Accounts filed on 30-09-2014
Accounts filed on 30-09-2014
trueUCNS Limited062356802014-09-303802563838126739101101381267391564719809537732054830313-10732284203137868314516127136234940110357795761677923460312802346031280Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with applicable UK accounting standards.
Cash flow statement
The directors have taken advantage of the exemption in Financial Reporting Standard No 1 (Revised 1996) from including a cash flow statement in the financial statements on the grounds that the company is small.
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed
assets at their fair value. The capital element of the future payments is treated as a liability and
the interest is charged to the profit and loss account at a constant rate of charge on the balance of capital repayments outstanding.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date where transactions or events have occurred at that date that
will result in an obligation to pay more, or a right to pay less or to receive more tax, with
the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments)
of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement
assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose
of the assets concerned. However, no provision is made where, on the basis of all available
evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled
over into replacement assets and charged to tax only where the replacement assets are sold.
Deferred tax assets are recognised only to the extent that the directors consider that it is more
likely than not that there will be suitable taxable profits from which the future reversal of the
underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected
to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or
substantively enacted at the balance sheet date.
Fixed Assets
All fixed assets are initially recorded at cost.
Fixtures & FittingsReducing balance basis0.2500Motor VehiclesReducing balance basis0.2500EquipmentReducing balance basis0.25008272082720592605144078208272082720592605144078201564719809Ordinary A1100100100Ordinary B11112016-03-28Mrs. S. J. Owentruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureUCNS Limited2013-10-012014-09-30UCNS Limited2012-10-012013-09-30UCNS Limited2012-09-30UCNS Limited2013-09-30UCNS Limited2013-09-30UCNS Limited2014-09-30 2016-04-01
