Urban Property Building Services Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 07417077 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

URBAN PROPERTY BUILDING SERVICES

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Lee

F Kennett

REGISTERED OFFICE:

Cuckoo Mill

Moulton

Vale of Glamorgan

CF62 3AB

REGISTERED NUMBER:

07417077 (England and Wales)

ACCOUNTANTS:

Baker Knoyle Chartered Accountants

Orbit Business Centre

Merthyr Tydfil

CF48 1DL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

38,642

51,504

38,642

51,504

CURRENT ASSETS

Stocks

6

23,373

32,200

Debtors

7

105,159

63,026

Cash at bank and in hand

17,546

7,109

146,078

102,335

CREDITORS

Amounts falling due within one year

8

118,376

95,608

NET CURRENT ASSETS

27,702

6,727

TOTAL ASSETS LESS CURRENT LIABILITIES

66,344

58,231

CREDITORS

Amounts falling due after more than one year

9

25,935

39,610

NET ASSETS

40,409

18,621

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

10

40,407

18,619

40,409

18,621

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 2 May 2023 and were signed on its behalf by:

A Lee - Director

1.	STATUTORY INFORMATION

Urban Property Building Services Limited 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of nil years.

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.

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 etc

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2022

and 31 January 2023

20,000

AMORTISATION

At 1 February 2022

and 31 January 2023

20,000

NET BOOK VALUE

At 31 January 2023

-

At 31 January 2022

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 February 2022

and 31 January 2023

79,903

2,209

70,197

152,309

DEPRECIATION

At 1 February 2022

59,203

1,895

39,707

100,805

Charge for year

5,177

63

7,622

12,862

At 31 January 2023

64,380

1,958

47,329

113,667

NET BOOK VALUE

At 31 January 2023

15,523

251

22,868

38,642

At 31 January 2022

20,700

314

30,490

51,504

6.

STOCKS

2023

2022

£

£

Stocks

1,800

1,200

Work-in-progress

21,573

31,000

23,373

32,200

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

29,922

27,856

Other debtors

75,237

35,170

105,159

63,026

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

8,000

8,000

Hire purchase contracts

5,674

7,058

Trade creditors

28,510

30,226

Taxation and social security

11,158

10,387

Other creditors

65,034

39,937

118,376

95,608

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

18,667

26,667

Hire purchase contracts

7,268

12,943

25,935

39,610

10.

RESERVES

Retained

earnings

£

At 1 February 2022

18,619

Profit for the year

34,988

Dividends

(13,200

)

At 31 January 2023

40,407

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2023 and 31 January 2022:

2023

2022

£

£

A Lee and F Kennett

Balance outstanding at start of year

11,839

4,397

Amounts advanced

67,318

50,942

Amounts repaid

(16,838

)

(43,500

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

62,319

11,839