Unusual Systems Ltd - Filleted accounts

Unusual Systems Ltd - Filleted accounts


Registered number
07618694
Unusual Systems Ltd
Filleted Accounts
31 May 2019
Unusual Systems Ltd
Registered number: 07618694
Balance Sheet
as at 31 May 2019
Notes 2019 2018
£ £
Fixed assets
Tangible assets 2 2,898 3,864
Current assets
Debtors 3 5,031 8,700
Cash at bank and in hand 2,385 12,028
7,416 20,728
Creditors: amounts falling due within one year 4 (4,641) (14,986)
Net current assets 2,775 5,742
Net assets 5,673 9,606
Capital and reserves
Called up share capital 1 1
Profit and loss account 5,672 9,605
Shareholder's funds 5,673 9,606
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
…………………………………………..
Martin Hill
Director
Approved by the board on 22 January 2020
Unusual Systems Ltd
Notes to the Accounts
for the year ended 31 May 2019
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Unrelieved tax losses are recognised only to the extent that it is probable that they will be recovered against future taxable profits. Current tax assets and liabilities are not discounted.
2 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2018 5,152
At 31 May 2019 5,152
Depreciation
At 1 June 2018 1,288
Charge for the year 966
At 31 May 2019 2,254
Net book value
At 31 May 2019 2,898
At 31 May 2018 3,864
3 Debtors 2019 2018
£ £
Trade debtors 4,500 7,650
Corporation tax - 1,050
Customs & Excise 531 -
5,031 8,700
4 Creditors: amounts falling due within one year 2019 2018
£ £
Trade creditors - 115
Other taxes and social security costs 121 1,385
Director's account 2,034 10,706
Other creditors 2,486 2,780
4,641 14,986
5 Other information
Unusual Systems Ltd is a private company limited by shares and incorporated in England. Its registered office is:
La Roc House
9-13 Soulbury Road
Leighton Buzzard
Bedfordshire
LU7 2RL
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