Unstuck Design Limited - Period Ending 2014-03-31

Registration number: 6486101

Unstuck Design Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

Hugh Davies & Co
35 Chequers Court
Brown Street
Salisbury
Wiltshire
SP1 2AS

Unstuck Design Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Unstuck Design Limited
(Registration number: 6486101)
Abbreviated Balance Sheet at 31 March 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets		2			2,755			2,133
Current assets
Debtors					32,711			24,790
Cash at bank and in hand					67,298			83,438
					100,009			108,228
Creditors: Amounts falling due within one year					(37,216)			(35,948)
Net current assets					62,793			72,280
Total assets less current liabilities					65,548			74,413
Provisions for liabilities					(310)			(133)
Net assets					65,238			74,280
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					65,138			74,180
Shareholders' funds					65,238			74,280

For the year ending 31 March 2014 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 director acknowledges his 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 director on 2 December 2014

.........................................
J Purves
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Unstuck Design Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures, fittings and equipment	25% reducing balance

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Unstuck Design Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2013		6,998			6,998
Additions		1,541			1,541
At 31 March 2014		8,539			8,539
Depreciation
At 1 April 2013		4,865			4,865
Charge for the year		919			919
At 31 March 2014		5,784			5,784
Net book value
At 31 March 2014		2,755			2,755
At 31 March 2013		2,133			2,133

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 3