Unique Trailer Developments Limited - Period Ending 2016-12-31

Registration number: 04340906

Unique Trailer Developments Limited

trading as Unique Trailer Developments

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2016

Unique Trailer Developments Limited
trading as Unique Trailer Developments

Contents

 

Balance Sheet	1 to 2
Notes to the Financial Statements	3 to 6

Unique Trailer Developments Limited
trading as Unique Trailer Developments

Registration number: 04340906

Balance Sheet as at 31 December 2016

	Note	2016 £	2015 £
Fixed assets
Tangible assets	4	244,085	279,109
Current assets
Debtors	5	129,626	138,653
Cash at bank and in hand		8,684	17,778
		138,310	156,431
Creditors: Amounts falling due within one year	6	(142,402)	(128,373)
Net current (liabilities)/assets		(4,092)	28,058
Total assets less current liabilities		239,993	307,167
Provisions for liabilities		(44,769)	(50,886)
Net assets		195,224	256,281
Capital and reserves
Called up share capital		100	100
Profit and loss account		195,124	256,181
Total equity		195,224	256,281

The director's statements required by sections 475 (2) and (3) are shown on the following page which forms part of this Balance Sheet.

The notes on pages 3 to 6 form an integral part of these financial statements.

Page 1

Unique Trailer Developments Limited
trading as Unique Trailer Developments

Registration number: 04340906

Balance Sheet as at 31 December 2016 (continued)

For the financial year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 3 March 2017
 

AR Bonham

Company secretary and director

The notes on pages 3 to 6 form an integral part of these financial statements.

Page 2

Unique Trailer Developments Limited
trading as Unique Trailer Developments

Notes to the Financial Statements for the Year Ended 31 December 2016

1	General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
1 Town Green
Wymondham
Norfolk
NR18 0PN

The principal place of business is:
7 Exeter Road
Claydon
Suffolk
IP6 0BS

These financial statements were authorised for issue by the director on 3 March 2017.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Page 3

Unique Trailer Developments Limited
trading as Unique Trailer Developments

Notes to the Financial Statements for the Year Ended 31 December 2016 (continued)

2	Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	10% and 205 Reducing balance
Fixtures, fittings and equipment	25% Reducing balance

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2015 - 2).

Page 4

Unique Trailer Developments Limited
trading as Unique Trailer Developments

Notes to the Financial Statements for the Year Ended 31 December 2016 (continued)

4	Tangible assets

	Furniture, fittings and equipment  £	Other property, plant and equipment  £	Total £
Cost or valuation
At 1 January 2016	5,633	463,296	468,929
Disposals	-	(34,000)	(34,000)
At 31 December 2016	5,633	429,296	434,929
Depreciation
At 1 January 2016	3,207	186,613	189,820
Charge for the year	606	26,918	27,524
Eliminated on disposal	-	(26,500)	(26,500)
At 31 December 2016	3,813	187,031	190,844
Carrying amount
At 31 December 2016	1,820	242,265	244,085
At 31 December 2015	2,426	276,683	279,109

5

Debtors

	2016 £	2015 £
Trade debtors	122,215	138,653
Other debtors	7,411	-
Total current trade and other debtors	129,626	138,653

Page 5

Unique Trailer Developments Limited
trading as Unique Trailer Developments

Notes to the Financial Statements for the Year Ended 31 December 2016 (continued)

6

Creditors

	Note	2016 £	2015 £
Due within one year
Unsecured loan		13,833	9,625
Trade creditors		49,632	101,729
Taxation and social security		4,326	5,736
Other creditors		50	11,283
Invoice finance facility		74,561	-
		142,402	128,373

The invoice finance facility is secured by a fixed and floating charge over the company's assets.

Page 6