Unimetro Europe Limited - Accounts to registrar (filleted) - small 18.2

Unimetro Europe Limited - Accounts to registrar (filleted) - small 18.2

UNIMETRO EUROPE LIMITED - Company Information

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REGISTERED NUMBER: 10701391 (England and Wales)















UNIMETRO EUROPE LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2020














UNIMETRO EUROPE LIMITED (REGISTERED NUMBER: 10701391)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2020










Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


UNIMETRO EUROPE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2020







DIRECTOR: D Smith





REGISTERED OFFICE: Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP





REGISTERED NUMBER: 10701391 (England and Wales)





Page 1
UNIMETRO EUROPE LIMITED (REGISTERED NUMBER: 10701391)

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2020

2020 2019
Notes £    £   
FIXED ASSETS
Property, plant and equipment 5 18,281 19,577

CURRENT ASSETS
Inventories 3,000 2,000
Debtors 6 58,702 8,875
Cash at bank and in hand 6,311 2,996
68,013 13,871
CREDITORS
Amounts falling due within one year 7 (78,538 ) (50,129 )
NET CURRENT LIABILITIES (10,525 ) (36,258 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
7,756
(16,681
)

PROVISIONS FOR LIABILITIES (3,720 ) -
NET ASSETS/(LIABILITIES) 4,036 (16,681 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 3,936 (16,781 )
SHAREHOLDERS' FUNDS 4,036 (16,681 )

The notes form part of these financial statements

Page 2
UNIMETRO EUROPE LIMITED (REGISTERED NUMBER: 10701391)

STATEMENT OF FINANCIAL POSITION - continued
31ST MARCH 2020


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2020 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31st March 2021 and were signed by:





D Smith - Director


The notes form part of these financial statements

Page 3
UNIMETRO EUROPE LIMITED (REGISTERED NUMBER: 10701391)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2020


1. STATUTORY INFORMATION

Unimetro Europe Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements are prepared on a going concern basis and under the historical cost convention.

Significant judgements and estimates
No significant judgements or estimates have had to be made by the directors in preparing these financial statements.

Revenue
Revenue represents the total invoice value, excluding value added tax, trade discounts and all other taxes of sales made during the year.

Revenue recognition
Revenue is recognised when goods have been delivered and services supplied to customers such that risks and rewards of ownership have transferred to them.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Tax
Tax for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred tax assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


Page 4
UNIMETRO EUROPE LIMITED (REGISTERED NUMBER: 10701391)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2020


3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2019 - 4 ) .

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
Cost
At 1st April 2019 26,103
Additions 6,049
At 31st March 2020 32,152
Depreciation
At 1st April 2019 6,526
Charge for year 7,345
At 31st March 2020 13,871
Net book value
At 31st March 2020 18,281
At 31st March 2019 19,577

Page 5
UNIMETRO EUROPE LIMITED (REGISTERED NUMBER: 10701391)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2020


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 12,003 -
Other debtors 46,699 8,875
58,702 8,875

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade creditors 53,968 37,807
Taxation and social security 15,854 328
Other creditors 8,716 11,994
78,538 50,129

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2020 2019
value: £    £   
100 Ordinary 1 100 100

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at the year end date the director's current account was overdrawn by £44,516.

This balance was repaid within 9 months of the year end.

10. GOING CONCERN

The outbreak of coronavirus, also known as Covid 19 has spread across the globe and is impacting worldwide economic activity. The outbreak and the related mitigation measures may have an adverse impact on global economic conditions as well as on the Company's business activities.

The directors continue to monitor the impact of the virus on the business as more information about the pandemic emerges and have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet it's financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Page 6