U & U Ltd - Limited company - abbreviated - 11.6

U & U Ltd - Limited company - abbreviated - 11.6

U & U LTD - Company Information

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REGISTERED NUMBER: 03746845 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2014

FOR

U & U LTD

U & U LTD (REGISTERED NUMBER: 03746845)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2014










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

U & U LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2014







DIRECTORS: Umesh Patel
Upendra Patel





SECRETARY: Upendra Patel





REGISTERED OFFICE: 3 Coombe Road
London
NW10 0EB





REGISTERED NUMBER: 03746845 (England and Wales)





ACCOUNTANTS: Chapmans
Chartered Accountants
3 Coombe Road
London
NW10 0EB
Page 1
U & U LTD (REGISTERED NUMBER: 03746845)

ABBREVIATED BALANCE SHEET
30 APRIL 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 3,665 6,332
Tangible assets 3 5,655 5,391
Investment property 4 167,186 167,186
176,506 178,909

CURRENT ASSETS
Stocks 42,610 41,220
Debtors 515,674 416,510
Cash at bank and in hand 451,053 302,659
1,009,337 760,389
CREDITORS
Amounts falling due within one year 183,421 101,417
NET CURRENT ASSETS 825,916 658,972
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,002,422
837,881

CAPITAL AND RESERVES
Called up share capital 5 1,000 1,000
Profit and loss account 1,001,422 836,881
SHAREHOLDERS' FUNDS 1,002,422 837,881

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 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 notes form part of these abbreviated accounts

Page 2 continued...
U & U LTD (REGISTERED NUMBER: 03746845)

ABBREVIATED BALANCE SHEET - continued
30 APRIL 2014


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 10 December 2014 and were signed on its behalf
by:





Umesh Patel - Director


The notes form part of these abbreviated accounts

Page 3
U & U LTD (REGISTERED NUMBER: 03746845)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2014


1. ACCOUNTING POLICIES

Accounting convention
The financial statements 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 net invoiced sales of goods, excluding value added tax.

Goodwill
Acquired goodwill is written off in equal instalments over its estimated useful economic life of 15 years.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
market value is transferred to a revaluation reserve.

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

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 May 2013
and 30 April 2014 40,000
AMORTISATION
At 1 May 2013 33,668
Amortisation for year 2,667
At 30 April 2014 36,335
NET BOOK VALUE

At 30 April 2014 3,665
At 30 April 2013 6,332

Page 4 continued...
U & U LTD (REGISTERED NUMBER: 03746845)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 APRIL 2014


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 May 2013 48,958
Additions 2,150
At 30 April 2014 51,108
DEPRECIATION
At 1 May 2013 43,567
Charge for year 1,886
At 30 April 2014 45,453
NET BOOK VALUE
At 30 April 2014 5,655
At 30 April 2013 5,391

4. INVESTMENT PROPERTY
Total
£   
COST
At 1 May 2013
and 30 April 2014 167,186
NET BOOK VALUE
At 30 April 2014 167,186
At 30 April 2013 167,186

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
1,000 Ordinary £1 1,000 1,000

6. RELATED PARTY DISCLOSURES

Included in other debtors is £352,675 (2013:£266,188) due from a company related by common directorship and
ownership.

During the year the company paid rent of £18,000 (2013: £18,000) to the directors.

Page 5