Company Registration No. 02758146 (England and Wales)
UNIQUE IDEAS (UK) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2016
UNIQUE IDEAS (UK) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
UNIQUE IDEAS (UK) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 JULY 2016
31 July 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
4,119
2,116
Tangible assets
2
36,481
40,295
40,600
42,411
Current assets
Debtors
27,462
2,688
Cash at bank and in hand
15,280
8
42,742
2,696
Creditors: amounts falling due within one year
(70,251)
(29,873)
Net current liabilities
(27,509)
(27,177)
Total assets less current liabilities
13,091
15,234
Creditors: amounts falling due after more than one year
(3,375)
(6,225)
Provisions for liabilities
(5,978)
(6,559)
3,738
2,450
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
3,638
2,350
Shareholders' funds
3,738
2,450
UNIQUE IDEAS (UK) LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2016
31 July 2016
- 2 -
For the financial year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 13 January 2017
Mr R M Davies
Director
Company Registration No. 02758146
UNIQUE IDEAS (UK) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Patents
Patents are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Leasehold
25% straight line basis
Plant and machinery
25% on a reducing balance & 33% straight line basis
Motor vehicles
25% on a reducing balance basis
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 August 2015
2,645
88,904
91,549
Additions
3,165
19,809
22,974
At 31 July 2016
5,810
108,713
114,523
Depreciation
At 1 August 2015
529
48,609
49,138
Charge for the year
1,162
23,623
24,785
At 31 July 2016
1,691
72,232
73,923
Net book value
At 31 July 2016
4,119
36,481
40,600
At 31 July 2015
2,116
40,295
42,411
UNIQUE IDEAS (UK) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2016
- 4 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary Shares of £1 each
100
100