Registered Number 03782369
UNIQUE WINDOWS LIMITED
Abbreviated Accounts
30 June 2012
Notes | 2012 | 2011 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Stocks |
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Debtors |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
( |
( |
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Total assets less current liabilities |
( |
( |
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Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
( |
( |
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Shareholders' funds |
( |
( |
Approved by the Board on
And signed on their behalf by:
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Plant and machinery etc - 25% on reducing balance
Other accounting policies
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes, except to the extent that the effect of applying this policy is not material to the financial statements. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred taxation is measured on a non-discounted basis at the average tax rates that would apply when the timing differences are expected to reverse, based on tax rates and laws that have been enacted by the balance sheet date.
Going concern
Despite the current economic climate, the company continues to receive new orders and estimates, and the director anticipates the company to maintain profitability. The company continues to operate within its overdraft. The director has therefore adopted the going concern basis of accounting in the preparation of these financial statements.
£ | |
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Cost | |
At 1 July 2011 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 30 June 2012 |
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Depreciation | |
At 1 July 2011 |
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Charge for the year |
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On disposals |
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At 30 June 2012 |
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Net book values | |
At 30 June 2012 | 8,567 |
At 30 June 2011 | 10,745 |