Ur-sltn Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07539499

Unaudited Financial Statements for the Year Ended 28 February 2023

for

Ur-sltn Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms J L Geach

B C Geach

REGISTERED OFFICE:

High Lees Farmhouse

Wagon Lane

Paddock Wood

Tonbridge

Kent

TN12 6PT

REGISTERED NUMBER:

07539499

ACCOUNTANT:

Ian S Anderson, Chartered Accountant

Greengarth

Thicket Grove

Maidenhead

Berkshire

SL6 4LW

FIXED ASSETS

Tangible assets

4

157,983

66,241

CURRENT ASSETS

Debtors

5

46,779

18,245

Cash at bank

3,476

2,701

50,255

20,946

CREDITORS

Amounts falling due within one year

6

157,273

25,073

NET CURRENT LIABILITIES

(107,018

)

(4,127

)

TOTAL ASSETS LESS CURRENT LIABILITIES

50,965

62,114

CREDITORS

Amounts falling due after more than one year

7

(65,406

)

(62,383

)

PROVISIONS FOR LIABILITIES

8

(2,895

)

(3,526

)

NET LIABILITIES

(17,336

)

(3,795

)

CAPITAL AND RESERVES

Called up share capital

9

20

20

Retained earnings

(17,356

)

(3,815

)

SHAREHOLDERS' FUNDS

(17,336

)

(3,795

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 28 February 2024 and were signed on its behalf by:

B C Geach - Director

1.	STATUTORY INFORMATION

Ur-sltn Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

These financial statements have been prepared on the going concern basis, which assumes the continued support of the directors. In the opinion of the directors neither Brexit nor Covid-19 has impacted on the going concern basis.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost, 25% on reducing balance, 20% on cost and 15% on reducing balance

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 1 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2022

93,094

Additions

140,620

Disposals

(2,428

)

At 28 February 2023

231,286

DEPRECIATION

At 1 March 2022

26,853

Charge for year

48,878

Eliminated on disposal

(2,428

)

At 28 February 2023

73,303

NET BOOK VALUE

At 28 February 2023

157,983

At 28 February 2022

66,241

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and

machinery

etc

£

COST

At 1 March 2022

63,580

Additions

39,821

At 28 February 2023

103,401

DEPRECIATION

At 1 March 2022

15,895

Charge for year

21,876

At 28 February 2023

37,771

NET BOOK VALUE

At 28 February 2023

65,630

At 28 February 2022

47,685

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

38,038

521

Other debtors

8,741

17,724

46,779

18,245

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

8,400

8,400

Finance leases

22,323

14,358

Other creditors

126,550

2,315

157,273

25,073

Other creditors at the year end includes directors' balances, see related party note.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

24,500

32,900

Finance leases

40,906

29,483

65,406

62,383

8.	PROVISIONS FOR LIABILITIES

2023

2022

£

£

Deferred tax

Accelerated capital allowances

2,895

3,526

Deferred

tax

£

Balance at 1 March 2022

3,526

Provided during year

(631

)

Balance at 28 February 2023

2,895

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

100

Ordinary 1A

0.1

10

10

100

Ordinary 1B

0.1

10

10

20

20

10.	RELATED PARTY DISCLOSURES

At the balance sheet date the balance owing to the directors totalled £124,235 (2022 owing by £10,849).

11.	ULTIMATE CONTROLLING PARTY

The controlling party is B C Geach.