Registered number
06328630
Unik Sales Service Limited
Filleted Accounts
31 July 2024
Unik Sales Service Limited
Registered number: 06328630
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets - 217,604 -
Tangible assets 3 8,914 11,885
8,914 11,885
Current assets
Stocks 5,000 6,500
Debtors 4 3,775 8,629
Cash at bank and in hand 3,636 7,675
12,411 22,804
Creditors: amounts falling due within one year 5 (48,140) (48,474)
Net current liabilities (35,729) (25,670)
Total assets less current liabilities (26,815) (13,785)
Creditors: amounts falling due after more than one year 6 (4,820) (9,954)
Net liabilities (31,635) (23,739)
Capital and reserves
Called up share capital 100 100
Profit and loss account (31,735) (23,839)
Shareholders' funds (31,635) (23,739)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
B Sanganee
Director
Approved by the board on 10 September 2024
Unik Sales Service Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going Concern
After reviewing the company’s expectations and future trading conditions, the directors have a reasonable expectation that the company has adequate resources to continue in operational
existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Motor Vehicles over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Grants
Grants are recognised in the profit or loss, receivable in line with expenditure with which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2023 5,228 20,507 25,735
At 31 July 2024 5,228 20,507 25,735
Depreciation
At 1 August 2023 4,878 8,972 13,850
Charge for the year 88 2,883 2,971
At 31 July 2024 4,966 11,855 16,821
Net book value
At 31 July 2024 262 8,652 8,914
At 31 July 2023 350 11,535 11,885
4 Debtors 2024 2023
£ £
Trade debtors 3,422 5,544
Taxes and social security 353 2,710
Other debtors - 375
3,775 8,629
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 29,000 25,834
Trade creditors 1,109 10,462
Other creditors 18,031 12,178
48,140 48,474
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 4,820 9,954
7 Other information
Unik Sales Service Limited is a private company limited by shares and incorporated in England. Its registered office is:
6 Carlton Road
Romford
Essex
RM2 5AA
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