Company Registration No. 08644537 (England and Wales)
Unlockstaffpotential Ltd
Unaudited accounts
for the year ended 31 July 2017
Unlockstaffpotential Ltd
Unaudited accounts
Contents
Unlockstaffpotential Ltd
Company Information
for the year ended 31 July 2017
Company Number
08644537 (England and Wales)
Registered Office
Tinkers Cottage
Tinkers Lane
Hadleigh
Suffolk
IP7 5NG
Accountants
Target Associates Ltd
31 High Street
Needham Market
Suffolk
IP6 8AL
Unlockstaffpotential Ltd
Statement of financial position
as at 31 July 2017
Cash at bank and in hand
18,645
13,195
Creditors: amounts falling due within one year
(14,038)
(15,469)
Net current assets
16,049
13,571
Total assets less current liabilities
19,263
13,705
Provisions for liabilities
Called up share capital
2
2
Profit and loss account
18,618
13,676
Shareholders' funds
18,620
13,678
For the year ending 31 July 2017 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 10 August 2017.
G Jones
Director
Company Registration No. 08644537
Unlockstaffpotential Ltd
Notes to the Accounts
for the year ended 31 July 2017
Unlockstaffpotential Ltd is a private company, limited by shares, registered in England and Wales, registration number 08644537. The registered office is Tinkers Cottage, Tinkers Lane, Hadleigh, Suffolk, IP7 5NG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 July 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Unlockstaffpotential Ltd
Notes to the Accounts
for the year ended 31 July 2017
4
Tangible fixed assets
Motor vehicles
Trade debtors
11,442
13,845
6
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
11,489
13,995
Loans from directors
1,509
831
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 1 (2016: 1).
