Unique Arts Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07338836 (England and Wales)

Abbreviated Accounts for the Year Ended 31 August 2013

for

Unique Arts Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

P Struckmann

REGISTERED OFFICE:

14 Victoria Terrace

Hove

East Sussex

BN3 2WB

REGISTERED NUMBER:

07338836 (England and Wales)

ACCOUNTANTS:

A.K & Co (Accountancy Services) Ltd

19 Victoria Terrace

Hove

East Sussex

BN3 2WB

FIXED ASSETS

Tangible assets

2

5,943

3,563

CURRENT ASSETS

Stocks

7,600

3,700

Debtors

2,500

2,500

Cash at bank and in hand

2,357

3,111

12,457

9,311

CREDITORS

Amounts falling due within one year

15,243

8,848

NET CURRENT (LIABILITIES)/ASSETS

(2,786

)

463

TOTAL ASSETS LESS CURRENT LIABILITIES

3,157

4,026

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

3,156

4,025

SHAREHOLDERS' FUNDS

3,157

4,026

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2013 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 28 August 2014 and were signed by:

P Struckmann - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Leasing commitments

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2012

4,614

Additions

5,350

At 31 August 2013

9,964

DEPRECIATION

At 1 September 2012

1,051

Charge for year

2,970

At 31 August 2013

4,021

NET BOOK VALUE

At 31 August 2013

5,943

At 31 August 2012

3,563

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

1

Ordinary

£1

1

1