Abbreviated Company Accounts - UNIBELL DESIGNS LIMITED

UNIBELL DESIGNS LIMITED - Company Information

04764307 UNIBELL DESIGNS LIMITED 2016-05-31 false 2015-06-01 2016-05-31 true 04764307 2015-06-01 2016-05-31 04764307 2016-05-31 04764307 2015-05-31 04764307 uk-gaap-cd-bus:Director1 2015-06-01 2016-05-31 04764307 uk-gaap-cd-bus:Director2 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 iso4217:GBP shares

Registered Number 04764307

UNIBELL DESIGNS LIMITED

Abbreviated Accounts

31 May 2016

UNIBELL DESIGNS LIMITED Registered Number 04764307

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	1,147,555	1,418,552
		1,147,555	1,418,552
Current assets
Debtors		333,346	333,543
Cash at bank and in hand		99,911	5,530
		433,257	339,073
Creditors: amounts falling due within one year		(1,004,359)	(1,437,905)
Net current assets (liabilities)		(571,102)	(1,098,832)
Total assets less current liabilities		576,453	319,720
Creditors: amounts falling due after more than one year		(185,000)	(185,500)
Total net assets (liabilities)		391,453	134,220
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		391,353	134,120
Shareholders' funds		391,453	134,220

For the year ending 31 May 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 29 June 2017

And signed on their behalf by:
SARA FRIEDMAN, Director

UNIBELL DESIGNS LIMITED Registered Number 04764307

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

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
The turnover shown in the profit and loss account represents rent receivable for the year.

Other accounting policies
Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2Tangible fixed assets

	£
Cost
At 1 June 2015	1,418,552
Additions	-
Disposals	(270,997)
Revaluations	-
Transfers	-
At 31 May 2016	1,147,555
Depreciation
At 1 June 2015	-
Charge for the year	-
On disposals	-
At 31 May 2016	-
Net book values
At 31 May 2016	1,147,555
At 31 May 2015	1,418,552

All fixed assets are initially recorded at cost.

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100