Accounts filed on 31-03-2020

Accounts filed on 31-03-2020

UNITED STUDIOS LTD - Company Information

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Registered number: 10092915
United Studios Ltd
ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2020
Prepared By:
Pritchard & Co
Chartered Certified Accountants
Ffynnonddofn
74 High Street
Fishguard
Pembrokeshire
SA65 9AU
United Studios Ltd
ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2020
DIRECTORS
B Rees
B Washbrook
REGISTERED OFFICE
Dophin House
Market Street
Newport
Pembrokeshire
SA42 0PH
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10092915
ACCOUNTANTS
Pritchard & Co
Chartered Certified Accountants
Ffynnonddofn
74 High Street
Fishguard
Pembrokeshire
SA65 9AU
United Studios Ltd
ACCOUNTS
FOR THEYEARENDED31 MARCH 2020
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
United Studios Ltd
BALANCE SHEET AT 31 March 2020
20202019
Notes££
FIXED ASSETS
Tangible assets36,0036,294
CURRENT ASSETS
Debtors48,3614,840
Cash at bank and in hand10,21012,146
18,57116,986
CREDITORS: Amounts falling due within one year555,34554,404
NET CURRENT LIABILITIES(36,774)(37,418)
TOTAL ASSETS LESS CURRENT LIABILITIES(30,771)(31,124)
CREDITORS: Amounts falling due after more than one year6-6,532
NET LIABILITIES(30,771)(37,656)
CAPITAL AND RESERVES
Called up share capital8110110
Profit and loss account(30,881)(37,766)
SHAREHOLDERS' FUNDS(30,771)(37,656)
For the year ending 31 March 2020 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 28 August 2020 and signed on their behalf by
.............................
B Washbrook
Director
United Studios Ltd
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2020
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsreducing balance 15%
Equipmentreducing balance 33.3%
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1d. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
2. INTANGIBLE FIXED ASSETS
Cost
At 31 March 2020
Depreciation
At 31 March 2020
Net Book Amounts
At 31 March 2020
United Studios Ltd
3. TANGIBLE FIXED ASSETS
Fixtures
and FittingsEquipmentTotal
£££
Cost
At 1 April 20193,6988,69212,390
Additions2122,4432,655
Disposals-(403)(403)
At 31 March 20203,91010,73214,642
Depreciation
At 1 April 20191,3134,7836,096
Disposals-(134)(134)
For the year6492,0282,677
At 31 March 20201,9626,6778,639
Net Book Amounts
At 31 March 20201,9484,0556,003
At 31 March 20192,3853,9096,294
4. DEBTORS 20202019
££
Amounts falling due within one year
Trade debtors8,3614,840
8,3614,840
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20202019
££
VAT5,6305,022
PAYE control-563
Directors current account39,77143,264
Bank loans and overdrafts975-
Bank Loan6,2992,829
Credit card5-
Other creditors1,0151,076
Accruals1,6501,650
55,34554,404
United Studios Ltd
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20202019
££
Bank loans (unsecured) >1yr-6,532
-6,532
7. EMPLOYEES
20202019
No.No.
Average number of employees53
8. SHARE CAPITAL 20202019
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
10 A Ordinary shares of £1 each1010
110110
9. CONTROLLING PARTY
The company is controlled by Mr B Rees by virtue of his 90.9% shareholding.