Company Registration No. 11435029 (England and Wales)
UBF Strategic Advisors Limited
Unaudited accounts
for the year ended 31 March 2023
UBF Strategic Advisors Limited
Unaudited accounts
Contents
UBF Strategic Advisors Limited
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
4,434
27,092
Creditors: amounts falling due within one year
(9,278)
(29,695)
Net current assets
540
781
Called up share capital
1
1
Profit and loss account
539
902
Shareholders' funds
540
903
For the year ending 31 March 2023 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 21 December 2023 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 2023
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 where relevant.
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 2023
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
(200)
(200)
Taxes and social security
1,866
5,287
Loans from directors
6,274
23,270
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 £6,274 credit owed by the company to the director (2022: £23,270 debit owed by the director to the company). The balance is unsecured, interest free and repayable on demand, and was in credit throughout the year.
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
