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Registered number: 08269610
IC UNISON LTD
Unaudited Financial Statements
For The Year Ended 31 October 2023
Anderson Ross Accounting & Tax Ltd
G-05 Davenport House
16 Pepper Street
London
E14 9RP
Unaudited Financial Statements
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountants' Report
Report to the director on the preparation of the unaudited statutory accounts of IC UNISON LTD for the year ended 31 October 2023
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of IC UNISON LTD which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of IC UNISON LTD , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of IC UNISON LTD and state those matters that we have agreed to state to the director of IC UNISON LTD , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than IC UNISON LTD and its director as a body for our work or for this report.
It is your duty to ensure that IC UNISON LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of IC UNISON LTD . You consider that IC UNISON LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of IC UNISON LTD . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
Anderson Ross Accounting and Tax
26 July 2024
Anderson Ross Accounting & Tax Ltd
G-05 Davenport House
16 Pepper Street
London
E14 9RP
Page 1
Page 2
Balance Sheet
Registered number: 08269610
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,763 2,351
Investments 5 130,009 127,009
131,772 129,360
CURRENT ASSETS
Stocks 6 2,423 -
Debtors 7 66,880 85,350
Cash at bank and in hand 121,266 173,228
190,569 258,578
Creditors: Amounts Falling Due Within One Year 8 (4,592 ) (47,325 )
NET CURRENT ASSETS (LIABILITIES) 185,977 211,253
TOTAL ASSETS LESS CURRENT LIABILITIES 317,749 340,613
NET ASSETS 317,749 340,613
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account 316,749 339,613
SHAREHOLDERS' FUNDS 317,749 340,613
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Page 3
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Islam Rzayev
Director
26 July 2024
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
IC UNISON LTD is a private company, limited by shares, incorporated in England & Wales, registered number 08269610 . The registered office is G-05 Davenport House, 16 Pepper Street, London, , E14 9RP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 1 1
1 1
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 November 2022 4,500 6,397 10,897
As at 31 October 2023 4,500 6,397 10,897
Depreciation
As at 1 November 2022 4,500 4,046 8,546
Provided during the period - 588 588
As at 31 October 2023 4,500 4,634 9,134
Net Book Value
As at 31 October 2023 - 1,763 1,763
As at 1 November 2022 - 2,351 2,351
5. Investments
Listed
£
Cost
As at 1 November 2022 127,009
Additions 3,000
As at 31 October 2023 130,009
Provision
As at 1 November 2022 -
As at 31 October 2023 -
Net Book Value
As at 31 October 2023 130,009
As at 1 November 2022 127,009
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6. Stocks
2023 2022
£ £
Finished goods 2,423 -
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 49,173 78,595
Prepayments and accrued income 17,630 -
VAT 77 6,755
66,880 85,350
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 42,247
Corporation tax 2,914 1,253
Accruals and deferred income 1,600 800
Director's loan account 78 3,025
4,592 47,325
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
10. Dividends
2023 2022
£ £
On equity shares:
Final dividend paid 32,100 44,300
32,100 44,300
11. Related Party Transactions
Included in the creditors falling due within one year is an amount of £78 (2022: £3,025) payable to the director. The loan is interest free.
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