Company Registration No. 09259281 (England and Wales)
Universal Beacon Registration Limited
Unaudited accounts
for the year ended 31 December 2019
Universal Beacon Registration Limited
Unaudited accounts
Contents
Universal Beacon Registration Limited
Company Information
for the year ended 31 December 2019
Company Number
09259281 (England and Wales)
Registered Office
Suite 4.07 Leeming Building
Vicar Lane
Leeds
LS2 7JF
United Kingdom
Accountants
Accounts Lab Ltd
The Leeming Building
Vicar Lane
Leeds
West Yorkshire
LS2 7JF
Universal Beacon Registration Limited
Statement of financial position
as at 31 December 2019
Intangible assets
4,938
5,866
Cash at bank and in hand
39,473
53,620
Creditors: amounts falling due within one year
(76,469)
(76,487)
Net current liabilities
(34,653)
(15,222)
Net liabilities
(29,715)
(9,162)
Called up share capital
5
5
Share premium
362,033
362,033
Profit and loss account
(391,753)
(371,200)
Shareholders' funds
(29,715)
(9,162)
For the year ending 31 December 2019 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 14 December 2020 and were signed on its behalf by
Mr M Warner
Director
Company Registration No. 09259281
Universal Beacon Registration Limited
Notes to the Accounts
for the year ended 31 December 2019
Universal Beacon Registration Limited is a private company, limited by shares, registered in England and Wales, registration number 09259281. The registered office is Suite 4.07 Leeming Building, Vicar Lane, Leeds, LS2 7JF, United Kingdom.
2
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.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Computer equipment
Straight line over 4 years
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life. Amortisation on Trademarks is calculated on a straight line basis over 10 years.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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.
Universal Beacon Registration Limited
Notes to the Accounts
for the year ended 31 December 2019
Expenditure on research and development is written off in the year in which it is incurred.
4
Intangible fixed assets
Other
5
Tangible fixed assets
Computer equipment
Deferred tax asset
-
6,903
7
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
44
-
Taxes and social security
-
245
Loans from directors
76,425
76,242
Universal Beacon Registration Limited
Notes to the Accounts
for the year ended 31 December 2019
8
Average number of employees
During the year the average number of employees was 1 (2018: 2).
