UVW Limited - Accounts to registrar (filleted) - small 18.2
UVW Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 5 June 2017 to 30 June 2018 |
for |
UVW LIMITED |
UVW LIMITED (REGISTERED NUMBER: 10802854) |
Contents of the Financial Statements |
for the period 5 June 2017 to 30 June 2018 |
Page |
Company Information | 1 |
Balance Sheet | 2 | to | 3 |
Notes to the Financial Statements | 4 | to | 5 |
UVW LIMITED |
Company Information |
for the period 5 June 2017 to 30 June 2018 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Woodlands Court |
Truro Business Park |
Truro |
Cornwall |
TR4 9NH |
UVW LIMITED (REGISTERED NUMBER: 10802854) |
Balance Sheet |
30 June 2018 |
Notes | £ |
CURRENT ASSETS |
Stocks |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 4 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
UVW LIMITED (REGISTERED NUMBER: 10802854) |
Balance Sheet - continued |
30 June 2018 |
The director acknowledges his 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. |
In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
The financial statements were approved by the director on |
UVW LIMITED (REGISTERED NUMBER: 10802854) |
Notes to the Financial Statements |
for the period 5 June 2017 to 30 June 2018 |
1. | STATUTORY INFORMATION |
UVW Limited is a |
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 |
The financial statements are prepared in sterling which is the functional currency of the company |
Monetary amounts in these financial statements are rounded to the nearest pound sterling. |
Going concern |
The directors, after making enquiries and having considered the company's business, its financial |
plans and the facilities available to finance the business, have a reasonable expectation that the |
company has adequate resources to continue in operational existence for the foreseeable future. |
Accordingly, the going concern basis is adopted in preparing the financial statements. |
Turnover |
Turnover represents the total invoice value, excluding value added tax, of sales made during the |
period. Turnover is recognised at the point of sale. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
Taxation |
The tax expense represents the sum of the current tax expense and deferred tax expense. Current tax |
assets are recognised when tax paid exceeds the tax payable. |
Current and deferred tax is charged or credited to the profit or loss, except when it relates to items |
charged or credited to other comprehensive income or equity, when the tax follows the transaction or |
event it relates to and is also charged or credited to other comprehensive income, or equity. |
Current tax assets and current tax liabilities and deferred tax assets and deferred tax liabilities are |
offset, if and only if, there is a legally enforceable right to set off the amounts and the entity intends |
either to settle on the net basis or to realise the asset and settle the liability simultaneously. |
Current tax is based on taxable profit for the year. Taxable profit differs from total comprehensive |
income because it excludes items of income or expense that are taxable or deductible in other periods. |
Current tax assets and liabilities are measured using tax rates that have been enacted or substantively |
enacted by the reporting period. |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date where transactions or events have occurred at that date that will result in an |
obligation to pay more, or a right to pay less or to receive more, tax. |
Deferred tax assets are recognised only to the extent that the directors consider that it is more likely |
than not that there will be suitable taxable profits from which the future reversal of the underlying timing |
differences can be deducted. |
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the |
periods in which timing differences reverse, based on tax rates and laws enacted or substantively |
enacted at the balance sheet date. |
UVW LIMITED (REGISTERED NUMBER: 10802854) |
Notes to the Financial Statements - continued |
for the period 5 June 2017 to 30 June 2018 |
2. | ACCOUNTING POLICIES - continued |
Financial instruments |
The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" and |
Section 12 "Other Financial Instruments" of FRS102 to all of its financial instruments. |
Financial assets and liabilities are recognised in the company's statement of financial position when |
the company becomes party to the contractual provisions of the instrument. |
Financial assets and liabilities are classified into specified categories. The classification depends on |
the nature and purpose of the financial asset or liability and is determined at the time of recognition. |
Basic financial assets, which include trade and other receivables, including staff loans and cash and |
bank balances, are initially measured at transaction price including transaction costs and are |
subsequently carried at amortised cost using the effective interest method, unless the arrangement |
constitutes a financing transaction, where the transaction is measured at the present value of the |
future receipts discounted at a market rate of interest. |
Basic financial liabilities, which include trade and other payables are initially measured at transaction |
price, unless the arrangement constitutes a financing transaction, where the debt instrument is |
measured at the present value of the future payments discounted at a market rate of interest. |
Financial liabilities are derecognised when, and only when, the company's obligations are discharged, |
cancelled, or they expire. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Taxation and social security |
Other creditors |
5. | RELATED PARTY DISCLOSURES |
At the Balance Sheet date, the company owed the director, J Chenoweth, £2,107, which is included in |
Creditors: Amounts falling due within one year. |
6. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |