Company Registration No. 01310256 (England and Wales)
Unipools Limited
Unaudited accounts
for the year ended 31 December 2023
Unipools Limited
Unaudited accounts
Contents
Unipools Limited
Company Information
for the year ended 31 December 2023
Company Number
01310256 (England and Wales)
Registered Office
621 Watford Way
Mill Hill
London
NW7 3JN
Accountants
Platts
Unit 5
Swaker Yard
2B Theobald Street
Herts
WD6 4SE
Unipools Limited
Statement of financial position
as at 31 December 2023
Tangible assets
17,917
20,619
Cash at bank and in hand
(19,614)
2,643
Creditors: amounts falling due within one year
(124,639)
(81,245)
Net current liabilities
(89,260)
(25,628)
Total assets less current liabilities
(71,242)
(4,908)
Creditors: amounts falling due after more than one year
(10,995)
(16,995)
Net liabilities
(82,237)
(21,903)
Called up share capital
100
100
Profit and loss account
(82,337)
(22,003)
Shareholders' funds
(82,237)
(21,903)
For the year ending 31 December 2023 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 March 2024 and were signed on its behalf by
Mr S Mindel
Director
Company Registration No. 01310256
Unipools Limited
Notes to the Accounts
for the year ended 31 December 2023
Unipools Limited is a private company, limited by shares, registered in England and Wales, registration number 01310256. The registered office is 621 Watford Way, Mill Hill , London, NW7 3JN.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
Investments in shares are included at fair value.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The accounts are presented in £ sterling.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Unipools Limited
Notes to the Accounts
for the year ended 31 December 2023
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2023
78,210
23,490
101,700
At 31 December 2023
79,105
23,490
102,595
At 1 January 2023
72,210
8,871
81,081
Charge for the year
1,379
2,218
3,597
At 31 December 2023
73,589
11,089
84,678
At 31 December 2023
5,516
12,401
17,917
At 31 December 2022
6,000
14,619
20,619
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Investments
Subsidiary undertakings
Valuation at 1 January 2023
101
Valuation at 31 December 2023
101
Amounts falling due within one year
Trade debtors
10,738
11,629
Accrued income and prepayments
895
1,405
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,000
6,000
Trade creditors
45,339
30,705
Taxes and social security
9,367
17,987
Loans from directors
18,513
23,131
Deferred income
45,420
3,422
Unipools Limited
Notes to the Accounts
for the year ended 31 December 2023
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Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Transactions with related parties
As detailed in the Director's Report, the director owns the company's entire issued share capital.
During the year, rent and charges of £25,000 (2022 - £25,000) were paid to Unipools Executive Pension Scheme. The beneficiary of this scheme is Mr S Mindel, the director.
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Average number of employees
During the year the average number of employees was 4 (2022: 4).
