People Unite Clothing Limited


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Company Registration No. 09072726 (England and Wales)
People Unite Clothing Limited Abbreviated unaudited accounts for the period from 1 July 2015 to 31 July 2016
People Unite Clothing Limited Abbreviated Balance Sheet as at 31 July 2016
2016 
2015 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,232 
4,435 
Current assets
Stocks
2,400 
320 
Debtors
8,335 
5,418 
Cash at bank and in hand
282 
251 
11,017 
5,989 
Creditors: amounts falling due within one year
(26,219)
(17,085)
Net current liabilities
(15,202)
(11,096)
Net liabilities
(12,970)
(6,661)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(12,971)
(6,662)
Total shareholders' funds
(12,970)
(6,661)
For the period 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 13 April 2017
Ashley Magee Director Company Registration No. 09072726
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People Unite Clothing Limited Notes to the Abbreviated Accounts for the period from 1 July 2015 to 31 July 2016
1
Accounting policies
Basis of preparation
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
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%
Motor vehicles
25%
2
Tangible fixed assets
£ 
Cost
At 1 July 2015
5,544 
Additions
1,349 
Disposals
(3,404)
At 31 July 2016
3,489 
Depreciation
At 1 July 2015
1,109 
Charge for the year
829 
On disposals
(681)
At 31 July 2016
1,257 
Net book value
At 31 July 2016
2,232 
At 30 June 2015
4,435 
3
Share capital
2016 
2015 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
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