Company Registration No. 11435029 (England and Wales)
UBF Strategic Advisors Limited
Unaudited accounts
for the year ended 31 March 2021
UBF Strategic Advisors Limited
Unaudited accounts
Contents
UBF Strategic Advisors Limited
Statement of financial position
as at 31 March 2021
Cash at bank and in hand
5,035
17,159
Creditors: amounts falling due within one year
(11,932)
(28,182)
Net current assets
365
361
Called up share capital
1
1
Profit and loss account
609
728
Shareholders' funds
610
729
For the year ending 31 March 2021 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 18 December 2021 and were signed on its behalf by
R C I Cooper-Driver
Director
Company Registration No. 11435029
UBF Strategic Advisors Limited
Notes to the Accounts
for the year ended 31 March 2021
UBF Strategic Advisors Limited is a private company, limited by shares, registered in England and Wales, registration number 11435029. The registered office is 18 Hartington Road, Chiswick, London, W4 3UA, UK.
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.
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.
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
25% straight line
UBF Strategic Advisors Limited
Notes to the Accounts
for the year ended 31 March 2021
4
Tangible fixed assets
Computer equipment
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
4,384
11,384
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
10,420
11,553
Loans from directors
-
14,913
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Transactions with related parties
The balance on the director`s current account with the company at the balance sheet date was £2,878 debit owed by the director to the company (2020: £14,913 credit owed by the company to the director). The maximum amount owed by the director to the company during the year was £2,878; the credit balance went into debit on 29th March 2021. When in credit, the balance is unsecured, interest free and repayable on demand. When in debit, daily interest at 5% per annum is charged.
9
Average number of employees
During the year the average number of employees was 1 (2020: 1).
