REGISTERED NUMBER: 03652521 (England and Wales)

Financial Statements for the Year Ended 31 May 2019

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

1,378,812

1,404,873

Investment property

6

115,000

115,000

1,493,812

1,519,873

CURRENT ASSETS

Debtors

7

1,183,412

1,042,558

Cash at bank and in hand

338,373

114,881

1,521,785

1,157,439

CREDITORS

Amounts falling due within one year

8

650,145

601,534

NET CURRENT ASSETS

871,640

555,905

TOTAL ASSETS LESS CURRENT LIABILITIES

2,365,452

2,075,778

CREDITORS

Amounts falling due after more than one year

9

(547,091

)

(615,930

)

PROVISIONS FOR LIABILITIES

(39,493

)

(55,001

)

NET ASSETS

1,778,868

1,404,847

CAPITAL AND RESERVES

Called up share capital

900

900

Revaluation reserve

12

97,010

97,010

Retained earnings

1,680,958

1,306,937

SHAREHOLDERS' FUNDS

1,778,868

1,404,847

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2019 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 applicable to companies subject to the small companies regime.

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 9 September 2019 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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. Income is

recognised when the services are completed.

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

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 66 (2018 - 64 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2018

and 31 May 2019

5,106

AMORTISATION

At 1 June 2018

and 31 May 2019

5,106

NET BOOK VALUE

At 31 May 2019

-

At 31 May 2018

-

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST OR VALUATION

At 1 June 2018

1,100,000

199,681

44,009

Additions

5,019

-

2,040

Reclassification/transfer

199,681

(199,681

)

-

At 31 May 2019

1,304,700

-

46,049

DEPRECIATION

At 1 June 2018

-

121,666

28,158

Charge for year

20,498

-

4,255

Reclassification/transfer

121,666

(121,666

)

-

At 31 May 2019

142,164

-

32,413

NET BOOK VALUE

At 31 May 2019

1,162,536

-

13,636

At 31 May 2018

1,100,000

78,015

15,851

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST OR VALUATION

At 1 June 2018

139,707

685,865

2,169,262

Additions

19,262

44,087

70,408

At 31 May 2019

158,969

729,952

2,239,670

DEPRECIATION

At 1 June 2018

89,417

525,148

764,389

Charge for year

10,429

61,287

96,469

Reclassification/transfer

-

-

-

At 31 May 2019

99,846

586,435

860,858

NET BOOK VALUE

At 31 May 2019

59,123

143,517

1,378,812

At 31 May 2018

50,290

160,717

1,404,873

Cost or valuation at 31 May 2019 is represented by:

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

Valuation in 2018

136,875

-

-

-

136,875

Cost

1,167,825

46,049

158,969

729,952

2,102,795

1,304,700

46,049

158,969

729,952

2,239,670

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2018

and 31 May 2019

115,000

NET BOOK VALUE

At 31 May 2019

115,000

At 31 May 2018

115,000

Fair value at 31 May 2019 is represented by:

£

Valuation in 2015

18,551

Cost

96,449

115,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.19

31.5.18

£

£

Trade debtors

862,410

668,159

Amounts recoverable on contract

266,852

258,948

Other debtors

54,150

115,451

1,183,412

1,042,558

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.19

31.5.18

£

£

Bank loans and overdrafts

51,865

86,936

Trade creditors

105,826

196,876

Social security and other taxes

58,432

46,754

VAT

251,566

199,260

Other creditors

40,709

16,429

Directors' current accounts

36,514

35,729

Accruals and deferred income

105,233

19,550

650,145

601,534

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.19

31.5.18

£

£

Bank loans

37,965

36,584

Bank loans - 2-5 years

100,346

46,023

Bank loans more 5 yr by instal

408,780

533,323

547,091

615,930

31.5.19

31.5.18

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

408,780

533,323

10.	LEASING AGREEMENTS

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

31.5.19

31.5.18

£

£

Within one year

10,450

13,978

Between one and five years

5,225

5,225

15,675

19,203

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.19

31.5.18

£

£

Bank overdraft

-

20,144

Bank loans

598,956

682,722

598,956

702,866

12.

RESERVES

Revaluation

reserve

£

At 1 June 2018

and 31 May 2019

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,

2019

2018

£

£

N M Howe

(7,618

)

(5,221

)

N J Bentley

(4,552

)

(4,801

)

L D R Jones

(8,082

)

(7,608

)

T Sharp

(4,696

)

(5,132

)

S Ardern

(6,770

)

(8,058

)

M C Ford

(4,797

)

(4,910

)