Uniblock Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 10374520 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2022

for

Uniblock Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

M Cushen

P Rothwell

S T Crane

M M Tranter

REGISTERED OFFICE:

Office 1

Engine House

Marshalls Yard

Gainsborough

Lincolnshire

DN21 2NA

REGISTERED NUMBER:

10374520 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

Office 1

Engine House

Marshalls Yard

Gainsborough

Lincolnshire

DN21 2NA

FIXED ASSETS

Intangible assets

4

140,343

154,022

Tangible assets

5

546,183

766,296

686,526

920,318

CURRENT ASSETS

Stocks

112,697

71,508

Debtors

6

23,003

38,891

Cash at bank

-

199,560

135,700

309,959

CREDITORS

Amounts falling due within one year

7

132,589

85,993

NET CURRENT ASSETS

3,111

223,966

TOTAL ASSETS LESS CURRENT LIABILITIES

689,637

1,144,284

CREDITORS

Amounts falling due after more than one year

8

(898,765

)

(581,739

)

PROVISIONS FOR LIABILITIES

(103,775

)

(145,596

)

NET (LIABILITIES)/ASSETS

(312,903

)

416,949

CAPITAL AND RESERVES

Called up share capital

10

2

2

Share premium

1,576,290

1,576,290

Revaluation reserve

11

414,474

414,474

Retained earnings

(2,303,669

)

(1,573,817

)

SHAREHOLDERS' FUNDS

(312,903

)

416,949

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2022 and were signed on its behalf by:

M M Tranter - Director

1.	STATUTORY INFORMATION

Uniblock Ltd 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of twenty years.

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

-

20% on cost

Computer equipment

-

20% on cost

Plant and machinery are revalued to fair value less subsequent accumulated depreciation and subsequent impairment losses.

Government grants

Government grants are recognised using the accrual model. Grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

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 year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

There was a net deficiency of assets at the balance sheet date, however the directors have confirmed continued support and consider the company retains sufficient working capital to continue trading for the foreseeable future

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2021 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 March 2021

and 28 February 2022

180,595

AMORTISATION

At 1 March 2021

26,573

Charge for year

13,679

At 28 February 2022

40,252

NET BOOK VALUE

At 28 February 2022

140,343

At 28 February 2021

154,022

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST OR VALUATION

At 1 March 2021

1,094,714

7,057

1,101,771

Additions

290

-

290

At 28 February 2022

1,095,004

7,057

1,102,061

DEPRECIATION

At 1 March 2021

334,582

893

335,475

Charge for year

218,991

1,412

220,403

At 28 February 2022

553,573

2,305

555,878

NET BOOK VALUE

At 28 February 2022

541,431

4,752

546,183

At 28 February 2021

760,132

6,164

766,296

Cost or valuation at 28 February 2022 is represented by:

Plant and

machinery

etc

£

Valuation in 2021

671,403

Cost

430,658

1,102,061

If plant and machinery had not been revalued it would have been included at the following historical cost:

2022

2021

£

£

Cost

423,600

420,311

Aggregate depreciation

213,266

127,956

Plant and machinery was valued on an open market basis basis on 18 November 2020 by Eddisons .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

18,339

19,438

Other debtors

4,664

19,453

23,003

38,891

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

6,708

6,755

Hire purchase contracts

6,090

5,530

Trade creditors

77,448

42,497

Taxation and social security

37,601

27,669

Other creditors

4,742

3,542

132,589

85,993

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

43,269

43,245

Hire purchase contracts

12,176

18,266

Other creditors

843,320

520,228

898,765

581,739

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

19,793

2,796

9.	SECURED DEBTS

The following secured debts are included within creditors:

2022

2021

£

£

Bank overdraft

819

-

Hire purchase contracts

18,266

23,796

19,085

23,796

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

214,540

Ordinary

£0.00001

2

2

11.

RESERVES

Revaluation

reserve

£

At 1 March 2021

and 28 February 2022

414,474

The following reproduces the text of the report prepared for the directors 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 Report of the Directors 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 Uniblock Ltd for the year ended 28 February 2022 which comprise the Income Statement, 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 Board of Directors of Uniblock Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Uniblock Ltd and state those matters that we have agreed to state to the Board of Directors of Uniblock Ltd, as a body, 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 Uniblock Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Uniblock Ltd 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 loss of Uniblock Ltd. You consider that Uniblock Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Uniblock Ltd. 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.

Wright Vigar Limited

Chartered Accountants & Business Advisers

Office 1

Engine House

Marshalls Yard

Gainsborough

Lincolnshire

DN21 2NA

Date: .............................................