UK Pique Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06345030 (England and Wales)

UK Pique Ltd

Unaudited Financial Statements

for the Year Ended 31 August 2020

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

C Throop

Mrs L Throop

REGISTERED OFFICE:

Unit 2

30 Stonebridge Road

Leicester

Leicestershire

LE5 3LD

REGISTERED NUMBER:

06345030 (England and Wales)

ACCOUNTANTS:

Astute Services Ltd

44-46 Regent Street

Rugby

Warwickshire

CV21 2PS

FIXED ASSETS

Tangible assets

4

69,189

19,452

CURRENT ASSETS

Stocks

40,000

106,620

Debtors

5

152,518

178,112

Cash at bank

181,345

16,412

373,863

301,144

CREDITORS

Amounts falling due within one year

6

336,100

283,642

NET CURRENT ASSETS

37,763

17,502

TOTAL ASSETS LESS CURRENT LIABILITIES

106,952

36,954

CREDITORS

Amounts falling due after more than one year

7

85,000

-

NET ASSETS

21,952

36,954

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

21,852

36,854

SHAREHOLDERS' FUNDS

21,952

36,954

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 27 May 2021 and were signed on its behalf by:

C Throop - Director

1.	STATUTORY INFORMATION

UK Pique Ltd 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

25% on reducing balance and 20% on reducing balance

Stocks

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2019 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2019

90,760

Additions

63,147

Disposals

(14,988

)

At 31 August 2020

138,919

DEPRECIATION

At 1 September 2019

71,308

Charge for year

13,410

Eliminated on disposal

(14,988

)

At 31 August 2020

69,730

NET BOOK VALUE

At 31 August 2020

69,189

At 31 August 2019

19,452

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/20

31/8/19

£

£

Trade debtors

152,518

178,112

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/20

31/8/19

£

£

Trade creditors

218,657

226,024

Taxation and social security

52,443

23,996

Other creditors

65,000

33,622

336,100

283,642

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/8/20

31/8/19

£

£

Hire purchase contracts

35,000

-

Other creditors

50,000

-

85,000

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/8/20

31/8/19

value:

£

£

100

Ordinary

£1

100

100