Abbreviated Company Accounts - UNIWAX LIMITED

02298736 UNIWAX LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 02298736 2013-04-01 2014-03-31 02298736 2014-03-31 02298736 2013-03-31 02298736 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 02298736 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 02298736

UNIWAX LIMITED

Abbreviated Accounts

31 March 2014

UNIWAX LIMITED Registered Number 02298736

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	3,273,772	3,306,907
		3,273,772	3,306,907
Current assets
Stocks		978,504	1,092,546
Debtors		1,153,988	696,323
Cash at bank and in hand		420,925	219,007
		2,553,417	2,007,876
Creditors: amounts falling due within one year		(1,975,356)	(1,822,369)
Net current assets (liabilities)		578,061	185,507
Total assets less current liabilities		3,851,833	3,492,414
Creditors: amounts falling due after more than one year		(1,618,959)	(1,781,026)
Provisions for liabilities		(15,083)	(15,083)
Total net assets (liabilities)		2,217,791	1,696,305
Capital and reserves
Called up share capital	3	10,000	10,000
Profit and loss account		2,207,791	1,686,305
Shareholders' funds		2,217,791	1,696,305

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 directors acknowledge their 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 Board on 15 December 2014

And signed on their behalf by:
C S Agarwal, Director

UNIWAX LIMITED Registered Number 02298736

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 25% reducing balance
Furniture & fixures 25% reducing balance
Motor vehicles 25% reducing balance

Valuation information and policy
Stocks
Stock is valued at the lower of cost and net realisable value.

Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

Leasing and hire purchase commitments
"Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term."

2Tangible fixed assets

	£
Cost
At 1 April 2013	3,644,433
Additions	174
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	3,644,607
Depreciation
At 1 April 2013	337,526
Charge for the year	33,309
On disposals	-
At 31 March 2014	370,835
Net book values
At 31 March 2014	3,273,772
At 31 March 2013	3,306,907

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
10,000 Ordinary shares of £1 each	10,000	10,000