Ultra Violet Designers Architects Limited Filleted accounts for Companies House (small and micro)

ULTRA VIOLET DESIGNERS ARCHITECTS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 03571179

ULTRA VIOLET DESIGNERS ARCHITECTS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED

30 September 2022

ULTRA VIOLET DESIGNERS ARCHITECTS LIMITED

FINANCIAL STATEMENTS

PERIOD FROM 1 APRIL 2021 TO 30 SEPTEMBER 2022

Contents	Page

Statement of financial position	1

Notes to the financial statements	2

ULTRA VIOLET DESIGNERS ARCHITECTS LIMITED

STATEMENT OF FINANCIAL POSITION

30 September 2022

	30 Sep 22		31 Mar 21
Note	£	£	£	£

CURRENT ASSETS

Debtors	5	–	66,560
Cash at bank and in hand		272	4,873
		----	--------
		272	71,433

CREDITORS: amounts falling due within one year	6	–		29,384
		----		--------
NET CURRENT ASSETS			272		42,049
			----		--------
TOTAL ASSETS LESS CURRENT LIABILITIES			272		42,049

CREDITORS: amounts falling due after more than one year	7	–	44,495
		----	--------
NET ASSETS/(LIABILITIES)		272	( 2,446)
		----	--------

CAPITAL AND RESERVES

Called up share capital	4	4
Profit and loss account	268	( 2,450)
	----	-------
SHAREHOLDERS FUNDS/(DEFICIT)	272	( 2,446)
	----	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the period ending 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 9 December 2022 , and are signed on behalf of the board by:

Mr M D Haley	Mr W T B McGuinness
Director	Director

Company registration number: 03571179

ULTRA VIOLET DESIGNERS ARCHITECTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 1 APRIL 2021 TO 30 SEPTEMBER 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lynton House, 7 - 12 Tavistock Square, London, WC1H 9BQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. No cash flow statement has been presented for the company.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	25% reducing balance
Office equipment	-	33% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Tangible assets

	Plant and machinery	Fixtures and fittings	Computer equipment	Total
	£	£	£	£
Cost
At 1 April 2021 and 30 September 2022	1,250	8,751	32,032	42,033
	-------	-------	--------	--------
Depreciation
At 1 April 2021 and 30 September 2022	1,250	8,751	32,032	42,033
	-------	-------	--------	--------
Carrying amount
At 30 September 2022	–	–	–	–
	-------	-------	--------	--------
At 31 March 2021	–	–	–	–
	-------	-------	--------	--------

5. Debtors

	30 Sep 22	31 Mar 21
	£	£
Other debtors	–	66,560
	----	--------

6. Creditors: amounts falling due within one year

	30 Sep 22	31 Mar 21
	£	£
Bank loans and overdrafts	–	5,505
Trade creditors	–	2
Amounts owed to group undertakings and undertakings in which the company has a participating interest	–	20,807
Social security and other taxes	–	70
Other creditors	–	3,000
	----	--------
	–	29,384
	----	--------

7. Creditors: amounts falling due after more than one year

	30 Sep 22	31 Mar 21
	£	£
Bank loans and overdrafts	–	44,495
	----	--------

8. Controlling party

The company was under the control of the directors throughout the current and previous year.