IRIS Accounts Production v23.4.0.336 08166228 director 30.8.22 29.8.23 29.8.23 false true false false true false A Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh081662282022-08-29081662282023-08-29081662282022-08-302023-08-29081662282021-08-31081662282021-09-012022-08-29081662282022-08-2908166228ns15:EnglandWales2022-08-302023-08-2908166228ns14:PoundSterling2022-08-302023-08-2908166228ns10:Director12022-08-302023-08-2908166228ns10:PrivateLimitedCompanyLtd2022-08-302023-08-2908166228ns10:SmallEntities2022-08-302023-08-2908166228ns10:AuditExempt-NoAccountantsReport2022-08-302023-08-2908166228ns10:SmallCompaniesRegimeForDirectorsReport2022-08-302023-08-2908166228ns10:SmallCompaniesRegimeForAccounts2022-08-302023-08-2908166228ns10:FullAccounts2022-08-302023-08-2908166228ns10:OrdinaryShareClass22022-08-302023-08-2908166228ns10:RegisteredOffice2022-08-302023-08-2908166228ns5:CurrentFinancialInstruments2023-08-2908166228ns5:CurrentFinancialInstruments2022-08-2908166228ns5:Non-currentFinancialInstruments2023-08-2908166228ns5:Non-currentFinancialInstruments2022-08-2908166228ns5:ShareCapital2023-08-2908166228ns5:ShareCapital2022-08-2908166228ns5:RetainedEarningsAccumulatedLosses2023-08-2908166228ns5:RetainedEarningsAccumulatedLosses2022-08-2908166228ns5:ComputerEquipment2022-08-302023-08-2908166228ns5:ComputerEquipment2022-08-2908166228ns5:ComputerEquipment2023-08-2908166228ns5:ComputerEquipment2022-08-2908166228ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-2908166228ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-2908166228ns10:OrdinaryShareClass22023-08-29081662281ns10:Director12022-08-29081662281ns10:Director12021-08-31081662281ns10:Director12022-08-302023-08-29081662281ns10:Director12021-09-012022-08-29081662281ns10:Director12023-08-29081662281ns10:Director12022-08-29
REGISTERED NUMBER: 08166228 (England and Wales)















Financial Statements

for the Year Ended 29 August 2023

for

UNIQUE AV SOLUTIONS LIMITED

UNIQUE AV SOLUTIONS LIMITED (REGISTERED NUMBER: 08166228)

Contents of the Financial Statements
for the year ended 29 August 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UNIQUE AV SOLUTIONS LIMITED

Company Information
for the year ended 29 August 2023







Director: Mr C Chaggar





Registered office: 3rd Floor
Marlborough House
298 Regents Park Road
Finchley
London
N3 2SZ





Registered number: 08166228 (England and Wales)





Accountants: Haines Watts North London LLP
3rd Floor
Marlborough House
298 Regents Park Road
Finchley
London
N3 2SZ

UNIQUE AV SOLUTIONS LIMITED (REGISTERED NUMBER: 08166228)

Balance Sheet
29 August 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 - 150

Current assets
Debtors 5 94,775 53,479
Cash at bank 505 10,579
95,280 64,058
Creditors
Amounts falling due within one year 6 76,434 43,450
Net current assets 18,846 20,608
Total assets less current liabilities 18,846 20,758

Creditors
Amounts falling due after more than one year 7 18,000 20,500
Net assets 846 258

Capital and reserves
Called up share capital 8 10 10
Retained earnings 836 248
Shareholders' funds 846 258

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

UNIQUE AV SOLUTIONS LIMITED (REGISTERED NUMBER: 08166228)

Balance Sheet - continued
29 August 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 April 2024 and were signed by:





Mr C Chaggar - Director


UNIQUE AV SOLUTIONS LIMITED (REGISTERED NUMBER: 08166228)

Notes to the Financial Statements
for the year ended 29 August 2023


1. Statutory information

Unique AV Solutions Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A review of the deferred tax provision is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is accurate as possible, there remains a risk that the provisions do not match the actual tax liability or asset. .

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

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.
Computer equipment - 33% on cost

UNIQUE AV SOLUTIONS LIMITED (REGISTERED NUMBER: 08166228)

Notes to the Financial Statements - continued
for the year ended 29 August 2023


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective
interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and compromise cash in hand and at bank which are an integral part of the company's cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the
substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. As equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

UNIQUE AV SOLUTIONS LIMITED (REGISTERED NUMBER: 08166228)

Notes to the Financial Statements - continued
for the year ended 29 August 2023


4. Tangible fixed assets
Computer
equipment
£
Cost
At 30 August 2022
and 29 August 2023 1,494
Depreciation
At 30 August 2022 1,344
Charge for year 150
At 29 August 2023 1,494
Net book value
At 29 August 2023 -
At 29 August 2022 150

5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 15,482 8,766
Other debtors 79,293 44,713
94,775 53,479

6. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 5,000 5,000
Taxation and social security 69,862 37,249
Other creditors 1,572 1,201
76,434 43,450

7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans 18,000 20,500

UNIQUE AV SOLUTIONS LIMITED (REGISTERED NUMBER: 08166228)

Notes to the Financial Statements - continued
for the year ended 29 August 2023


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
10 A Ordinary £1 10 10

9. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the year ended 29 August 2023 and the period ended 29 August 2022:

2023 2022
£ £
Mr C Chaggar
Balance outstanding at start of year 42,844 52,719
Amounts advanced 72,265 33,015
Amounts repaid (46,411 ) (42,890 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 68,698 42,844