UK Pique Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 06345030 (England and Wales)

UK Pique Ltd

Unaudited Financial Statements

for the Year Ended 31 August 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

5

DIRECTORS:

C Throop

Mrs L Throop

REGISTERED OFFICE:

Unit C

Magna Road

Wigston

Leicestershire

LE18 4ZH

REGISTERED NUMBER:

06345030 (England and Wales)

ACCOUNTANTS:

Astute Services Ltd

44-46 Regent Street

Rugby

Warwickshire

CV21 2PS

FIXED ASSETS

Tangible assets

4

6,846

5,572

CURRENT ASSETS

Stocks

49,500

20,000

Debtors

5

199,642

227,821

Cash at bank and in hand

1,901

99,862

251,043

347,683

CREDITORS

Amounts falling due within one year

6

231,771

304,540

NET CURRENT ASSETS

19,272

43,143

TOTAL ASSETS LESS CURRENT LIABILITIES

26,118

48,715

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

26,018

48,615

SHAREHOLDERS' FUNDS

26,118

48,715

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 Board of Directors on 29 May 2018 and were signed on its behalf by:

C Throop - Director

1.	STATUTORY INFORMATION

UK Pique Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

Stocks

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

moving items.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2016

67,138

Additions

3,247

At 31 August 2017

70,385

DEPRECIATION

At 1 September 2016

61,566

Charge for year

1,973

At 31 August 2017

63,539

NET BOOK VALUE

At 31 August 2017

6,846

At 31 August 2016

5,572

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/17

31/8/16

£

£

Trade debtors

188,120

227,821

Other debtors

11,522

-

199,642

227,821

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/17

31/8/16

£

£

Trade creditors

159,387

223,872

Taxation and social security

32,776

19,347

Other creditors

39,608

61,321

231,771

304,540

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/8/17

31/8/16

value:

£

£

100

Ordinary

£1

100

100

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £110,000 (2016 - £50,000) were paid to the directors .

Included in other debtors is an amount owed to the company of £11,522 (2016 : -22,478) by Mr C & Mrs L

Throop, who are directors and shareholders. The loan is interest free and repayable on demand.

9.	FIRST YEAR ADOPTION

The Company has transitioned to FRS 102 from previously being prepared under the historical cost convention

and in accordance with the Financial Reporting Standards for Smaller Entities (effective January 2015) as at 1st

September 2016.