Company Registration No. 9836783 (England and Wales)
UKM Print & Embroidery Ltd
Unaudited accounts
for the year ended 31 October 2022
UKM Print & Embroidery Ltd
Unaudited accounts
Contents
UKM Print & Embroidery Ltd
Statement of financial position
as at 31 October 2022
Tangible assets
202,941
207,050
Cash at bank and in hand
165,863
67,767
Creditors: amounts falling due within one year
(379,931)
(229,834)
Net current assets
214,065
193,213
Total assets less current liabilities
417,006
400,263
Creditors: amounts falling due after more than one year
(65,336)
(63,099)
Net assets
351,670
337,164
Called up share capital
150
100
Profit and loss account
351,520
337,064
Shareholders' funds
351,670
337,164
For the year ending 31 October 2022 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 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 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 of Directors and authorised for issue on 16 June 2023 and were signed on its behalf by
A K Sharma
Director
Company Registration No. 9836783
UKM Print & Embroidery Ltd
Notes to the Accounts
for the year ended 31 October 2022
UKM Print & Embroidery Ltd is a private company, limited by shares, registered in England and Wales, registration number 9836783. The registered office is Brunswick Works, Old Worcester Building, Birmingham Road, Redditch, West Midlands, B97 6DY, England.
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.
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:
Plant & machinery
15% on the reducing balance
Motor vehicles
15% on the reducing balance
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
UKM Print & Embroidery Ltd
Notes to the Accounts
for the year ended 31 October 2022
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 November 2021
302,856
2,000
304,856
At 31 October 2022
334,551
2,000
336,551
At 1 November 2021
96,851
955
97,806
Charge for the year
35,648
156
35,804
At 31 October 2022
132,499
1,111
133,610
At 31 October 2022
202,052
889
202,941
At 31 October 2021
206,005
1,045
207,050
Amounts falling due within one year
Trade debtors
428,133
355,280
6
Creditors: amounts falling due within one year
2022
2021
Obligations under finance leases and hire purchase contracts
23,933
23,681
Trade creditors
262,795
173,848
Taxes and social security
16,199
18,949
Loans from directors
-
689
7
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
65,336
63,099
Allotted, called up and fully paid:
150 Ordinary shares of £1 each
150
100
Shares issued during the period:
50 Ordinary shares of £1 each
50
UKM Print & Embroidery Ltd
Notes to the Accounts
for the year ended 31 October 2022
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan Account
689
-
689
-
10
Average number of employees
During the year the average number of employees was 12 (2021: 8).
