Company Registration No. 01310256 (England and Wales)
Unipools Limited
Unaudited accounts
for the year ended 31 December 2020
Unipools Limited
Unaudited accounts
Contents
Unipools Limited
Company Information
for the year ended 31 December 2020
Company Number
01310256 (England and Wales)
Registered Office
621 Watford Way
Mill Hill
London
NW7 3JN
Accountants
Platts
Churchill House, Suite 112
120 Bunns Lane
Mill Hill
London
NW7 2AS
Unipools Limited
Statement of financial position
as at 31 December 2020
Tangible assets
7,371
8,983
Cash at bank and in hand
78,159
-
Creditors: amounts falling due within one year
(55,050)
(63,128)
Net current assets
70,837
13,018
Total assets less current liabilities
78,309
22,102
Creditors: amounts falling due after more than one year
(50,000)
-
Called up share capital
100
100
Profit and loss account
28,209
22,002
Shareholders' funds
28,309
22,102
For the year ending 31 December 2020 the company was entitled to exemption from audit 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 February 2021 and were signed on its behalf by
Mr S Mindel
Director
Company Registration No. 01310256
Unipools Limited
Notes to the Accounts
for the year ended 31 December 2020
Unipools Limited is a private company, limited by shares, registered in England and Wales, registration number 01310256. The registered office is 621 Watford Way, Mill Hill , London, NW7 3JN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
Investments in shares are included at fair value.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The accounts are presented in £ sterling.
Unipools Limited
Notes to the Accounts
for the year ended 31 December 2020
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2020
73,382
9,500
82,882
At 31 December 2020
73,831
9,500
83,331
At 1 January 2020
67,879
6,020
73,899
Charge for the year
1,191
870
2,061
At 31 December 2020
69,070
6,890
75,960
At 31 December 2020
4,761
2,610
7,371
At 31 December 2019
5,503
3,480
8,983
5
Investments
Subsidiary undertakings
Valuation at 1 January 2020
101
Valuation at 31 December 2020
101
Finished goods
39,860
45,173
Trade debtors
7,399
29,326
Accrued income and prepayments
469
1,647
8
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
-
2,271
Trade creditors
14,448
17,635
Taxes and social security
20,494
16,331
Loans from directors
-
16,017
Deferred income
20,108
10,874
Unipools Limited
Notes to the Accounts
for the year ended 31 December 2020
9
Creditors: amounts falling due after more than one year
2020
2019
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
11
Transactions with related parties
As detailed in the Director's Report, the director owns the company's entire issued share capital.
During the year, rent and charges of £25,000 (2019 - £25,000) were paid to Unipools Executive Pension Scheme. The beneficiary of this scheme is Mr S Mindel, the director.
12
Post balance sheet events
On 23 March 2020, as a result of the COVID 19 pandemic, most UK businesses closed causing disruption to the company's swimming pool operations. As a result of the COVID 19 pandemic, revenue from swimming pool operations, is expected to decrease.
13
Average number of employees
During the year the average number of employees was 6 (2019: 4).
