Company Registration No. 06936290 (England and Wales)
UNITEL DIRECT LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
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 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
30,219
22,919
Current assets
Debtors
49,830
22,952
Cash at bank and in hand
659,499
295,345
709,329
318,297
Creditors: amounts falling due within one year
(439,401)
(165,864)
Net current assets
269,928
152,433
Total assets less current liabilities
300,147
175,352
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
300,146
175,351
Shareholders' funds
300,147
175,352
For the financial year ended 31 March 2015 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 7 September 2015
Mr C Wilkinson
Director
Company Registration No. 06936290
UNITEL DIRECT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 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 April 2008).
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 2014
32,758
Additions
12,172
At 31 March 2015
44,930
Depreciation
At 1 April 2014
9,839
Charge for the year
4,872
At 31 March 2015
14,711
Net book value
At 31 March 2015
30,219
At 31 March 2014
22,919
3
Share capital
2015
2014
£
£
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 2015
- 3 -
4
Related party relationships and transactions
At 1 April 2014 the company owed Mr C Wilkinson, the director, an interest free loan balance of £16,265. At 31 March 2015 this loan had increased to £170,867.