Unique Apparel Limited - Accounts to registrar (filleted) - small 18.2
Unique Apparel Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JANUARY 2018 TO 30 JUNE 2019 |
FOR |
UNIQUE APPAREL LIMITED |
UNIQUE APPAREL LIMITED (REGISTERED NUMBER: 01569064) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JANUARY 2018 TO 30 JUNE 2019 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
UNIQUE APPAREL LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 1 JANUARY 2018 TO 30 JUNE 2019 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
The Old Casino |
28 Fourth Avenue |
Hove |
East Sussex |
BN3 2PJ |
UNIQUE APPAREL LIMITED (REGISTERED NUMBER: 01569064) |
BALANCE SHEET |
30 JUNE 2019 |
2019 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
CURRENT ASSETS |
Stocks | 4 |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on behalf by: |
UNIQUE APPAREL LIMITED (REGISTERED NUMBER: 01569064) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JANUARY 2018 TO 30 JUNE 2019 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods |
are physically delivered to the customer. |
Tangible fixed assets |
Short leasehold | - |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's |
pension scheme are charged to profit or loss in the period to which they relate. |
2. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
3. | TANGIBLE FIXED ASSETS |
Fixtures |
Short | Plant and | and | Motor |
leasehold | machinery | fittings | vehicles | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 January 2018 |
Additions |
Disposals | ( |
) | ( |
) | ( |
) | ( |
) |
At 30 June 2019 |
DEPRECIATION |
At 1 January 2018 |
Eliminated on disposal | ( |
) | ( |
) | ( |
) | ( |
) |
At 30 June 2019 |
NET BOOK VALUE |
At 30 June 2019 |
At 31 December 2017 |
UNIQUE APPAREL LIMITED (REGISTERED NUMBER: 01569064) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JANUARY 2018 TO 30 JUNE 2019 |
4. | STOCKS |
2019 | 2017 |
£ | £ |
Stocks |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2017 |
£ | £ |
Trade debtors |
Other debtors |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2017 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Tax |
VAT | 2,796 | 3,992 |
Other creditors |
Credit card | 1,465 | 140 |
Directors' loan accounts | 42,278 | 38,713 |
Accrued expenses |
7. | SECURED DEBTS |
The following secured debts are included within creditors: |
2019 | 2017 |
£ | £ |
Amounts due to factoring agent | 3,443 | 2,553 |
Debt represents factoring advances secured over the debtors of the company. |
8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
During the period, P Small increased his loan to the company. As at 30 June 2019, the company owed him |
£19,188 (2017: £14,623). Also during the period, J Johnston decreased his loan to the company. As at 30 |
June 2019, the company owed him £23,090 (2017: £24,090). |
These balances represent the maximum amount outstanding during the year and the loans are interest free |
and repayable on demand. |
9. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |
This was by virtue of their 100% holding of the issued share capital. |