UNZE ONLINE (UK) LTD Accounts filed on 31-03-2014

UNZE ONLINE (UK) LTD - Company Information

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UNZE ONLINE (UK) LTD

Company Registration Number:
06694748 (England and Wales)

Report of the Directors and Unaudited Financial Statements

Period of accounts

Start date: 01st April 2013

End date: 31st March 2014

SUBMITTED

Contents of the Financial Statements
for the Period Ended 31st March 2014


Company Information
Report of the Directors
Profit and Loss Account
Gains and Losses
Balance sheet
Notes to the Financial Statements

Company Information
for the Period Ended 31st March 2014

Director:		Kamran Saleem
		Shazeen Kamran Saleem
		Khuram Saleem






Registered office:		Unit 1-2 The Mews
		2a Kempton Road

		London

		E6 2LD




Company Registration Number:		06694748 (England and Wales)

Directors' Report Period Ended 31st March 2014

The directors present their report with the financial statements of the company for the period ended 31st March 2014

Principal activities
The principal activity of the company in the period under review was:
Internet Shopping Site

Directors
The directors shown below have held office during the whole of the period from
01st April 2013 to 31st March 2014
Kamran Saleem

The director(s) shown below were appointed to the company during the period
Shazeen Kamran Saleem on 03 February 2014

The director(s) shown below resigned during the period
Khuram Saleem on 03 January 2014

The company commenced trading on 01 April 2013.

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 07 July 2014
And Signed On Behalf Of The Board By:

Name: Kamran Saleem
Status: Director

Profit and Loss Account

for the Period Ended 31st March 2014

	Notes	2014 £
Turnover:		372,500
Cost of sales:		262,747
Gross profit or (loss):		109,753
Distribution costs:		92,670
Administrative expenses:	,	13,272
Other operating income:		-
Operating profit or (loss):	2	3,811
Interest receivable and similar income:		0
Interest payable and similar charges:		0
Profit or (loss) on ordinary activities before taxation:		3,811
Tax on profit or (loss) on ordinary activities:		440
Profit or (loss) for the financial year:		3,371

The notes form part of these financial statements

Statement of total recognised gains and losses
31st March 2014

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report.

The notes form part of these financial statements

Balance sheet
As at 31st March 2014

	Notes	2014 £	2013 £
Fixed assets
Intangible assets:		0	0
Tangible assets:	4	1,611	0
Total fixed assets:		1,611	0
Current assets
Stocks:	5	44,616	0
Debtors:	6	106,955	0
Cash at bank and in hand:		17,816	1,000
Total current assets:		169,387	1,000
Creditors: amounts falling due within one year	7	169,415	0
Net current assets (liabilities):		( 28 )	1,000
Total assets less current liabilities:		1,583	1,000
Creditors: amounts falling due after more than one year:		0	0
Provision for liabilities:		0	0
Total net assets (liabilities):		1,583	1,000

The notes form part of these financial statements

Balance sheet
As at 31st March 2014
continued

	Notes	2014 £	2013 £
Capital and reserves
Called up share capital:	8	1,000	1,000
Revaluation reserve:		0	0
Profit and Loss account:	9	583	0
Total shareholders funds:		1,583	1,000

For the year ending 31 March 2014 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 07 July 2014

SIGNED ON BEHALF OF THE BOARD BY:

Name: Kamran Saleem
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements
for the Period Ended 31st March 2014

1. Accounting policies

Basis of measurement and preparation of accounts

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 policy

The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods supplied during the period, exclusive of Value Added Tax and trade discounts.

Tangible fixed assets depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Office Equipment - 12.5%

Valuation information and policy

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Other accounting policies

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. Deferred taxation is calculated at the rates of tax that are expected to apply in the periods when the timing differences will reverse and has not been discounted.

Notes to the Financial Statements
for the Period Ended 31st March 2014

2 . Operating profit or (loss)

Operating profit or (loss) before tax as stated after charging the following.

	2014	2013
	£	£
Depreciation - owned assets:	230	0
Depreciation - assets on hire purchase contract:	0	0
Amortisation of goodwill:	0	0
Amortisation of other intangible assets:	0	0
Profit or (loss) on disposal of fixed assets:	0	0
Operating lease rentals:	0	0
Bad debts written off:	0	0

Notes to the Financial Statements
for the Period Ended 31st March 2014

3. Dividends

	2014	2013
	£	£
Dividends paid on ordinary shares:	2,788	0
Dividends paid on preference shares:	0	0
Total dividends paid:	2,788	0

Notes to the Financial Statements
for the Period Ended 31st March 2014

4. Tangible assets

	Land and buildings	Plant Machinery	Fixtures and fittings	Office Equipment	Motor vehicles	Total
Cost	£	£	£	£	£	£
At 01st April 2013:	-	-	-	0	-	0
Additions:	-	-	-	1,841	-	1,841
Disposals:	-	-	-	0	-	0
Revaluations:	-	-	-	0	-	0
Transfers:	-	-	-	0	-	0
At 31st March 2014:	-	-	-	1,841	-	1,841
Depreciation
At 01st April 2013:	-	-	-	0	-	0
Charge for year:	-	-	-	230	-	230
On disposals:	-	-	-	0	-	0
Other adjustments	-	-	-	0	-	0
At 31st March 2014:	-	-	-	230	-	230
Net book value
At 31st March 2014:	-	-	-	1,611	-	1,611
At 31st March 2013:	-	-	-	0	-	0

Notes to the Financial Statements
for the Period Ended 31st March 2014

5. Stocks

	2014	2013
	£	£
Finished goods and goods for resale:	44,616	0
Total:	44,616	0

Notes to the Financial Statements
for the Period Ended 31st March 2014

6. Debtors

	2014	2013
	£	£
Trade debtors:	106,955	0
Other debtors:	0	0
Prepayments and accrued income:	0	0
Total:	106,955	0

Trade debtors includes £81,081 from a company of which K Saleem is a director.

Notes to the Financial Statements
for the Period Ended 31st March 2014

7. Creditors: amounts falling due within one year

	2014	2013
	£	£
Trade creditors:	71,676	-
Taxation and social security:	199	-
Accruals and deferred income:	4,343	-
Other creditors:	93,197	-
Total:	169,415	0

Notes to the Financial Statements
for the Period Ended 31st March 2014

8. Called up share capital

Allotted, called up and paid

Previous period			2013
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	1,000	1.00 1.00	1,000
Total share capital:			1,000

Current period			2014
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	1,000	1.00 1.00	1,000
Total share capital:			1,000

Notes to the Financial Statements
for the Period Ended 31st March 2014

9. Profit and loss account

	2014	2013
	£	£
Opening balance:	0	0
Profit or (loss) for the period:	3,371	0
Equity dividends paid:	2,788	0
Retained profit:	583	0

UNZE ONLINE (UK) LTD Accounts filed on 31-03-2014