Unomena Ltd - Limited company accounts 16.3

Unomena Ltd - Limited company accounts 16.3

UNOMENA LTD - Company Information

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REGISTERED NUMBER: 08630005 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2017

FOR

UNOMENA LTD

UNOMENA LTD (REGISTERED NUMBER: 08630005)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 28th February 2017










Page

Company Information 1

Report of the Directors 2

Chartered Accountants' Report 3

Income Statement 4

Statement of Financial Position 5

Notes to the Financial Statements 6


UNOMENA LTD

COMPANY INFORMATION
For The Year Ended 28th February 2017







DIRECTORS: Exceed (UK) Nominees Limited
A F Phillips





REGISTERED OFFICE: Bank House
81 St Judes Road
Englefield Green
TW20 0DF





REGISTERED NUMBER: 08630005 (England and Wales)





ACCOUNTANTS: Exceed CA Ltd
Bank House
81 St Judes Road
Englefield Green
Surrey
TW20 0DF
Page 1
UNOMENA LTD (REGISTERED NUMBER: 08630005)

REPORT OF THE DIRECTORS
For The Year Ended 28th February 2017


The directors present their report with the financial statements of the company for the year ended 28th February 2017.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of a full-service digital agency.

DIRECTORS
The directors shown below have held office during the whole of the period from 1st March 2016 to the date of this
report.

Exceed (UK) Nominees Limited
A F Phillips

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small
companies.

ON BEHALF OF THE BOARD:





A F Phillips - Director


31st March 2017

Page 2
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
UNOMENA LTD



In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Unomena Ltd for the year ended 28th February 2017 on pages four to seven from the company's
accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Unomena Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Unomena Ltd and state those matters that we have agreed to state to the Board of Directors of Unomena Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Unomena Ltd Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Unomena Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Unomena Ltd. You consider that Unomena Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Unomena Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Exceed CA Ltd
Bank House
81 St Judes Road
Englefield Green
Surrey
TW20 0DF


Date: .............................................

This page does not form part of the statutory financial statements

Page 3
UNOMENA LTD (REGISTERED NUMBER: 08630005)

INCOME STATEMENT
For The Year Ended 28th February 2017

2017 2016
Notes $    $   

REVENUE 354,551 418,304

Cost of sales 313,638 277,312
GROSS PROFIT 40,913 140,992

Administrative expenses 75,472 74,221
OPERATING (LOSS)/PROFIT (34,559 ) 66,771

Interest receivable and similar income 4 2
(34,555 ) 66,773

Interest payable and similar expenses 101 -
(LOSS)/PROFIT BEFORE TAXATION (34,656 ) 66,773

Tax on (loss)/profit (6,931 ) 13,355
(LOSS)/PROFIT FOR THE FINANCIAL
YEAR
(27,725
)
53,418

The notes form part of these financial statements

Page 4
UNOMENA LTD (REGISTERED NUMBER: 08630005)

STATEMENT OF FINANCIAL POSITION
28th February 2017

2017 2016
Notes $    $   
CURRENT ASSETS
Debtors 3 32,888 45,601
Cash at bank 87,591 46,806
120,479 92,407
CREDITORS
Amounts falling due within one year 4 88,808 30,619
NET CURRENT ASSETS 31,671 61,788
TOTAL ASSETS LESS CURRENT
LIABILITIES
31,671
61,788

CAPITAL AND RESERVES
Called up share capital 5 360 360
Retained earnings 6 31,311 61,428
SHAREHOLDERS' FUNDS 31,671 61,788

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2017 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 financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 31st March 2017 and were signed on its behalf by:





A F Phillips - Director


The notes form part of these financial statements

Page 5
UNOMENA LTD (REGISTERED NUMBER: 08630005)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 28th February 2017


1. STATUTORY INFORMATION

Unomena Ltd is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the value of services provided under contracts to the extent that there is a right to
consideration and is recorded at the value of the consideration due. Where a contract has only been partially
completed at the balance sheet date turnover represents the value of the service provided to date based on a
proportion of the total expected consideration at completion.

Where payments are received from customers in advance of services provided, the amounts are recorded as
Deferred Income and included as part of Creditors due within one year.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or
substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
statement of financial position date. Transactions in foreign currencies are translated into USD at the rate of
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the
operating result.

Page 6 continued...
UNOMENA LTD (REGISTERED NUMBER: 08630005)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 28th February 2017


3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
$    $   
Trade debtors 32,425 45,584
Other debtors 463 17
32,888 45,601

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
$    $   
Trade creditors 93,176 17,005
Tax (6,931 ) 11,914
Other creditors 863 -
Accrued expenses 1,700 1,700
88,808 30,619

5. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: $    $   
240 Ordinary at £1 each at $1.5/£ 1.5 360 360

6. RESERVES
Retained
earnings
$   

At 1st March 2016 61,428
Deficit for the year (27,725 )
Dividends (2,392 )
At 28th February 2017 31,311

7. RELATED PARTY DISCLOSURES

The company is under control of its directors.

Mr A Phillips is also a director of Exceed (UK) Ltd.

During the year the company purchased services from Unomena C.C. of $308,338 (2016:$276,952) and at the
year ended $91,280 (2016:$692) was due from the company.

Page 7