ACCOUNTS - Final Accounts

UNIVERSAL ENVIRONMENTAL (INFORMATION) ACCESS LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2022-05-312022-05-3132021-06-01falseManagement consultancy activities other than financial managementtrue3trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08060498 2021-06-01 2022-05-31 08060498 2020-06-01 2021-05-31 08060498 2022-05-31 08060498 2021-05-31 08060498 c:Director3 2021-06-01 2022-05-31 08060498 d:CurrentFinancialInstruments 2022-05-31 08060498 d:CurrentFinancialInstruments 2021-05-31 08060498 d:Non-currentFinancialInstruments 2022-05-31 08060498 d:Non-currentFinancialInstruments 2021-05-31 08060498 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 08060498 d:CurrentFinancialInstruments d:WithinOneYear 2021-05-31 08060498 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 08060498 d:Non-currentFinancialInstruments d:AfterOneYear 2021-05-31 08060498 d:ShareCapital 2022-05-31 08060498 d:ShareCapital 2021-05-31 08060498 d:RetainedEarningsAccumulatedLosses 2022-05-31 08060498 d:RetainedEarningsAccumulatedLosses 2021-05-31 08060498 c:FRS102 2021-06-01 2022-05-31 08060498 c:AuditExempt-NoAccountantsReport 2021-06-01 2022-05-31 08060498 c:FullAccounts 2021-06-01 2022-05-31 08060498 c:PrivateLimitedCompanyLtd 2021-06-01 2022-05-31 iso4217:GBP xbrli:pure

Registered number: 08060498

UNIVERSAL ENVIRONMENTAL (INFORMATION) ACCESS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2022

UNIVERSAL ENVIRONMENTAL (INFORMATION) ACCESS LIMITED

REGISTERED NUMBER: 08060498

BALANCE SHEET

AS AT 31 MAY 2022

		2022		2021
Note		£		£


Current assets
Stocks		3,333,805		2,492,172
Debtors: amounts falling due within one year	4	607,517		322,569
Cash at bank and in hand		78,492		119,188
		4,019,814		2,933,929
Creditors: amounts falling due within one year	5	(3,804,434)		(2,856,503)
Net current assets			215,380		77,426
Creditors: amounts falling due after more than one year	6		(37,500)		-

Net assets			177,880		77,426

Capital and reserves
Called up share capital	10	10
Profit and loss account	177,870	77,416
	177,880	77,426

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UNIVERSAL ENVIRONMENTAL (INFORMATION) ACCESS LIMITED

REGISTERED NUMBER: 08060498

BALANCE SHEET (CONTINUED)

AS AT 31 MAY 2022

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 have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 March 2023.

M E Adams

Director

The notes on pages 3 to 5 form part of these financial statements.

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UNIVERSAL ENVIRONMENTAL (INFORMATION) ACCESS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2022

1.	General information

Universal Environmental (Information) Access Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 08060498). Its registered office is 2 Ashgate Road, Chesterfield, S40 4AA. The principal activity of the Company throughout the year continued to be that of provision of legal services to clients.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The Company's functional and presentational currency is pounds sterling.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue 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 following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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UNIVERSAL ENVIRONMENTAL (INFORMATION) ACCESS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2022

2.Accounting policies (continued)

2.3

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties, and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
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.

2.4

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Employees

The average monthly number of employees, including directors, during the year was 3 (2021 - 3).

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UNIVERSAL ENVIRONMENTAL (INFORMATION) ACCESS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2022

Debtors

					2022	2021
					£	£


Trade debtors	90,854	93,000
Other debtors	423,803	226,501
Prepayments and accrued income	5,018	3,068
Tax recoverable	87,842	-
	607,517	322,569

5.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Bank loans	10,000	-
Trade creditors	554,947	1,086,645
Corporation tax	109,038	57,510
Other creditors	3,124,847	1,708,697
Accruals and deferred income	5,602	3,651
	3,804,434	2,856,503

6.	Creditors: Amounts falling due after more than one year
		2022	2021
		£	£

	Bank loans	37,500	-

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