Universal Retail Group Ltd Accounts






Universal Retail Group Ltd

	Company No. 14878851
		Information for Filing with The Registrar
		31 May 2025

at	31 May 2025
Company No.		14878851	Notes	2025	2024
				£	£
Fixed assets

	Tangible assets		4	1,077,554	705,473


				1,077,554	705,473
Current assets
	Stocks			211,103	67,772
	Debtors			243,700	62,864

	Cash at bank and in hand			63,336	10,224
				518,139	140,860
Creditors: Amount falling due within one year				(1,451,222)	(439,928)
Net current liabilities				(933,083)	(299,068)
Total assets less current liabilities				144,471	406,405
Creditors: Amounts falling due after more than one year				(352,193)	(479,166)



Net liabilities				(207,722)	(72,761)

Capital and reserves
	Called up share capital			10	10



	Profit and loss account		5	(207,732)	(72,771)

Total equity				(207,722)	(72,761)



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 May 2025 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.

All the members have consented to the preparation of abridged financial statements for the year ended 31 May 2025 in accordance with the Companies Act 2006.

As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 20 May 2026 and signed on its behalf by:
R. Nadarajah
Director
20 May 2026

for the year ended 31 May 2025

General information

Universal Retail Group Ltd is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 14878851

Its registered office is:

4 Whitchurch Parade

Whitchurch Lane

Edgware

Middlesex

HA8 6LR

The abridged accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006, including the provisions permitting an abridged profit and loss account and balance sheet to be prepared.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

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.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Plant and machinery

10% Straight line

Furniture, fittings and equipment

10% Straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other 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.

3	Employees
			2025	2024
			Number	Number
		The average monthly number of employees (including directors) during the year was:	52	18

4	Tangible fixed assets
			Total
			£
		Cost or revaluation
		At 1 June 2024	729,226
		Additions	474,113



		At 31 May 2025	1,203,339
		Depreciation
		At 1 June 2024	23,753
		Charge for the year	102,032



		At 31 May 2025	125,785
		Net book values
		At 31 May 2025	1,077,554
		At 31 May 2024	705,473

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.