Uniwheel Ltd
Registered number: 09657577
Abbreviated accounts
For the Period 25 June 2015 to 30 September 2016
Taylorcocks (S.E) Ltd
3 Acorn Business Centre
Northarbour Road
Portsmouth
Hampshire
PO6 3TH
Uniwheel Ltd
Accountants' Report
For the Period 25 June 2015 to 30 September 2016
Accountants' Report
Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of Uniwheel Ltd For the Period 25 June 2015 to 30 September 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Uniwheel Ltd For the Period 25 June 2015 to 30 September 2016 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the directors of Uniwheel Ltd , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Uniwheel Ltd and state those matters that we have agreed to state to the directors of Uniwheel Ltd , as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Uniwheel Ltd and its directors, as a body, for our work or for this report.
It is your duty to ensure that Uniwheel 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 or loss of Uniwheel Ltd . You consider that Uniwheel Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit of the accounts of Uniwheel 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 financial statements.
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30 June 2017
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Taylorcocks (S.E) Ltd
3 Acorn Business Centre
Northarbour Road
Portsmouth
Hampshire
PO6 3TH
Uniwheel Ltd
Company No. 09657577
Abbreviated Balance Sheet
30 September 2016
Abbreviated Balance Sheet
| Period to 30 September 2016 | |||
|---|---|---|---|
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Intangible Assets | 2 |
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| Tangible Assets | 3 |
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| 98,345 | |||
| CURRENT ASSETS | |||
| Stocks |
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| Debtors |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
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| NET ASSETS |
( |
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| CAPITAL AND RESERVES | |||
| Called up share capital | 4 |
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| Profit and Loss Account |
( |
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| SHAREHOLDERS' FUNDS |
( |
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Uniwheel Ltd
Company No. 09657577
Abbreviated Balance Sheet (continued)
30 September 2016
Directors' responsibilities:
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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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).
On behalf of the board
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Page 2
Uniwheel Ltd
Notes to the Abbreviated Accounts
For the Period 25 June 2015 to 30 September 2016
Notes to the Abbreviated Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
1.4.
Intangible fixed assets and amortisation - Intellectual Property
Intellectual property assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
1.5.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
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| Fixtures & Fittings |
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| Computer Equipment |
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1.6.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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Uniwheel Ltd
Notes to the Abbreviated Accounts (continued)
For the Period 25 June 2015 to 30 September 2016
2.
Intangible Assets
| Total | ||
|---|---|---|
| Cost | £ | |
| As at |
- | |
| Additions | 21,502 | |
| As at |
21,502 | |
| Net Book Value | ||
| As at |
21,502 | |
| As at |
- | |
3.
Tangible Assets
| Total | |
|---|---|
| Cost | £ |
| As at |
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| Additions |
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| As at |
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| Depreciation | |
| As at |
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| Provided during the period |
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| As at |
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| Net Book Value | |
| As at |
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| As at |
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Page 4
Uniwheel Ltd
Notes to the Abbreviated Accounts (continued)
For the Period 25 June 2015 to 30 September 2016
5.
Ultimate Controlling Party
The company's ultimate controlling party is T Artemev by virtue of his ownership of 100% of the issued share capital in the company.
Page 5