UNIVERSAL_LAMINATORS_LIMI - Accounts

UNIVERSAL LAMINATORS LIMITED - Company Information

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Company Registration No. 04823138 (England and Wales)

UNIVERSAL LAMINATORS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

UNIVERSAL LAMINATORS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

UNIVERSAL LAMINATORS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

2,294

3,249

Current assets

Stocks

8,694

29,939

Debtors

81,465

26,417

Cash at bank and in hand

34,935

126,244

125,094

182,600

Creditors: amounts falling due within one year

(105,762)

(184,499)

Net current assets/(liabilities)

19,332

(1,899)

Total assets less current liabilities

21,626

1,350

Provisions for liabilities

(450)

(650)

21,176

700

Capital and reserves

Called up share capital

100

Profit and loss account

21,076

600

Shareholders' funds

21,176

700

For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 15 March 2017

Mr D D Goodspeed

Director

Company Registration No. 04823138

UNIVERSAL LAMINATORS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

15% reducing balance and 33% straight line

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Tangible assets

Cost

At 1 July 2015 & at 30 June 2016

9,997

Depreciation

At 1 July 2015

6,748

Charge for the year

955

At 30 June 2016

7,703

Net book value

At 30 June 2016

2,294

At 30 June 2015

3,249

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100