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REGISTERED NUMBER: 04138718 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

UNICORN FRAMES LTD

UNICORN FRAMES LTD (REGISTERED NUMBER: 04138718)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UNICORN FRAMES LTD

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTOR: PD Cobley





SECRETARY: IB Cobley





REGISTERED OFFICE: Lydens Cottage
Lydens Lane
Hever
Edenbridge
Kent
TN8 7EP





REGISTERED NUMBER: 04138718 (England and Wales)





ACCOUNTANTS: WBD Accountants Limited
Marlbridge House
Enterprise Way
Edenbridge
Kent
TN8 6HF

UNICORN FRAMES LTD (REGISTERED NUMBER: 04138718)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 405 384

CURRENT ASSETS
Stocks 5,750 5,550
Debtors 5 72 258
Cash at bank 45,032 41,115
50,854 46,923
CREDITORS
Amounts falling due within one year 6 4,013 4,244
NET CURRENT ASSETS 46,841 42,679
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,246

43,063

PROVISIONS FOR LIABILITIES 81 73
NET ASSETS 47,165 42,990

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 7 47,164 42,989
SHAREHOLDERS' FUNDS 47,165 42,990

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

UNICORN FRAMES LTD (REGISTERED NUMBER: 04138718)

BALANCE SHEET - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 September 2024 and were signed by:





PD Cobley - Director


UNICORN FRAMES LTD (REGISTERED NUMBER: 04138718)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Unicorn Frames Ltd 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.

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.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

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.

3. EMPLOYEES AND DIRECTORS

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

UNICORN FRAMES LTD (REGISTERED NUMBER: 04138718)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 8,421 3,333 1,125 12,879
Additions 155 - - 155
At 31 December 2023 8,576 3,333 1,125 13,034
DEPRECIATION
At 1 January 2023 8,380 3,068 1,047 12,495
Charge for year 49 66 19 134
At 31 December 2023 8,429 3,134 1,066 12,629
NET BOOK VALUE
At 31 December 2023 147 199 59 405
At 31 December 2022 41 265 78 384

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 72 258

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 513 694
Taxation and social security 1,629 2,562
Other creditors 1,871 988
4,013 4,244

7. RESERVES
Retained
earnings
£   

At 1 January 2023 42,989
Profit for the year 4,175
At 31 December 2023 47,164