UNINEED LIMITED

2021-01-012021-12-312021-12-31false07579042UNINEED LIMITED2022-12-3062090iso4217:GBPxbrli:pure075790422021-01-01075790422021-12-31075790422021-01-012021-12-31075790422020-04-01075790422020-12-31075790422020-04-012020-12-3107579042bus:SmallEntities2021-01-012021-12-3107579042bus:AuditExempt-NoAccountantsReport2021-01-012021-12-3107579042bus:FullAccounts2021-01-012021-12-3107579042bus:PrivateLimitedCompanyLtd2021-01-012021-12-3107579042core:WithinOneYear2021-12-3107579042core:AfterOneYear2021-12-3107579042core:WithinOneYear2020-12-3107579042core:AfterOneYear2020-12-3107579042core:ShareCapital2021-12-3107579042core:SharePremium2021-12-3107579042core:RevaluationReserve2021-12-3107579042core:OtherReservesSubtotal2021-12-3107579042core:RetainedEarningsAccumulatedLosses2021-12-3107579042core:ShareCapital2020-12-3107579042core:SharePremium2020-12-3107579042core:RevaluationReserve2020-12-3107579042core:OtherReservesSubtotal2020-12-3107579042core:RetainedEarningsAccumulatedLosses2020-12-3107579042core:LandBuildings2021-12-3107579042core:PlantMachinery2021-12-3107579042core:Vehicles2021-12-3107579042core:FurnitureFittings2021-12-3107579042core:OfficeEquipment2021-12-3107579042core:NetGoodwill2021-12-3107579042core:IntangibleAssetsOtherThanGoodwill2021-12-3107579042core:ListedExchangeTraded2021-12-3107579042core:UnlistedNon-exchangeTraded2021-12-3107579042core:LandBuildings2020-12-3107579042core:PlantMachinery2020-12-3107579042core:Vehicles2020-12-3107579042core:FurnitureFittings2020-12-3107579042core:OfficeEquipment2020-12-3107579042core:NetGoodwill2020-12-3107579042core:IntangibleAssetsOtherThanGoodwill2020-12-3107579042core:ListedExchangeTraded2020-12-3107579042core:UnlistedNon-exchangeTraded2020-12-3107579042core:LandBuildings2021-01-012021-12-3107579042core:PlantMachinery2021-01-012021-12-3107579042core:Vehicles2021-01-012021-12-3107579042core:FurnitureFittings2021-01-012021-12-3107579042core:OfficeEquipment2021-01-012021-12-3107579042core:NetGoodwill2021-01-012021-12-3107579042core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3107579042core:ListedExchangeTraded2021-01-012021-12-3107579042core:UnlistedNon-exchangeTraded2021-01-012021-12-3107579042core:MoreThanFiveYears2021-01-012021-12-3107579042core:Non-currentFinancialInstruments2021-12-3107579042core:Non-currentFinancialInstruments2020-12-3107579042dpl:CostSales2021-01-012021-12-3107579042dpl:DistributionCosts2021-01-012021-12-3107579042dpl:AdministrativeExpenses2021-01-012021-12-3107579042core:LandBuildings2021-01-012021-12-3107579042core:PlantMachinery2021-01-012021-12-3107579042core:Vehicles2021-01-012021-12-3107579042core:FurnitureFittings2021-01-012021-12-3107579042core:OfficeEquipment2021-01-012021-12-3107579042core:NetGoodwill2021-01-012021-12-3107579042core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3107579042dpl:GroupUndertakings2021-01-012021-12-3107579042dpl:ParticipatingInterests2021-01-012021-12-3107579042dpl:GroupUndertakingscore:ListedExchangeTraded2021-01-012021-12-3107579042core:ListedExchangeTraded2021-01-012021-12-3107579042dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-01-012021-12-3107579042core:UnlistedNon-exchangeTraded2021-01-012021-12-3107579042dpl:CostSales2020-04-012020-12-3107579042dpl:DistributionCosts2020-04-012020-12-3107579042dpl:AdministrativeExpenses2020-04-012020-12-3107579042core:LandBuildings2020-04-012020-12-3107579042core:PlantMachinery2020-04-012020-12-3107579042core:Vehicles2020-04-012020-12-3107579042core:FurnitureFittings2020-04-012020-12-3107579042core:OfficeEquipment2020-04-012020-12-3107579042core:NetGoodwill2020-04-012020-12-3107579042core:IntangibleAssetsOtherThanGoodwill2020-04-012020-12-3107579042dpl:GroupUndertakings2020-04-012020-12-3107579042dpl:ParticipatingInterests2020-04-012020-12-3107579042dpl:GroupUndertakingscore:ListedExchangeTraded2020-04-012020-12-3107579042core:ListedExchangeTraded2020-04-012020-12-3107579042dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-04-012020-12-3107579042core:UnlistedNon-exchangeTraded2020-04-012020-12-3107579042core:NetGoodwill2021-12-3107579042core:IntangibleAssetsOtherThanGoodwill2021-12-3107579042core:LandBuildings2021-12-3107579042core:PlantMachinery2021-12-3107579042core:Vehicles2021-12-3107579042core:FurnitureFittings2021-12-3107579042core:OfficeEquipment2021-12-3107579042core:AfterOneYear2021-12-3107579042core:WithinOneYear2021-12-3107579042core:ListedExchangeTraded2021-12-3107579042core:UnlistedNon-exchangeTraded2021-12-3107579042core:ShareCapital2021-12-3107579042core:SharePremium2021-12-3107579042core:RevaluationReserve2021-12-3107579042core:OtherReservesSubtotal2021-12-3107579042core:RetainedEarningsAccumulatedLosses2021-12-3107579042core:NetGoodwill2020-12-3107579042core:IntangibleAssetsOtherThanGoodwill2020-12-3107579042core:LandBuildings2020-12-3107579042core:PlantMachinery2020-12-3107579042core:Vehicles2020-12-3107579042core:FurnitureFittings2020-12-3107579042core:OfficeEquipment2020-12-3107579042core:AfterOneYear2020-12-3107579042core:WithinOneYear2020-12-3107579042core:Liste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UNINEED LIMITED

