The Unity Agency Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 08083836 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2023

for

The Unity Agency Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs G Budd

P Budd

REGISTERED OFFICE:

12a Marlborough Place

BRIGHTON

East Sussex

BN1 1WN

REGISTERED NUMBER:

08083836 (England and Wales)

ACCOUNTANTS:

Clarke Goodhand Smith Limited

12a Marlborough Place

BRIGHTON

East Sussex

BN1 1WN

FIXED ASSETS

Tangible assets

4

9,860

8,051

CURRENT ASSETS

Debtors

5

10,974

3,319

Cash at bank

885

17,746

11,859

21,065

CREDITORS

Amounts falling due within one year

6

3,205

2,578

NET CURRENT ASSETS

8,654

18,487

TOTAL ASSETS LESS CURRENT LIABILITIES

18,514

26,538

CREDITORS

Amounts falling due after more than one year

7

(19,000

)

(25,000

)

PROVISIONS FOR LIABILITIES

8

(1,164

)

(1,530

)

NET (LIABILITIES)/ASSETS

(1,650

)

8

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

10

(1,652

)

6

SHAREHOLDERS' FUNDS

(1,650

)

8

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 25 November 2023 and were signed on its behalf by:

P Budd - Director

1.	STATUTORY INFORMATION

The Unity Agency Ltd 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 represents net invoiced sales of services, excluding value added tax.

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

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on cost

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 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 June 2022

19,320

483

2,084

21,887

Additions

1,150

3,692

-

4,842

At 31 May 2023

20,470

4,175

2,084

26,729

DEPRECIATION

At 1 June 2022

11,433

319

2,084

13,836

Charge for year

2,270

763

-

3,033

At 31 May 2023

13,703

1,082

2,084

16,869

NET BOOK VALUE

At 31 May 2023

6,767

3,093

-

9,860

At 31 May 2022

7,887

164

-

8,051

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.23

31.5.22

£

£

Trade debtors

-

335

Directors' loan accounts

10,974

430

Tax

-

2,554

10,974

3,319

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.23

31.5.22

£

£

Trade creditors

798

1,030

Social security and other taxes

(17

)

-

Other creditors

900

-

Accrued expenses

1,524

1,548

3,205

2,578

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.23

31.5.22

£

£

Bank loans - 2-5 years

19,000

25,000

8.	PROVISIONS FOR LIABILITIES

31.5.23

31.5.22

£

£

Deferred tax

1,164

1,530

Deferred

tax

£

Balance at 1 June 2022

1,530

Accelerated capital allowances

(366

)

Balance at 31 May 2023

1,164

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.23

31.5.22

value:

£

£

2

Ordinary

£1

2

2

10.

RESERVES

Retained

earnings

£

At 1 June 2022

6

Deficit for the year

(1,658

)

At 31 May 2023

(1,652

)

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the directors each owed the company £5,487 (2022: £215). This was repaid to the company on 31 October 2023.

12.	RELATED PARTY DISCLOSURES

During the year, no dividends (2022: £10,290) were paid to the directors.