Abbreviated Company Accounts - UNIQ STUDIOS LIMITED

Abbreviated Company Accounts - UNIQ STUDIOS LIMITED

UNIQ STUDIOS LIMITED - Company Information

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Registered Number 08146001

UNIQ STUDIOS LIMITED

Abbreviated Accounts

31 August 2016

UNIQ STUDIOS LIMITED Registered Number 08146001

Abbreviated Balance Sheet as at 31 August 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 7,680 9,600
Tangible assets 3 69,703 62,867
77,383 72,467
Current assets
Debtors 385 385
Cash at bank and in hand 67,946 22,657
68,331 23,042
Creditors: amounts falling due within one year (89,515) (68,224)
Net current assets (liabilities) (21,184) (45,182)
Total assets less current liabilities 56,199 27,285
Creditors: amounts falling due after more than one year (20,547) (31,815)
Total net assets (liabilities) 35,652 (4,530)
Capital and reserves
Called up share capital 1 1
Profit and loss account 35,651 (4,531)
Shareholders' funds 35,652 (4,530)
  • For the year ending 31 August 2016 the company was entitled to exemption 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 directors acknowledge their 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.

Approved by the Board on 31 May 2017

And signed on their behalf by:
Ibraheem Adeoye, Director

UNIQ STUDIOS LIMITED Registered Number 08146001

Notes to the Abbreviated Accounts for the period ended 31 August 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents the net invoiced value on commercial photography and photography technology consultancy services rendered to its client customers during the period under review. The figures exclude value added tax.

Tangible assets depreciation policy
Depreciation is provided on the net cost of the assets in accordance with the recommended
accounting requirements. The charge for depreciation of fixed assets has been calculated to write
off the assets over their expected useful economic lives using the reducing value method of depreciation.

2Intangible fixed assets
£
Cost
At 1 September 2015 15,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 August 2016 15,000
Amortisation
At 1 September 2015 5,400
Charge for the year 1,920
On disposals -
At 31 August 2016 7,320
Net book values
At 31 August 2016 7,680
At 31 August 2015 9,600
3Tangible fixed assets
£
Cost
At 1 September 2015 94,078
Additions 23,708
Disposals -
Revaluations -
Transfers -
At 31 August 2016 117,786
Depreciation
At 1 September 2015 31,211
Charge for the year 16,872
On disposals -
At 31 August 2016 48,083
Net book values
At 31 August 2016 69,703
At 31 August 2015 62,867