Universal Safety Consultants Limited - Accounts to registrar (filleted) - small 23.2.5

Universal Safety Consultants Limited - Accounts to registrar (filleted) - small 23.2.5

UNIVERSAL SAFETY CONSULTANTS LIMITED - Company Information

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REGISTERED NUMBER: 02926910 (England and Wales)














UNIVERSAL SAFETY CONSULTANTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023





Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE








UNIVERSAL SAFETY CONSULTANTS LIMITED (REGISTERED NUMBER: 02926910)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


UNIVERSAL SAFETY CONSULTANTS LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2023







DIRECTORS: G J M Durrant
B A I Durrant





SECRETARY: Mrs K M Durrant





REGISTERED OFFICE: 5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE





REGISTERED NUMBER: 02926910 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE
Page 1
UNIVERSAL SAFETY CONSULTANTS LIMITED (REGISTERED NUMBER: 02926910)

STATEMENT OF FINANCIAL POSITION
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 476 714

CURRENT ASSETS
Debtors 6 358,583 375,873
Cash at bank and in hand 17,106 12,869
375,689 388,742
CREDITORS
Amounts falling due within one year 7 328,397 349,956
NET CURRENT ASSETS 47,292 38,786
TOTAL ASSETS LESS CURRENT
LIABILITIES
47,768
39,500

CREDITORS
Amounts falling due after more than one
year
8
28,804
33,727
NET ASSETS 18,964 5,773

CAPITAL AND RESERVES
Called up, paid and allotted share capital 2 2
Retained earnings 18,962 5,771
SHAREHOLDERS' FUNDS 18,964 5,773

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 notes form part of these financial statements

Page 2
UNIVERSAL SAFETY CONSULTANTS LIMITED (REGISTERED NUMBER: 02926910)

STATEMENT OF FINANCIAL POSITION - continued
31 July 2023


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 29 April 2024 and were signed on its behalf by:





G J M Durrant - Director


The notes form part of these financial statements

Page 3
UNIVERSAL SAFETY CONSULTANTS LIMITED (REGISTERED NUMBER: 02926910)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Universal Safety Consultants Limited 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.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The company is operating within its banking facilities and is being supported by directors loans. On this basis the accounts have been prepared on the going concern basis which is considered appropriate by the directors.

Income recognition
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade debtors and creditors and other debtors and creditors and loans from banks, other third parties and related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting date for evidence of impairment. If evidence of impairment is found then an impairment loss is recognized in the Statement of Comprehensive Income.


Page 4
UNIVERSAL SAFETY CONSULTANTS LIMITED (REGISTERED NUMBER: 02926910)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023

3. ACCOUNTING POLICIES - continued
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 69,931 8,293 78,224
DEPRECIATION
At 1 August 2022 69,931 7,579 77,510
Charge for year - 238 238
At 31 July 2023 69,931 7,817 77,748
NET BOOK VALUE
At 31 July 2023 - 476 476
At 31 July 2022 - 714 714

Page 5
UNIVERSAL SAFETY CONSULTANTS LIMITED (REGISTERED NUMBER: 02926910)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 20,162 31,912
Amounts owed by group undertakings 338,421 343,961
358,583 375,873

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,920 4,930
Trade creditors 3,741 6,713
Amounts owed to group undertakings 33,414 33,414
Taxation and social security 13,992 29,689
Other creditors 272,330 275,210
328,397 349,956

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 28,804 33,727

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 28,804 33,727

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 33,724 38,657

10. RELATED PARTY DISCLOSURES

At 31 July 2023, the balance due to Elitewilde Holdings Limited, the parent company was £33,414 (2022: £33,414). The balance outstanding is unsecured, interest free and repayable on demand.

The company operates a loan account with Mr G J Durrant, a director of the company and Mrs K Durrant, the company secretary, which is repayable on demand..The balance owing to them at the balance sheet date was £261,028 (2022: £261,633).

At the year end the balance owing from USC UK Ltd, a group company was £338,421 (2022: £343,961). The loan is interest free and repayable on demand.

Page 6