Uni-Thread Limited - Accounts to registrar (filleted) - small 18.2
Uni-Thread Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 November 2017 |
| for |
| Uni-Thread Limited |
| Uni-Thread Limited (Registered number: 04709600) |
| Contents of the Financial Statements |
| for the Year Ended 30 November 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Uni-Thread Limited |
| Company Information |
| for the Year Ended 30 November 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| BUSINESS ADDRESS: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| First Floor Cef Building |
| Broomhill Way |
| Torquay |
| Devon |
| TQ2 7QN |
| Uni-Thread Limited (Registered number: 04709600) |
| Balance Sheet |
| 30 November 2017 |
| 30.11.17 | 30.11.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Uni-Thread Limited (Registered number: 04709600) |
| Balance Sheet - continued |
| 30 November 2017 |
| 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 |
| Uni-Thread Limited (Registered number: 04709600) |
| Notes to the Financial Statements |
| for the Year Ended 30 November 2017 |
| 1. | STATUTORY INFORMATION |
| Uni-Thread Limited is a |
| number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Critical accounting judgements and key sources of estimation uncertainty |
| In applying the company's accounting policies, the directors are required to make judgements, estimates and |
| assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The |
| estimates and associated assumptions are based on historical experience and other factors that are considered to be |
| relevant. Actual results may differ from these estimates. |
| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are |
| recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the |
| revision and future periods if the revision affects both current and future periods. |
| 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 |
| Plant and machinery etc | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
| items. |
| Uni-Thread Limited (Registered number: 04709600) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Financial instruments |
| Financial instruments are recognised in the company's balance sheet when the company becomes party to the |
| contractual provisions of the instrument. |
| Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally |
| enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the |
| asset and settle the liability simultaneously. |
| Basic financial assets |
| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price |
| including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the |
| arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future |
| receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not |
| amortised. |
| Other financial assets |
| Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint |
| ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently |
| carried at fair value and the changes in fair value are recognised in profit and loss, except that investments in equity |
| instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less |
| impairment. |
| Impairment of financial assets |
| Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at |
| each reporting end date. |
| Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after |
| the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, |
| the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows |
| discounted at the asset's original effective interest rate. The impairment loss is recognised in profit and loss. |
| If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the |
| impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount |
| would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit |
| and loss. |
| Derecognition of financial assets |
| Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, |
| or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another |
| entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to |
| another party that is able to sell the asset in its entirety to an unrelated third party. |
| Classification of financial liabilities |
| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements |
| entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after |
| deducting all of its liabilities. |
| Uni-Thread Limited (Registered number: 04709600) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that |
| are classed as debt, are initially recognised at transaction price unless the arrangement constitutes a financing |
| transaction, where the debt instrument is measured at the present value of the future payments discounted at a market |
| rate of interest. Financial liabilities classified as payable within one year are not amortised. |
| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. |
| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business |
| from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they |
| are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently |
| measured at amortised cost using the effective interest method. |
| Derecognition of financial liabilities |
| Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled. |
| 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Uni-Thread Limited (Registered number: 04709600) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2017 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 December 2016 |
| Additions |
| At 30 November 2017 |
| DEPRECIATION |
| At 1 December 2016 |
| Charge for year |
| At 30 November 2017 |
| NET BOOK VALUE |
| At 30 November 2017 |
| At 30 November 2016 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.11.17 | 30.11.16 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.11.17 | 30.11.16 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.11.17 | 30.11.16 |
| £ | £ |
| Other creditors |