Younique Designs Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06245718 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2015

FOR

YOUNIQUE DESIGNS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs J D Stevens

SECRETARY:

M J Stevens

REGISTERED OFFICE:

1 Castle Hill Court

Castle Hill

Rochester

Kent

ME1 1LF

REGISTERED NUMBER:

06245718 (England and Wales)

ACCOUNTANTS:

Cassidys Chartered Accountants

South Stour Offices

Roman Road

Mersham

Ashford

Kent

TN25 7HS

FIXED ASSETS

Tangible assets

2

1,745

1,641

CURRENT ASSETS

Stocks

7,124

5,800

Debtors

11,283

9,434

Cash at bank and in hand

12,947

3,319

31,354

18,553

CREDITORS

Amounts falling due within one year

35,517

15,445

NET CURRENT (LIABILITIES)/ASSETS

(4,163

)

3,108

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,418

)

4,749

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(2,419

)

4,748

SHAREHOLDERS' FUNDS

(2,418

)

4,749

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 26 February 2016 and were signed by:

Mrs J D Stevens - 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

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.

Going concern

During the year the company incurred a loss of £7,167 (2014 - £2,459) and at the balance sheet date had net liabilities of

£2,418 (2014 - £4,749 net assets). These financial statements have been prepared on a going concern basis which assumes

continuing support from the company director.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

3,827

Additions

685

At 31 May 2015

4,512

DEPRECIATION

At 1 June 2014

2,186

Charge for year

581

At 31 May 2015

2,767

NET BOOK VALUE

At 31 May 2015

1,745

At 31 May 2014

1,641

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.15

31.5.14

value:

£

£

1

Ordinary

1

1

1