Uni-Thread Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04709600 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2014

for

Uni-Thread Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P A Morris

Mrs S Morris

SECRETARY:

P A Morris

REGISTERED OFFICE:

78 Roselands Drive

Paignton

Devon

TQ4 7BS

REGISTERED NUMBER:

04709600 (England and Wales)

ACCOUNTANTS:

Mark Ward Chartered Certified Accountants

First Floor, CEF Building

Broomhill Way

Torquay

Devon

TQ2 7QN

FIXED ASSETS

Tangible assets

2

9,090

11,929

CURRENT ASSETS

Stocks

28,122

22,160

Debtors

2,495

2,089

Cash at bank and in hand

2,235

2,315

32,852

26,564

CREDITORS

Amounts falling due within one year

25,989

15,193

NET CURRENT ASSETS

6,863

11,371

TOTAL ASSETS LESS CURRENT LIABILITIES

15,953

23,300

CREDITORS

Amounts falling due after more than one year

15,814

23,036

NET ASSETS

139

264

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

137

262

SHAREHOLDERS' FUNDS

139

264

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2014 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 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 Board of Directors on 26 August 2015 and were signed on its behalf by:

P A Morris - 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

-

25% on reducing balance and 15% 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of

the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2013

and 30 November 2014

17,482

DEPRECIATION

At 1 December 2013

5,553

Charge for year

2,839

At 30 November 2014

8,392

NET BOOK VALUE

At 30 November 2014

9,090

At 30 November 2013

11,929

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.14

30.11.13

value:

£

£

2

Ordinary shares

£1

2

2