Unique Renewables Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC457910 (Scotland)

Unique Renewables Limited

Abbreviated Accounts

for the Year Ended 31st August 2015

Page

Company information

1

Abbreviated balance sheet

2

Notes to the abbreviated accounts

3

Director:

M J Woodcock

Registered office:

2 Lees Mill Drive

Coldstream

Berwickshire

TD12 4NL

Registered number:

SC457910 (Scotland)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Current assets

Debtors

15,929

7,884

Cash at bank

4,101

1,439

20,030

9,323

Creditors

Amounts falling due within one year

81,307

41,906

Net current liabilities

(61,277

)

(32,583

)

Total assets less current liabilities

(61,277

)

(32,583

)

Capital and reserves

Called up share capital

2

100

Profit and loss account

(61,377

)

(32,683

)

Shareholders' funds

(61,277

)

(32,583

)

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

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

The director acknowledges his 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 31st May 2016 and were signed by:

M J Woodcock - 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 the total invoice value, excluding value added tax of sales invoiced during the year, or the

fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have

passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses

and the right to consideration is earned.

Deferred tax

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.

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Going concern

The continued trading of the company is dependent on the future support of the director through his loan

account. The director has given assurances that these funds will not be withdrawn within the next twelve months

and the accounts have therefore been prepared on the going concern basis.

2.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100