Company Registration No. 08644537 (England and Wales)
Unlockstaffpotential Ltd
Abbreviated unaudited accounts
for the year ended 31 July 2016
Unlockstaffpotential Ltd
Abbreviated Balance Sheet
as at 31 July 2016
Cash at bank and in hand
13,195
9,756
Creditors: amounts falling due within one year
(15,469)
(11,404)
Net current assets
13,571
5,468
Total assets less current liabilities
13,705
5,738
Provisions for liabilities
(27)
(54)
Called up share capital
2
2
Profit and loss account
13,676
5,682
Total shareholders' funds
13,678
5,684
For the year ending 31 July 2016 the company was entitled to exemption from audit 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 director acknowledges his 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 January 2015).
Approved by the board on 14 August 2016
G Jones
Director
Company Registration No. 08644537
Unlockstaffpotential Ltd
Notes to the Abbreviated Accounts
for the year ended 31 July 2016
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Stocks and work-in-progress 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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
2
Tangible fixed assets
Motor vehicles
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
