Unicorn Trails Limited Small abbreviated accounts
Unicorn Trails Limited Small abbreviated accounts
COMPANY REGISTRATION NUMBER
03805366
ABBREVIATED BALANCE SHEET
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2016 |
2015 |
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Note |
£ |
£ |
£ |
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|
FIXED ASSETS |
2 |
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Tangible assets |
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|
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--------- |
--------- |
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CURRENT ASSETS
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Stocks |
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Debtors |
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Cash at bank and in hand |
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|
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---------- |
---------- |
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209,545 |
224,896 |
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CREDITORS: Amounts falling due within one year |
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---------- |
---------- |
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NET CURRENT ASSETS |
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--------- |
--------- |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS: Amounts falling due after more than one year |
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--------- |
--------- |
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--------- |
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CAPITAL AND RESERVES
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Called up equity share capital |
3 |
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Profit and loss account |
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(
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--------- |
--------- |
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SHAREHOLDERS' FUNDS |
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--------- |
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Directors' responsibilities:
-
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts were approved by the directors and authorised for issue on
29 March 2017
, and are signed on their behalf by:
Company Registration Number:
03805366
NOTES TO THE
ABBREVIATED ACCOUNTS
YEAR ENDED 30 SEPTEMBER 2016
1.
ACCOUNTING POLICIES
Basis of accounting
Turnover
Goodwill
Positive purchased goodwill arising on acquisitions is capitalised, classified as an asset on the Balance Sheet and amortised over its useful economic life. Useful ecomonic lives are reviewed at the end of each reporting period and revised if necessary, subject to the constraint that the revised life shall not exceed 20 years from the date of acquisition. The carrying amount at the date of revision is depreciated over the revised estimate of remaining useful economic life.
Fixed assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold.
Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
2.
FIXED ASSETS
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Tangible Assets |
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£ |
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COST
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At 1 October 2015 |
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Additions |
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---------- |
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At 30 September 2016 |
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---------- |
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DEPRECIATION
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At 1 October 2015 |
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Charge for year |
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--------- |
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At 30 September 2016 |
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--------- |
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NET BOOK VALUE
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At 30 September 2016 |
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--------- |
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At 30 September 2015 |
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--------- |
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3.
SHARE CAPITAL
Allotted, called up and fully paid:
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2016 |
2015 |
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No. |
£ |
No. |
£ |
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--------- |
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ACCOUNTANTS' REPORT TO THE DIRECTORS OF UNICORN TRAILS
LIMITED
YEAR ENDED 30 SEPTEMBER 2016
As described on the balance sheet, the directors of the company are responsible for the preparation of the abbreviated accounts for the year ended 30 September 2016.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited abbreviated accounts in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.