Universal Construction (Midlands) Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06422645 (England and Wales)

Abbreviated Accounts for the Year Ended 30 November 2014

for

Universal Construction (Midlands) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

K Singh

REGISTERED OFFICE:

48 Felstead Way

Luton

Bedfordshire

LU2 7LH

REGISTERED NUMBER:

06422645 (England and Wales)

ACCOUNTANTS:

NSG Accountants Limited

Chartered Certified Accountants

48 Felstead Way

Luton

Bedfordshire

LU2 7LH

FIXED ASSETS

Tangible assets

2

31,037

27,736

CURRENT ASSETS

Debtors

50,536

28,454

Cash at bank

21,294

36,900

71,830

65,354

CREDITORS

Amounts falling due within one year

32,025

14,232

NET CURRENT ASSETS

39,805

51,122

TOTAL ASSETS LESS CURRENT LIABILITIES

70,842

78,858

CREDITORS

Amounts falling due after more than one year

7,000

-

NET ASSETS

63,842

78,858

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

63,841

78,857

SHAREHOLDERS' FUNDS

63,842

78,858

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 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 31 August 2015 and were signed by:

K Singh - 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 sale of goods & services, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2013

63,440

Additions

13,906

At 30 November 2014

77,346

DEPRECIATION

At 1 December 2013

35,704

Charge for year

10,605

At 30 November 2014

46,309

NET BOOK VALUE

At 30 November 2014

31,037

At 30 November 2013

27,736

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.14

30.11.13

value:

£

£

1

Ordinary

£1

1

1