) UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
UAG LIMITED (A Company Limited by Guarantee)
COMPANY INFORMATION
Directors | A Charnock
| L Cole
| T Hibbert (Chair)
| A Parsons
| R Bloomer
| L Taylor
| C Milligan (resigned 9 May 2025)
| R Boyce (appointed 1 October 2024)
Company secretary | R Bloomer
Registered number | 04170975
Registered office | University of East Anglia
| Earlham Road
| Norwich
| NR4 7TJ
Accountants | Scrutton Bland Limited
| Accountants
| 820 The Crescent
| Colchester Business Park
| Colchester
| Essex
| CO4 9YQ
UAG LIMITED (A Company Limited by Guarantee)
CONTENTS
| Page
Directors' Report | 1 - 2
Profit and Loss Account | 3
Balance Sheet | 4
Notes to the Financial Statements | 5 - 7
UAG LIMITED (A Company Limited by Guarantee)
DIRECTORS' REPORT FOR THE YEAR ENDED 31 JULY 2025 The directors present their report and the financial statements for the year ended 31 July 2025.
Principal activity
The company is limited by guarantee and was incorporated on 1 March 2001 by a group of 37 British Universities. It was established to carry on the business of selection and appointment of advertising agents and management of contracts placed with such agents. Each of these existing original full members (now 35 in total) hold an entitlement to any future profit from the company's operations. The company is funded by subscriptions paid by the Universities within its membership. It should be noted that there are two classes of members within UAG Limited: 35 full members who benefit from an interest in jobs.ac.uk and other media advertising arrangements; and 3 Associate members who benefit only from other media advertising arrangements negotiated by UAG Limited for the total membership. The 35 full (original) members hold a "Golden Share" interest in jobs.ac.uk which means that the venture cannot be sold without the involvements and agreement of these 35 original UAG members. The subscription rate of £800 for full members has been maintained during the financial year, with associate members paying a subscription rate of £500, and these rates were agreed until July 2025. The staff recruitment landscape in higher education in the UK remains increasingly competitive and challenging, with universities continuing to face pressure to attract and retain top talent amid growing demand for specialized skills and expertise, while maintaining cost constrained recruitment activity. Institutions are navigating significant budget constraints, evolving expectations around diversity and inclusion, and the impact of Brexit on the availability of international staff alongside an increasingly tense geopolitical landscape. There is also a rising focus on mental health and work-life balance, making it essential for universities to offer attractive, supportive working environments to ensure long-term staff retention. UAG continues to provide value for money for members through its membership, with all full members achieving significant returns on investment and positioning UAG as a value adding collaborative organisation in the higher education sector, in line with Universities UK research on driving efficiency in Higher Education.
Directors
The end date of all current Directors' terms of office is 31 July 2026. The directors who served during the year were:
A Charnock
L Cole
T Hibbert (Chair)
A Parsons
R Bloomer
L Taylor
C Milligan (resigned 9 May 2025)
R Boyce (appointed 1 October 2024)
- 1 -
UAG LIMITED (A Company Limited by Guarantee) DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025
Small companies note
In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006. This report was approved by the board on 16 March 2026 and signed on its behalf.
R Bloomer Director
- 2 -
UAG LIMITED (A Company Limited by Guarantee)
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 JULY 2025
| 2025 | 2024
Note | £ | £
Turnover |  | 29,500 | 29,500
Gross profit |  | 29,500 | 29,500
Administrative expenses |  | (9,752) | (9,886)
Profit for the financial year |  | 19,748 | 19,614
The notes on pages 5 to 7 form part of these financial statements.
- 3 -
UAG LIMITED (A Company Limited by Guarantee) REGISTERED NUMBER:04170975
BALANCE SHEET AS AT 31 JULY 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 4 | 155,294 |  | 135,546 |
|  | 155,294 |  | 135,546 |
Creditors: amounts falling due within one year | 5 | (20,849) |  | (20,849) |
Net current assets |  |  | 134,445 |  | 114,697
Total assets less current liabilities |  |  | 134,445 |  | 114,697
Net assets |  |  | 134,445 |  | 114,697
Capital and reserves |  |  |  |  |
Profit and loss account |  |  | 134,445 |  | 114,697
|  |  | 134,445 |  | 114,697
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared 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 financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 March 2026.
R Bloomer
Director
The notes on pages 5 to 7 form part of these financial statements. - 4 -
UAG LIMITED (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
1. | General information
UAG Limited is a private company limited by guarantee, incorporated in England and Wales, registration number 04170975. The address of the registered office is University of East Anglia, Earlham Road, Norwich, NR4 7TJ. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Going concern
The directors consider that the company is a going concern and have continued to prepare the financial statements on a going concern basis.
| 2.3 | Revenue
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The turnover shown in the profit and loss account represents subscription income receivable for the year.
| 2.4 | Taxation
The company is treated for corporation tax purposes as being mutally trading and is not liable to UK corporation tax on its trading profits.
| 2.5 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.6 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. - 5 -
UAG LIMITED (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 2.Accounting policies (continued)
| 2.7 | Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans to related parties. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
3. | Employees
| The average monthly number of employees, including directors, during the year was 8 (2024 - 8).
4. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | 150,294 | 135,546
| Prepayments | 5,000 | -
|  | 155,294 | 135,546
| The amount of £150,294 (2024: £135,546) is owed by the University of East Anglia, which acts as banker to UAG Limited.
5. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other creditors | 20,849 | 20,849
| Included within other creditors is a balance of £20,849 (2024: £20,849) which is an amount due to the members.
- 6 -
UAG LIMITED (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
6. | Related party transactions
| All of the original remaining 35 full members of the Universities Advertising Group (now UAG Limited) are deemed to be related parties due to the fact that they are stakeholders in the company. In addition, 3 associate members remain who have joined UAG Limited since 1 August 2002 and they are also deemed to be related parties as associate members of UAG Limited. The company is wholly owned by its members. The University of East Anglia, a member institution, acts as the financial advisor to the company. This service is provided on normal commercial terms. A small amount of administrative time was suffered by the University on behalf of the company. The cost of this time is not quantifiable. The balance due from the University of East Anglia is disclosed in note 4 of the financial statements.
- 7 -