PNC UNIQUE LIMITED

PNC UNIQUE LIMITED

PNC UNIQUE LIMITED - Company Information

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PNC UNIQUE LIMITED

Company Registration Number:
08553587 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2018

Period of accounts

Start date: 01 July 2017

End date: 30 June 2018

PNC UNIQUE LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2018

Balance sheet
Notes

PNC UNIQUE LIMITED

Balance sheet

As at 30 June 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 3 342,901 256,256
Total fixed assets: 342,901 256,256
Current assets
Stocks: 197,375 50,778
Debtors:   97,895
Cash at bank and in hand: 1,429,172 913,697
Total current assets: 1,724,442 964,475
Creditors: amounts falling due within one year:   (448,519) (238,341)
Net current assets (liabilities): 1,275,923 726,134
Total assets less current liabilities: 1,618,824 982,390
Provision for liabilities: (64,784) (48,689)
Total net assets (liabilities): 1,554,040 933,701
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,553,940 933,601
Shareholders funds: 1,554,040 933,701

The notes form part of these financial statements

PNC UNIQUE LIMITED

Balance sheet statements

For the year ending 30 June 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 12 October 2018
and signed on behalf of the board by:

Name: P.C. Cancelliere
Status: Director

The notes form part of these financial statements

PNC UNIQUE LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Valuation and information policy

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

PNC UNIQUE LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

2. Employees

2018 2017
Average number of employees during the period 1 1

PNC UNIQUE LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

3. Tangible Assets

Total
Cost £
At 01 July 2017 344,082
Additions 183,579
Disposals (19,000)
At 30 June 2018 508,661
Depreciation
At 01 July 2017 87,826
Charge for year 77,934
At 30 June 2018 165,760
Net book value
At 30 June 2018 342,901
At 30 June 2017 256,256