Abbreviated Company Accounts - UNO VISION LTD

Registered Number 04189645

UNO VISION LTD

Abbreviated Accounts

31 July 2014

UNO VISION LTD Registered Number 04189645

Abbreviated Balance Sheet as at 31 July 2014

	Notes	2014	2013
		£	£
Called up share capital not paid		60	60
Fixed assets
Intangible assets		-	-
Tangible assets	2	-	1,994
Investments		-	-
		-	1,994
Current assets
Cash at bank and in hand		103,496	82,614
		103,496	82,614
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(5,534)	0
Net current assets (liabilities)		97,962	82,614
Total assets less current liabilities		98,022	84,668
Total net assets (liabilities)		98,022	84,668
Capital and reserves
Called up share capital		60	60
Share premium account		53,609	-
Other reserves		-	12,265
Profit and loss account		44,353	72,343
Shareholders' funds		98,022	84,668

For the year ending 31 July 2014 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 1 April 2015

And signed on their behalf by:
Shahram Eshraghi Yazdi, Director
Karen O'Donoghue, Director

UNO VISION LTD Registered Number 04189645

Notes to the Abbreviated Accounts for the period ended 31 July 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover for the year ending 31 July 2014 was £96729.12 and it represents the total invoice value,
excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is usually provided, at the following annual rates in order to write off each asset over its
estimated useful life. Personal Computer, Laptops, Servers, Digital Cameras, scanners, printers,
network routers. - 25% on cost. However this year the companies remaining tangible assets were disposed due to technology becoming obsolete.

Intangible assets amortisation policy
Intangible fixed assets, E-commerce portal is amortised at rates calculated to write off the assets
on a straight basis over their estimated useful economic lives, not to exceed four years. This is
because e-commerce web portals require extensive overhaul at least every four years to remain
competitive. However the website developed and operated by the company was disposed of due to
lack of demand.

Other accounting policies
Going concern
The company meets its day-to-day working capital requirements through the continued financial
support of its bankers and assurance given by the director. The director therefore considers it
appropriate to prepare financial statements on a going concern basis.

2Tangible fixed assets

	£
Cost
At 1 August 2013	1,994
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2014	1,994
Depreciation
At 1 August 2013	0
Charge for the year	1,994
On disposals	-
At 31 July 2014	1,994
Net book values
At 31 July 2014	0
At 31 July 2013	1,994

The Fixed asset was old IT equipment that had become obsolete