Company Registration No. 01310256 (England and Wales)
Unipools Limited
Unaudited accounts
for the year ended 31 December 2016
Unipools Limited
Unaudited accounts
Contents
Unipools Limited
Company Information
for the year ended 31 December 2016
Directors
Mr S Mindel
Mr N Mindel
Company Number
01310256 (England and Wales)
Registered Office
621 WATFORD WAY
MILL HILL
LONDON
NW7 3JN
Accountants
Platts
Churchill House Suite 301
120 Bunns Lane
Mill Hill
London
NW7 2AS
Unipools Limited
Statement of financial position
as at 31 December 2016
Tangible assets
9,177
7,895
Cash at bank and in hand
31,742
39,428
Creditors: amounts falling due within one year
(56,313)
(60,743)
Net current assets
80,402
57,449
Called up share capital
100
100
Profit and loss account
89,580
65,345
Shareholders' funds
89,680
65,445
For the 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. 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 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.
Approved by the Board on 27 September 2017.
Mr S Mindel
Director
Company Registration No. 01310256
Unipools Limited
Notes to the Accounts
for the year ended 31 December 2016
Unipools Limited is a private company, limited by shares, registered in England and Wales, registration number 01310256. The registered office and principal place of business 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.
These financial statements for the year ended
31 December 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in note
12 below.
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 2016
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2016
68,506
6,770
75,276
Disposals
-
(3,350)
(3,350)
At 31 December 2016
68,506
8,420
76,926
At 1 January 2016
62,483
4,898
67,381
Charge for the year
1,205
1,453
2,658
On disposals
-
(2,290)
(2,290)
At 31 December 2016
63,688
4,061
67,749
At 31 December 2016
4,818
4,359
9,177
At 31 December 2015
6,023
1,872
7,895
5
Investments
Subsidiary undertakings
Valuation at 1 January 2016
101
Valuation at 31 December 2016
101
Finished goods
45,774
47,837
Trade debtors
46,089
18,661
Accrued income and prepayments
10,382
9,538
8
Creditors: amounts falling due within one year
2016
2015
Trade creditors
39,759
24,353
Taxes and social security
16,495
20,303
Loans from directors
59
789
Unipools Limited
Notes to the Accounts
for the year ended 31 December 2016
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Transactions with related parties
As detailed in the Directors' Report, the directors own the company's entire issued share capital.
As at the balance sheet date, the company was owed £2,728 (2015 - £2,728) by Unipools Executive Pension Scheme, of which both the directors are trustees, as detailed in Note 9.
During the year, rent and charges of £40,507 (2015 - £19,750) were paid to Unipools Executive Pension Scheme. The beneficiaries of this scheme are Mr S Mindel and Mr N Mindel, the directors.
During the year, S Mindel was paid dividends in the sum of £16,830 (2015 - £4,900) and N Mindel was paid dividends in the sum of £170 (2015 - £100).
11
Average number of employees
During the year the average number of employees was 6 (2015: 6).
12
Reconciliations on adoption of FRS 102
The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.
