Ustore Sandhurst Ltd - Accounts

Ustore Sandhurst Ltd - Accounts

USTORE SANDHURST LTD - Company Information

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Registered Number: 06440679
England and Wales

 

 

 

USTORE SANDHURST LTD


Abridged Accounts
 


Period of accounts

Start date: 01 January 2020

End date: 31 December 2020

Ustore Sandhurst Ltd
Contents Page
For the year ended 31 December 2020
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Ustore Sandhurst Ltd for the year ended 31 December 2020.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ustore Sandhurst Ltd for the year ended 31 December 2020 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ustore Sandhurst Ltd , as a body, in accordance with the terms of our engagement letter dated 17 September 2021. Our work has been undertaken solely to prepare for your approval the accounts of Ustore Sandhurst Ltd and state those matters that we have agreed to state to the Board of Directors of Ustore Sandhurst Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ustore Sandhurst Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Ustore Sandhurst Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Ustore Sandhurst Ltd . You consider that Ustore Sandhurst Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Ustore Sandhurst Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts for the period ended 31 December 2020.


Cubed Consultancy Ltd
Unit 8
Thrales End Business Center
Thrales End Lane
AL5 3NS
17 September 2021
1
 
 		 Notes
 		 2020
£		   2019
£
Current assets      
Debtors 1,830    453 
Cash at bank and in hand 88,610    69,968 
90,440    70,421 
Creditors: amount falling due within one year (33,509)   (19,214)
Net current assets 56,931    51,207 
 
Total assets less current liabilities 56,931    51,207 
Net assets 56,931    51,207 
 

Capital and reserves 		     
Called up share capital 4    4 
Profit and loss account 56,927    51,203 
Shareholders funds 56,931    51,207 
 


For the year ended 31 December 2020 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 17 September 2021 and were signed on its behalf by:


--------------------------------
Jeremy Nokes
Director
2
General Information
Ustore Sandhurst Ltd is a private company, limited by shares, registered in England and Wales, registration number 06440679, registration address 3 Vulcan Way, Sandhurst, Hampshire, GU47 9DB

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Straight Line
Fixtures and Fittings 25% Straight Line
2.

Average number of employees

Average number of employees during the year was 2 (2019 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Total
  £   £   £
At 01 January 2020 5,420    14,326    19,746 
Additions -    -    - 
Disposals -    -    - 
At 31 December 2020 5,420    14,326    19,746 
Depreciation
At 01 January 2020 5,420    14,326    19,746 
Charge for year -    -    - 
On disposals -    -    - 
At 31 December 2020 5,420    14,326    19,746 
Net book values
Closing balance as at 31 December 2020 -    -    - 
Opening balance as at 01 January 2020 -    -    - 


4.

Share Capital

Allotted, called up and fully paid
2020
£		   2019
£
4 Class A shares of £1.00 each 4    4 
4    4 

3