Abbreviated Company Accounts - UNIS LONDON LIMITED

Abbreviated Company Accounts - UNIS LONDON LIMITED

UNIS LONDON LIMITED - Company Information

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Registered Number 07462594

UNIS LONDON LIMITED

Abbreviated Accounts

31 December 2013

UNIS LONDON LIMITED Registered Number 07462594

Abbreviated Balance Sheet as at 31 December 2013

Notes 2013 2012
£ £
Fixed assets
Intangible assets 2 10,000 10,000
Tangible assets 3 8,567 10,709
18,567 20,709
Current assets
Stocks 954,435 738,592
Debtors 23,683 -
Cash at bank and in hand - 6,836
978,118 745,428
Creditors: amounts falling due within one year (995,678) (764,544)
Net current assets (liabilities) (17,560) (19,116)
Total assets less current liabilities 1,007 1,593
Total net assets (liabilities) 1,007 1,593
Capital and reserves
Called up share capital 100 100
Profit and loss account 907 1,493
Shareholders' funds 1,007 1,593
  • For the year ending 31 December 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 15 July 2014

And signed on their behalf by:
M Younis, Director

UNIS LONDON LIMITED Registered Number 07462594

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The financial statements are prepared under the historical cost convention and comply with financial reporting standards of the Accounting Standards Board

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Plant and machinery - 20% reducing balance

Fixtures, fittings and equipment - 20% reducing balance

Intangible assets amortisation policy
Intangible asset is the goodwill paid towards the business acquisition. Director decided in the meeting not to amortise as the value of goodwill will not reduce. Hence goodwill is not amortised.

Valuation information and policy
Stock is valued at the lower of cost and net realisable value.

2Intangible fixed assets
£
Cost
At 1 January 2013 10,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2013 10,000
Amortisation
At 1 January 2013 -
Charge for the year -
On disposals -
At 31 December 2013 -
Net book values
At 31 December 2013 10,000
At 31 December 2012 10,000
3Tangible fixed assets
£
Cost
At 1 January 2013 12,123
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2013 12,123
Depreciation
At 1 January 2013 1,414
Charge for the year 2,142
On disposals -
At 31 December 2013 3,556
Net book values
At 31 December 2013 8,567
At 31 December 2012 10,709