UKLD Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08526284 (England and Wales)

Unaudited Financial Statements

for the Period 29 April 2016 to 28 September 2017

for

UKLD Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

D R Le Neveu

REGISTERED OFFICE:

Brook House

Moss Grove

Kingswinford

West Midlands

DY6 9HS

REGISTERED NUMBER:

08526284 (England and Wales)

ACCOUNTANTS:

Wilkes Tranter & Co Limited

Brook House

Moss Grove

Kingswinford

West Midlands

DY6 9HS

The following reproduces the text of the report prepared for the director in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act

2006, the company is only required to file a Balance Sheet. Readers are cautioned that the

Income Statement and certain other primary statements and the Director's Report are not

required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for

your approval the financial statements of UKLD Limited for the period ended 28 September 2017

which comprise the Profit and Loss Account, Balance Sheet and the related notes from the

company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of UKLD Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of UKLD Limited and state those matters that we have agreed to state to the director of UKLD Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than UKLD Limited and its director for our work or for this report.

It is your duty to ensure that UKLD Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of UKLD Limited. You consider that UKLD Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of UKLD Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Wilkes Tranter & Co Limited

Brook House

Moss Grove

Kingswinford

West Midlands

DY6 9HS

12 February 2019

FIXED ASSETS

Tangible assets

4

47,796

10,928

Investments

5

100

-

47,896

10,928

CURRENT ASSETS

Stocks

879,177

130,000

Debtors

6

1,016,007

592,707

Cash at bank

50,237

60,838

1,945,421

783,545

CREDITORS

Amounts falling due within one year

7

(1,982,166

)

(738,911

)

NET CURRENT (LIABILITIES)/ASSETS

(36,745

)

44,634

TOTAL ASSETS LESS CURRENT LIABILITIES

11,151

55,562

PROVISIONS FOR LIABILITIES

(9,081

)

(2,185

)

NET ASSETS

2,070

53,377

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,970

53,277

2,070

53,377

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 September 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 September 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 12 February 2019 and were signed by:

D R Le Neveu - Director

R Lal - Director

1.	STATUTORY INFORMATION

UKLD Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the

Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about UKLD Limited as an individual company

and do not contain consolidated financial information as the parent of a group. The company

has taken the option under Section 398 of the Companies Act 2006 not to prepare

consolidated financial statements.

Turnover

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit

and Loss account, except to the extent that it relates to items recognised in other

comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that

have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred

tax is measured using tax rates and laws that have been enacted or substantively enacted

by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it

is probable that they will be recovered against the reversal of deferred tax liabilities or other

future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 29 April 2016

-

15,566

-

15,566

Additions

22,639

13,790

10,250

46,679

At 28 September 2017

22,639

29,356

10,250

62,245

DEPRECIATION

At 29 April 2016

-

4,638

-

4,638

Charge for period

2,609

5,280

1,922

9,811

At 28 September 2017

2,609

9,918

1,922

14,449

NET BOOK VALUE

At 28 September 2017

20,030

19,438

8,328

47,796

At 28 April 2016

-

10,928

-

10,928

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

100

At 28 September 2017

100

NET BOOK VALUE

At 28 September 2017

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

611,784

184,108

Amounts owed by group undertakings

222,836

108,526

Other debtors

181,387

300,073

1,016,007

592,707

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

524,181

193,650

Amounts owed to group undertakings

911,852

92,000

Taxation and social security

71,120

220,596

Other creditors

475,013

232,665

1,982,166

738,911

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the period the company made a loan to D R Le Neveu. Interest was charged at the

official rate of interest. The loan was unsecured and repayable on demand. The amount

outstanding at 28 September 2017 was £45,006 (2016 - £287,901).