| UPPERCUTZ LIMITED |
| Registered number: |
04569627 |
| Abbreviated Balance Sheet |
| as at 31 October 2013 |
|
| Notes |
|
|
2013 |
|
|
2012 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
2,567 |
|
|
3,179 |
|
| Current assets |
| Debtors |
|
|
3,125 |
|
|
3,125 |
| Cash at bank and in hand |
|
|
13,621 |
|
|
1,941 |
|
|
|
16,746 |
|
|
5,066 |
|
| Creditors: amounts falling due within one year |
|
|
(27,633) |
|
|
(17,016) |
|
| Net current liabilities |
|
|
|
(10,887) |
|
|
(11,950) |
|
| Net liabilities |
|
|
|
(8,320) |
|
|
(8,771) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
(8,420) |
|
|
(8,871) |
|
| Shareholders' funds |
|
|
|
(8,320) |
|
|
(8,771) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| 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. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| FAWEHINMI EDWARD |
| Director |
| Approved by the board on 30 July 2014 |
|
| UPPERCUTZ LIMITED |
| Notes to the Abbreviated Accounts |
| for the year ended 31 October 2013 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
|
|
Going concern |
|
The company meets its day to day working capital requirements through the support of the director.
On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the support from the director. |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
20% reducing balance |
|
0 |
|
|
0 |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 November 2012 |
14,727 |
|
At 31 October 2013 |
14,727 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 November 2012 |
11,548 |
|
Charge for the year |
612 |
|
At 31 October 2013 |
12,160 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2013 |
2,567 |
|
At 31 October 2012 |
3,179 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2013 |
|
2013 |
|
2012 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
- |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