Registered Number
07579042
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2021

UNINEED LIMITED

Company Information
for the year from 1 January 2021 to 31 December 2021


Directors	WANG, Chaofeng
	WHEELER, Alexander


Registered Address	1 Dalhousie Terrace
	Morningside
	Edinburgh
	E10 5NE


Registered Number	07579042 (England and Wales)

UNINEED LIMITED

Statement of Financial Position
31 December 2021

	Notes	2021		2020
		£	£	£	£
Current assets
Stocks	5	1,909,736		2,073,493
Debtors	6	283,999		129,035
Cash at bank and on hand		2,478,965		1,435,555
		4,672,700		3,638,083
Creditors amounts falling due within one year	7	(1,848,367)		(855,897)
Net current assets (liabilities)			2,824,333		2,782,186
Total assets less current liabilities			2,824,333		2,782,186
Creditors amounts falling due after one year	8		(1,523,377)		(1,569,199)
Net assets			1,300,956		1,212,987
Capital and reserves
Called up share capital			200,100		200,100
Profit and loss account			1,100,856		1,012,887
Shareholders' funds			1,300,956		1,212,987

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Board of Directors on 30 December 2022, and are signed on its behalf by:

WANG, Chaofeng
Director
Registered Company No. 07579042

UNINEED LIMITED

Notes to the Financial Statements
for the year ended 31 December 2021

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Accounting policies

	Stocks policy
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

4.	Employee information


		2021		2020
	Average number of employees during the year	31		22

5.	Stocks

	2021	2020
	£	£
Finished goods	1,909,736	2,073,493
Total	1,909,736	2,073,493

6.	Debtors

	2021	2020
	£	£
Trade debtors / trade receivables	280,995	114,047
Other debtors	-	14,988
Other debtors (Non-current)	3,004	-
Total	283,999	129,035


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

7.	Creditors within one year

	2021	2020
	£	£
Trade creditors / trade payables	1,716,259	558,146
Bank borrowings and overdrafts	749	-
Taxation and social security	125,763	253,944
Other creditors	5,596	3,145
Accrued liabilities and deferred income	-	40,662
Total	1,848,367	855,897


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

8.	Creditors after one year

	2021	2020
	£	£
Bank borrowings and overdrafts	973,112	1,100,000
Other creditors	550,265	469,199
Total	1,523,377	1,569,199