UNIQUE PIECES LIMITED Filleted Accounts Cover
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Company No. 11934555
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UNIQUE PIECES LIMITED Directors Report Registrar
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The Director presents his report and the accounts for the year ended 31 December 2021.
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Principal activities
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Director
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The Director who served at any time during the year was as follows:
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Y. Schwartz
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Signed on behalf of the board
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Y. Schwartz
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Director
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30 December 2022
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UNIQUE PIECES LIMITED Balance Sheet Registrar
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at
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Company No.
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Notes
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2021
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2020
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£
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£
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Current assets
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Stocks
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4
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Debtors
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5
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Cash at bank and in hand
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Creditors: Amount falling due within one year
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6
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(
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(
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Net current (liabilities)/assets
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(
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Total assets less current liabilities
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(
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Net (liabilities)/assets
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(
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Capital and reserves
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Called up share capital
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Profit and loss account
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7
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(
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Total equity
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(
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As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
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Approved by the board on 30 December 2022
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And signed on its behalf by:
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Y. Schwartz
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Director
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30 December 2022
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UNIQUE PIECES LIMITED Notes to the Accounts Registrar
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for the year ended 31 December 2021
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1
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General information
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Its registered number is: 11934555
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Its registered office is:
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2
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Accounting policies
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Going concern
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The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
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Judgements and key sources of estimation uncertainty
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The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors including expectations of future events that are believed to be reasonable under the circumstances.
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Turnover
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Stocks
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When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs. |
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Foreign currencies
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Post balance sheet events
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On 24 February 2022 Russian Forces entered Ukraine, resulting in Western Nation reactions including announcements of sanctions against Russia and Russian interests worldwide and an economic ripple effect on the global economy. The Directors have carried out an assessment of the potential impact of Russian Forces entering Ukraine on the business, including the impact of mitigation measures and uncertainties, and have concluded that this is a non-adjusting post balance sheet event with the greatest impact on the business expected to be from the economic ripple effect on the global economy. The Directors have taken account of these potential impacts in their going concern assessment.
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3
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Employees
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2021
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2020
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Number
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Number
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The average monthly number of employees (including directors) during the year was:
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4
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Stocks
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2021
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2020
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£
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£
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Finished goods
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5
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Debtors
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2021
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2020
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£
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£
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Trade debtors
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VAT recoverable
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Other debtors
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Prepayments and accrued income
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6
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Creditors:
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amounts falling due within one year
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2021
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2020
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£
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£
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Trade creditors
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Corporation tax
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Other taxes and social security
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Other creditors
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Accruals and deferred income
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7
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Reserves
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