Company Registration No. 07462594 (England and Wales)
Unis London Limited
Unaudited accounts
for the year ended 31 December 2018
Unis London Limited
Unaudited accounts
Contents
Unis London Limited
Company Information
for the year ended 31 December 2018
Company Number
07462594 (England and Wales)
Registered Office
280 GREEN STREET
LONDON
E7 8LF
ENGLAND
Unis London Limited
Statement of financial position
as at 31 December 2018
Intangible assets
8,000
9,000
Tangible assets
12,940
11,995
Inventories
1,273,462
1,140,000
Cash at bank and in hand
12,195
108,027
Creditors: amounts falling due within one year
(1,162,331)
(1,046,830)
Net current assets
200,575
201,197
Total assets less current liabilities
221,515
222,192
Creditors: amounts falling due after more than one year
(177,949)
(194,308)
Called up share capital
100
100
Profit and loss account
43,466
27,784
Shareholders' funds
43,566
27,884
For the year ending 31 December 2018 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 24 December 2019.
Mr M Younis
Director
Company Registration No. 07462594
Unis London Limited
Notes to the Accounts
for the year ended 31 December 2018
Unis London Limited is a private company, limited by shares, registered in England and Wales, registration number 07462594. The registered office is 280 GREEN STREET, LONDON, E7 8LF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20 reducing balance
Fixtures & fittings
20 reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Unis London Limited
Notes to the Accounts
for the year ended 31 December 2018
4
Intangible fixed assets
Goodwill
At 31 December 2018
10,000
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2018
1,379
25,172
26,551
At 31 December 2018
1,379
29,352
30,731
At 1 January 2018
980
13,576
14,556
Charge for the year
80
3,155
3,235
At 31 December 2018
1,060
16,731
17,791
At 31 December 2018
319
12,621
12,940
At 31 December 2017
399
11,596
11,995
Finished goods
1,273,462
1,140,000
Unis London Limited
Notes to the Accounts
for the year ended 31 December 2018
8
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
46,244
64,884
Trade creditors
462,475
216,866
Taxes and social security
36,461
44,190
Other creditors
617,151
720,890
9
Creditors: amounts falling due after more than one year
2018
2017
Bank loans
177,949
194,308
10
Transactions with related parties
Including in other creditors, is an amount of £607,621 ( 2018 : £712,667) for director's current account.
During the year the company paid dividends of £30,000 (2017:£30,000) to the director.Total dividends declared during the year were £60,000.
11
Average number of employees
During the year the average number of employees was 10 (2017: 12).
