Universal Bingham Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04209473

Universal Bingham Limited

Filleted Unaudited Financial Statements

For the year ended

31 January 2026

Universal Bingham Limited

Statement of Financial Position

31 January 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Tangible assets	6		2,552		3,000

Current assets

Stocks		9,925	9,925
Debtors	7	3,432	3,512
		--------	--------
		13,357	13,437

Creditors: amounts falling due within one year	8	15,243		13,576
		--------		--------
Net current liabilities			1,886		139
			-------		-------
Total assets less current liabilities			666		2,861
			----		-------
Net assets			666		2,861
			----		-------

Universal Bingham Limited

Statement of Financial Position (continued)

31 January 2026

	2026		2025
Note	£	£	£	£

Capital and reserves

Called up share capital	89,000	89,000
Profit and loss account	( 88,334)	( 86,139)
	--------	--------
Shareholders funds	666	2,861
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 29 October 2026 , and are signed on behalf of the board by:

Mr. G. Cochran

Director

Company registration number: 04209473

Universal Bingham Limited

Notes to the Financial Statements

Year ended 31 January 2026

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Carlisle Chambers, Carlisle Street, Goole, East Yorkshire, DN14 5DX.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Going concern

The company has not formally traded since May 2014 and the shareholders are currently considering the future plans for the company. The Majority Shareholder has confirmed that they will continue to support the company going forward and therefore the going concern basis of accounting is continued to be adopted in preparing the Financial Statements. The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine, as the company has not formally traded in the year these matters have had little impact on the company's performance.

(c) Current tax

The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

(d) Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	5% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

(e) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

(f) Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & Machinery	-	15% reducing balance
Office Equipment	-	15% reducing balance

(g) Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

(h) Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

(i) Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year, including directors, amounted to 2 (2025: 2 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 February 2025 and 31 January 2026	30,096
	--------
Amortisation
At 1 February 2025 and 31 January 2026	30,096
	--------
Carrying amount
At 31 January 2026	–
	--------
At 31 January 2025	–
	--------

6. Tangible assets

	Plant and machinery	Equipment	Total
	£	£	£
Cost
At 1 February 2025 and 31 January 2026	23,488	6,115	29,603
	--------	-------	--------
Depreciation
At 1 February 2025	20,945	5,658	26,603
Charge for the year	380	68	448
	--------	-------	--------
At 31 January 2026	21,325	5,726	27,051
	--------	-------	--------
Carrying amount
At 31 January 2026	2,163	389	2,552
	--------	-------	--------
At 31 January 2025	2,543	457	3,000
	--------	-------	--------

7. Debtors

	2026	2025
	£	£
Other debtors	3,432	3,512
	-------	-------

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Amounts owed to group undertakings	10,989	10,017
Accruals and deferred income	1,748	853
Corporation tax	–	200
Obligations under finance leases and hire purchase contracts	2,506	2,506
	--------	--------
	15,243	13,576
	--------	--------

9. Controlling party

The ultimate parent company is Coneqtec Corporation Incorporated, a company registered in the United States of America.