Unifurnaces Limited - Accounts to registrar - small 17.2

Unifurnaces Limited - Accounts to registrar - small 17.2

UNIFURNACES LIMITED - Company Information

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REGISTERED NUMBER: 01830102 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

UNIFURNACES LIMITED

UNIFURNACES LIMITED (REGISTERED NUMBER: 01830102)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


UNIFURNACES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2016







DIRECTOR: Mr S R Shelton



REGISTERED OFFICE: 4 Malthouse Lane
Tettenhall
Wolverhampton
West Midlands
WV6 9PB



REGISTERED NUMBER: 01830102 (England and Wales)



ACCOUNTANTS: Poole Waterfield Limited
Priory House
2 Priory Road
Dudley
West Midlands
DY1 1HH



BANKERS: Lloyds Bank Plc
28A High Street
Tettenhall
Wolverhampton
West Midlands
WV6 8QT
1
UNIFURNACES LIMITED (REGISTERED NUMBER: 01830102)

BALANCE SHEET
31 DECEMBER 2016

31.12.16 31.12.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 394 636

CURRENT ASSETS
Stocks 4,150 1,500
Debtors 4 959 3,124
Cash at bank 3,063 19,301
8,172 23,925
CREDITORS
Amounts falling due within one year 5 7,735 10,916
NET CURRENT ASSETS 437 13,009
TOTAL ASSETS LESS CURRENT
LIABILITIES
831
13,645

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 829 13,643
SHAREHOLDERS' FUNDS 831 13,645

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 notes form part of these financial statements

2
UNIFURNACES LIMITED (REGISTERED NUMBER: 01830102)

BALANCE SHEET - continued
31 DECEMBER 2016


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 31 July 2017 and were signed by:





Mr S R Shelton - Director


The notes form part of these financial statements

3
UNIFURNACES LIMITED (REGISTERED NUMBER: 01830102)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016

1. STATUTORY INFORMATION

Unifurnaces Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance
Office equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

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 have been
enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet 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 balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at
the operating result.

4
UNIFURNACES LIMITED (REGISTERED NUMBER: 01830102)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016

2. ACCOUNTING POLICIES - continued

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

3. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 January 2016 716 1,258 1,974
Additions - 97 97
At 31 December 2016 716 1,355 2,071
DEPRECIATION
At 1 January 2016 716 622 1,338
Charge for year - 339 339
At 31 December 2016 716 961 1,677
NET BOOK VALUE
At 31 December 2016 - 394 394
At 31 December 2015 - 636 636

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Trade debtors - 2,451
Other debtors 959 673
959 3,124

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Trade creditors 1,493 680
Taxation and social security 275 291
Other creditors 5,967 9,945
7,735 10,916

5