Company Registration No. 06936290 (England and Wales)
UNITEL DIRECT LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
Evolution Business and Tax Advisors LLP
Wynyard Park House
Wynyard Avenue
Wynyard
TS22 5TB
UNITEL DIRECT LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
UNITEL DIRECT LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
28,687
30,219
Current assets
Debtors
44,630
49,830
Cash at bank and in hand
685,538
659,499
730,168
709,329
Creditors: amounts falling due within one year
(431,722)
(439,401)
Net current assets
298,446
269,928
Total assets less current liabilities
327,133
300,147
Provisions for liabilities
(5,424)
-
321,709
300,147
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
321,708
300,146
Shareholders' funds
321,709
300,147
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 21 June 2016
Mr C Wilkinson
Director
Company Registration No. 06936290
UNITEL DIRECT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment
15% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
44,930
Additions
3,125
At 31 March 2016
48,055
Depreciation
At 1 April 2015
14,711
Charge for the year
4,657
At 31 March 2016
19,368
Net book value
At 31 March 2016
28,687
At 31 March 2015
30,219
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 ordinary share of £1 each
1
1
UNITEL DIRECT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
4
Related party relationships and transactions
At 1 April 2015 the company owed Mr C Wilkinson, the director, an interest free loan balance of £170,867. At 31 March 2016 this amount was still outstanding.
During the year the company paid for services on behalf of Amerada Communications Limited, a company controlled by Mr C Wilkinson, the director, totalling £126. At 31 March 2016 this amount was still outstanding.
During the year the company paid for the rent of premises owned by Mr C Wilkinson, the director, totalling £6,600 (2015 - £6,600).