Uni-Thread Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04709600 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2015

for

Uni-Thread Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P A Morris

Mrs S Morris

SECRETARY:

P A Morris

REGISTERED OFFICE:

78 Roselands Drive

Paignton

Devon

TQ4 7BS

REGISTERED NUMBER:

04709600 (England and Wales)

ACCOUNTANTS:

Mark Ward Chartered Certified Accountants

First Floor, CEF Building

Broomhill Way

Torquay

Devon

TQ2 7QN

FIXED ASSETS

Tangible assets

2

6,940

9,090

CURRENT ASSETS

Stocks

33,390

28,122

Debtors

4,042

2,495

Cash at bank and in hand

1,774

2,235

39,206

32,852

CREDITORS

Amounts falling due within one year

36,391

25,989

NET CURRENT ASSETS

2,815

6,863

TOTAL ASSETS LESS CURRENT LIABILITIES

9,755

15,953

CREDITORS

Amounts falling due after more than one
year

9,642

15,814

NET ASSETS

113

139

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

111

137

SHAREHOLDERS' FUNDS

113

139

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 19 August 2016 and were signed on its behalf
by:

P A Morris - 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 and 15% 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.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

and 30 November 2015

17,482

DEPRECIATION

At 1 December 2014

8,392

Charge for year

2,150

At 30 November 2015

10,542

NET BOOK VALUE

At 30 November 2015

6,940

At 30 November 2014

9,090

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.15

30.11.14

value:

£

2

Ordinary shares

£1

2