General Information
UK Debt Service Ltd is a private company, limited by shares , registered in England and Wales , registration number 11671903 , registration address C/O Burton Varley Ltd, Suite 3, 2nd Floor, Didsbury House, , 748 - 754 Wilmslow Road, Manchester, M20 2DW.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Trade Mark
Trade Mark is stated at cost less amortization. Amortization is calculated on a straight line basis over the estimated expected useful economic life of the Trade Mark of 5 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Motor Vehicles |
25% Straight Line
|
| Computer Equipment |
25% Straight Line
|
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 6 (2024 : 8).
|
| 3. |
Intangible fixed assets
| Cost |
Trade Mark |
|
Total |
| |
£ |
|
£ |
| At 01 December 2024 |
543 |
|
543 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 30 November 2025 |
543 |
|
543 |
| Amortisation |
| At 01 December 2024 |
109 |
|
109 |
| Charge for year |
109 |
|
109 |
| On disposals |
- |
|
- |
| At 30 November 2025 |
218 |
|
218 |
| Net book values |
| At 30 November 2025 |
325 |
|
325 |
| At 30 November 2024 |
434 |
|
434 |
|
| 4. |
Tangible fixed assets
| Cost or valuation |
Motor Vehicles |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 December 2024 |
189,321 |
|
18,017 |
|
207,338 |
| Additions |
- |
|
351 |
|
351 |
| Disposals |
- |
|
- |
|
- |
| At 30 November 2025 |
189,321 |
|
18,368 |
|
207,689 |
| Depreciation |
| At 01 December 2024 |
76,468 |
|
9,207 |
|
85,675 |
| Charge for year |
36,906 |
|
3,644 |
|
40,550 |
| On disposals |
- |
|
- |
|
- |
| At 30 November 2025 |
113,374 |
|
12,851 |
|
126,225 |
| Net book values |
| Closing balance as at 30 November 2025 |
75,947 |
|
5,517 |
|
81,464 |
| Opening balance as at 01 December 2024 |
112,855 |
|
8,809 |
|
121,664 |
|
| 5. |
Share Capital
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
100
Class A shares of £1.00 each |
100 |
|
100 |
|
100 |
|
100 |
|
2
|