| UKI Limited |
| Notes to the Accounts |
| for the year ended 31 March 2023 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Office equipment & fittings |
25% p.a reducing balance |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Debtors |
|
All debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
All creditors are measured at transaction price (which is usually the invoice price). |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
|
|
Foreign currency translation |
|
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. |
|
|
|
Going Concern |
|
The financial statements have been prepared in accordance with the accounting principles appropriate to a going concern notwithstanding the deficiency in Net Current Assets at the Balance Sheet date. The Directors consider this to be appropriate having regard to the continued provision of financial support by the Company's directors and associated companies . |
|
| 2 |
Employees |
2023 |
|
2022 |
| Number |
Number |
|
|
Average number of persons employed by the company |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Land and building |
|
Office equipment and fittings |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 April 2022 |
5,580 |
|
314,773 |
|
320,353 |
|
At 31 March 2023 |
5,580 |
|
314,773 |
|
320,353 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2022 |
- |
|
306,889 |
|
306,889 |
|
Charge for the year |
- |
|
1,971 |
|
1,971 |
|
At 31 March 2023 |
- |
|
308,860 |
|
308,860 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2023 |
5,580 |
|
5,913 |
|
11,493 |
|
At 31 March 2022 |
5,580 |
|
7,884 |
|
13,464 |
|
| 4 |
Investments |
| Other |
| investments |
| £ |
|
Cost |
|
Additions |
7,694 |
|
|
At 31 March 2023 |
7,694 |
|
|
| 5 |
Debtors |
2023 |
|
2022 |
| £ |
£ |
|
|
Other debtors |
9,348,479 |
|
3,507,878 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
| £ |
£ |
|
|
Trade creditors |
152,790 |
|
79,521 |
|
Taxation and social security costs |
20,292 |
|
18,386 |
|
Other creditors |
9,464,126 |
|
6,897,316 |
|
|
|
|
|
|
9,637,208 |
|
6,995,223 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
UKI Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
121 Princes Park Avenue |
|
London |
|
NW11 0JS |
