Uniform Communications Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03652521 (England and Wales)

Financial Statements for the Year Ended 31 May 2018

for

Uniform Communications Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N M Howe

N J Bentley

L D R Jones

T Sharp

S Ardern

M C Ford

SECRETARY:

N M Howe

REGISTERED OFFICE:

Third Floor, Link 19, 9-19 Bold Street

Liverpool

L1 4DN

REGISTERED NUMBER:

03652521 (England and Wales)

ACCOUNTANTS:

Cobham Murphy Limited

116 Duke Street

Liverpool

Merseyside

L1 5JW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,519,873

373,366

1,519,873

373,366

CURRENT ASSETS

Stocks

6

258,948

215,841

Debtors

7

783,610

798,776

Cash at bank and in hand

114,881

447,034

1,157,439

1,461,651

CREDITORS

Amounts falling due within one year

8

601,534

610,954

NET CURRENT ASSETS

555,905

850,697

TOTAL ASSETS LESS CURRENT LIABILITIES

2,075,778

1,224,063

CREDITORS

Amounts falling due after more than one year

9

(615,930

)

(73,818

)

PROVISIONS FOR LIABILITIES

(55,001

)

(52,513

)

NET ASSETS

1,404,847

1,097,732

CAPITAL AND RESERVES

Called up share capital

900

900

Revaluation reserve

12

97,010

-

Retained earnings

1,306,937

1,096,832

SHAREHOLDERS' FUNDS

1,404,847

1,097,732

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 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.

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 22 August 2018 and were signed on its behalf by:

N M Howe - Director

1.	STATUTORY INFORMATION

Uniform Communications 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Significant judgements and estimates

There are no judgements (apart from those involving estimates) that have had a significant effect on amounts

recognised in the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable on provision of branding,

design & digital services, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Improvements to property

-

25% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

at variable rates on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

Financial instruments

Other loans are initially measured at the present value of future payments, discounted at a market rate of interest,

and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are

measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective

evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit

and loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

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 rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 64 (2017 - 57 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2017

and 31 May 2018

5,106

AMORTISATION

At 1 June 2017

and 31 May 2018

5,106

NET BOOK VALUE

At 31 May 2018

-

At 31 May 2017

-

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

Short

to

property

leasehold

property

£

£

£

COST OR VALUATION

At 1 June 2017

-

96,449

140,607

Additions

963,125

-

59,074

Revaluations

136,875

18,551

-

At 31 May 2018

1,100,000

115,000

199,681

DEPRECIATION

At 1 June 2017

-

-

95,661

Charge for year

-

-

26,005

At 31 May 2018

-

-

121,666

NET BOOK VALUE

At 31 May 2018

1,100,000

115,000

78,015

At 31 May 2017

-

96,449

44,946

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST OR VALUATION

At 1 June 2017

41,290

121,312

629,066

1,028,724

Additions

2,719

18,395

56,799

1,100,112

Revaluations

-

-

-

155,426

At 31 May 2018

44,009

139,707

685,865

2,284,262

DEPRECIATION

At 1 June 2017

22,875

80,542

456,280

655,358

Charge for year

5,283

8,875

68,868

109,031

At 31 May 2018

28,158

89,417

525,148

764,389

NET BOOK VALUE

At 31 May 2018

15,851

50,290

160,717

1,519,873

At 31 May 2017

18,415

40,770

172,786

373,366

Cost or valuation at 31 May 2018 is represented by:

Improvements

Freehold

Short

to

property

leasehold

property

£

£

£

Valuation in 2018

136,875

18,551

-

Cost

963,125

96,449

199,681

1,100,000

115,000

199,681

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

Valuation in 2018

-

-

-

155,426

Cost

44,009

139,707

685,865

2,128,836

44,009

139,707

685,865

2,284,262

6.

STOCKS

31.5.18

31.5.17

£

£

Work-in-progress

258,948

215,841

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.18

31.5.17

£

£

Trade debtors

668,159

735,988

Other debtors

115,451

62,788

783,610

798,776

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.18

31.5.17

£

£

Bank loans and overdrafts

86,936

66,040

Trade creditors

196,876

65,087

Social security and other taxes

46,754

51,066

VAT

199,260

251,626

Other creditors

16,429

36,447

Directors' current accounts

35,729

35,790

Accruals and deferred income

19,550

104,898

601,534

610,954

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.18

31.5.17

£

£

Bank loans

36,584

49,268

Bank loans - 2-5 years

579,346

24,550

615,930

73,818

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.5.18

31.5.17

£

£

Within one year

13,978

-

Between one and five years

5,225

-

19,203

-

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.18

31.5.17

£

£

Bank overdraft

20,144

-

Bank loans

682,722

139,858

702,866

139,858

12.

RESERVES

Revaluation

reserve

£

No description

97,010

At 31 May 2018

97,010

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors operate a current account to which transactions of a private nature are posted. As at the year end

the following balances were included in other creditors,

2018

2017

£

£

N M Howe

(5,221

)

(5,093

)

N J Bentley

(4,801

)

(6,846

)

L D R Jones

(7,608

)

(6,308

)

T Sharp

(5,132

)

(7,756

)

S Ardern

(8,058

)

(7,756

)

M C Ford

(4,910

)

(2,032

)

14.	RELATED PARTY DISCLOSURES

15.	ULTIMATE CONTROLLING PARTY