Abbreviated Company Accounts - UNIQUE TRAILER DEVELOPMENTS LIMITED

UNIQUE TRAILER DEVELOPMENTS LIMITED - Company Information

Registered Number 04340906

UNIQUE TRAILER DEVELOPMENTS LIMITED

Abbreviated Accounts

31 December 2013

UNIQUE TRAILER DEVELOPMENTS LIMITED Registered Number 04340906

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	227,350	233,246
		227,350	233,246
Current assets
Debtors		169,565	96,358
Cash at bank and in hand		41,757	13,547
		211,322	109,905
Creditors: amounts falling due within one year		(244,997)	(179,327)
Net current assets (liabilities)		(33,675)	(69,422)
Total assets less current liabilities		193,675	163,824
Creditors: amounts falling due after more than one year		(34,063)	(53,125)
Provisions for liabilities		(38,129)	(36,135)
Total net assets (liabilities)		121,483	74,564
Capital and reserves
Called up share capital		100	100
Profit and loss account		121,383	74,464
Shareholders' funds		121,483	74,564

For the year ending 31 December 2013 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 February 2014

And signed on their behalf by:
A R Bonham, Director

UNIQUE TRAILER DEVELOPMENTS LIMITED Registered Number 04340906

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods and services falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its
expected useful life, as follows:
Plant and machinery - 10% and 20% Reducing balance
Fixtures, fittings
and equipment - 25% Reducing balance

Other accounting policies
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

Deferred taxation
The charge for taxation is based on the results for the year and takes into account taxation deferred
because of timing differences between the treatment of certain items for taxation and accounting
purposes. In accordance with Financial Reporting Standard 19, provision is made for deferred tax in
respect of all timing differences that have been originated but not reversed by the balance sheet date.
Deferred tax assets are recognised when it is more likely than not that the asset will be recovered.
Deferred tax is measured using rates that have been enacted by the balance sheet date. Deferred tax balances are not discounted.

2Tangible fixed assets

	£
Cost
At 1 January 2013	337,561
Additions	19,744
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	357,305
Depreciation
At 1 January 2013	104,315
Charge for the year	25,640
On disposals	-
At 31 December 2013	129,955
Net book values
At 31 December 2013	227,350
At 31 December 2012	233,246

Included above are assets held under finance leases or hire purchase contracts as follows:

Plant & machinery - Net Book value £55,768 (2012 £61,965) Depreciation charged £6,197 (2012 £ 6,885)