Usail Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05076368

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

USAIL LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

K Russell

SECRETARY:

D & W Services Limited

REGISTERED OFFICE:

Flat 10

Manor Gate

Bishops Down Road

Tunbridge Wells

Kent

TN4 8XL

REGISTERED NUMBER:

05076368

ACCOUNTANTS:

Robsons Accountants

19 Montpelier Avenue

Bexley

Kent

DA5 3AP

CURRENT ASSETS

Debtors

912

595

Cash at bank

2,687

411

TOTAL ASSETS LESS CURRENT LIABILITIES

3,599

1,006

CREDITORS

Amounts falling due after more than one year

44,122

40,993

NET LIABILITIES

(40,523

)

(39,987

)

CAPITAL AND RESERVES

Called up share capital

2

100

100

Profit and loss account

(40,623

)

(40,087

)

SHAREHOLDERS' FUNDS

(40,523

)

(39,987

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 18 November 2014 and were signed by:

K Russell - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

1

100

100