Uniglore Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 01999541 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

UNIGLORE LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Iqbal Dhadwal

Veena Dhadwal

SECRETARY:

Veena Dhadwal

REGISTERED OFFICE:

2nd Floor

109 Uxbridge Road

London

W5 5TL

REGISTERED NUMBER:

01999541 (England and Wales)

ACCOUNTANTS:

Johnsons, Chartered Accountants

2nd Floor

109 Uxbridge Road

Ealing

London

W5 5TL

BANKERS:

National Westminster Bank Plc

69 The Broadway

Southall

Middlesex

UB1 1LD

FIXED ASSETS

Intangible assets

4

1

1

Tangible assets

5

2,248

944

2,249

945

CURRENT ASSETS

Stocks

25,894

27,243

Debtors

105,567

105,943

Cash at bank and in hand

216

1,068

131,677

134,254

CREDITORS

Amounts falling due within one year

106,453

101,658

NET CURRENT ASSETS

25,224

32,596

TOTAL ASSETS LESS CURRENT LIABILITIES

27,473

33,541

CREDITORS

Amounts falling due after more than one year

6

27,371

33,440

NET ASSETS

102

101

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2

1

SHAREHOLDERS' FUNDS

102

101

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 28 December 2017 and were signed on its behalf by:

Iqbal Dhadwal - Director

1.	STATUTORY INFORMATION

Uniglore Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents sales of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1986.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful

life.

Improvement to property -10% on cost (from 01.04.2006)

Fixtures and fittings -25% on reducing balance

Motor vehicles -25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

and 31 March 2017

36,000

AMORTISATION

At 1 April 2016

and 31 March 2017

35,999

NET BOOK VALUE

At 31 March 2017

1

At 31 March 2016

1

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

93,279

Additions

2,056

At 31 March 2017

95,335

DEPRECIATION

At 1 April 2016

92,335

Charge for year

752

At 31 March 2017

93,087

NET BOOK VALUE

At 31 March 2017

2,248

At 31 March 2016

944

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2017

2016

£

£

Repayable by instalments

Bank loans more 5 yr by instal

-

5,043

7.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank overdraft

33,340

14,286

Bank loan

34,470

40,539

67,810

54,825

The bank overdraft and loan are both secured by a debenture dated 28 September 2005 in favour of National

Westminster Bank plc and a guarantee provided by the directors Iqbal Dhadwal and Veena Dhadwal.

The bank loan is repayable in monthly instalments.

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £41,302 (2016 - £56,840) were paid to the directors .

The company paid rent to Iqbal Dhadwal amounting to £18,000 (2016: £18,000).

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Iqbal Dhadwal.