Company Registration No. 08644537 (England and Wales)
Unlockstaffpotential Ltd
Unaudited accounts
for the year ended 31 July 2018
Unlockstaffpotential Ltd
Unaudited accounts
Contents
Unlockstaffpotential Ltd
Company Information
for the year ended 31 July 2018
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 2018
Tangible assets
2,142
3,214
Cash at bank and in hand
39,260
18,645
Creditors: amounts falling due within one year
(14,669)
(14,038)
Net current assets
26,770
16,049
Total assets less current liabilities
28,912
19,263
Provisions for liabilities
Called up share capital
2
2
Profit and loss account
28,503
18,618
Shareholders' funds
28,505
18,620
For the year ending 31 July 2018 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 24 August 2018.
G Jones
Director
Company Registration No. 08644537
Unlockstaffpotential Ltd
Notes to the Accounts
for the year ended 31 July 2018
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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 2018
4
Tangible fixed assets
Motor vehicles
Trade debtors
2,179
11,442
6
Creditors: amounts falling due within one year
2018
2017
Taxes and social security
12,034
11,489
Loans from directors
1,918
1,509
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 (2017: 1).
