UNIBELL DESIGNS LIMITED Company accounts
UNIBELL DESIGNS LIMITED Company accounts
COMPANY REGISTRATION NUMBER:
04764307
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Financial Statements |
Year ended 31 May 2020
Contents |
Page |
Directors' report |
1 |
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements |
2 |
Statement of income and retained earnings |
3 |
Statement of financial position |
4 |
Notes to the financial statements |
5 |
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Directors' Report |
Year ended 31 May 2020
The directors present their report and the unaudited financial statements of the company for the year ended
31 May 2020
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Directors
The directors who served the company during the year were as follows:
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Small company provisions
This report was approved by the board of directors on
19 August 2021
and signed on behalf of the board by:
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Director |
Registered office: |
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Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
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Year ended 31 May 2020
Hallswelle House
1 Hallswelle Road
London
NW11 0DH
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Statement of Income and Retained Earnings |
Year ended 31 May 2020
2020 |
2019 |
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Note |
£ |
£ |
Turnover |
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Cost of sales |
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Gross profit |
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Administrative expenses |
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Operating profit |
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Interest payable and similar expenses |
4 |
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Profit before taxation |
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Tax on profit |
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Profit for the financial year and total comprehensive income |
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Dividends paid and payable |
(
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(
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Retained earnings at the start of the year |
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Retained earnings at the end of the year |
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All the activities of the company are from continuing operations.
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Statement of Financial Position |
2020 |
2019 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Debtors |
6 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
7 |
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Net current liabilities |
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Total assets less current liabilities |
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Net assets |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements were approved by the
board of directors
and authorised for issue on
19 August 2021
, and are signed on behalf of the board by:
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Director |
Company registration number:
04764307
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Notes to the Financial Statements |
Year ended 31 May 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1, Hallswelle Road, London, NW11 ODH.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Tangible assets
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Interest payable and similar expenses
2020 |
2019 |
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£ |
£ |
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Other interest payable and similar charges |
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5.
Tangible assets
Freehold property |
Long leasehold property |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 June 2019 and 31 May 2020 |
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Depreciation |
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At 1 June 2019 and 31 May 2020 |
– |
– |
– |
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Carrying amount |
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At 31 May 2020 |
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At 31 May 2019 |
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Directors have considered the market value of the properties and concluded that no adjustments necessary since there are no significant differences between the market value and the value stated in the financial statements.
6.
Debtors
2020 |
2019 |
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£ |
£ |
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Trade debtors |
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– |
Other debtors |
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7.
Creditors:
amounts falling due within one year
2020 |
2019 |
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£ |
£ |
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Trade creditors |
– |
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Corporation tax |
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Other creditors |
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8.
Related party transactions
The company was under the control of Mrs
S Friedman
throughout the current and previous year. Mrs S Friedman
is the managing director and a shareholder.