R.B. Windows, Doors and Cons Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03543059 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2018

FOR

R. B.WINDOWS, DOORS AND CONSERVATORIES

LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

R C Benton

Mrs J M Benton

SECRETARY:

Mrs J M Benton

REGISTERED OFFICE:

57/61 Market Place

Cannock

Staffordshire

WS11 1BP

REGISTERED NUMBER:

03543059 (England and Wales)

ACCOUNTANTS:

Shelvoke Pickering Janney LLP

Chartered Accountants

57-61 Market Place

Cannock

Staffordshire

WS11 1BP

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

40,520

36,564

40,520

36,564

CURRENT ASSETS

Inventories

33,840

29,025

Debtors

6

90,205

126,915

Cash at bank and in hand

191,430

305,161

315,475

461,101

CREDITORS

Amounts falling due within one year

7

247,645

284,555

NET CURRENT ASSETS

67,830

176,546

TOTAL ASSETS LESS CURRENT LIABILITIES

108,350

213,110

PROVISIONS FOR LIABILITIES

7,698

6,185

NET ASSETS

100,652

206,925

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

100,452

206,725

SHAREHOLDERS' FUNDS

100,652

206,925

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 28 February 2019 and were signed on its behalf by:

R C Benton - Director

1.	STATUTORY INFORMATION

R. B.Windows, Doors and Conservatories 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.

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.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, 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 2002, is being amortised evenly over its estimated useful life of ten 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.

Plant and machinery

-

10% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

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

the statement of financial position 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.

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 14 (2017 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2017

and 30 September 2018

15,000

AMORTISATION

At 1 October 2017

and 30 September 2018

15,000

NET BOOK VALUE

At 30 September 2018

-

At 30 September 2017

-

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 October 2017

179,862

Additions

23,638

Disposals

(11,995

)

At 30 September 2018

191,505

DEPRECIATION

At 1 October 2017

143,298

Charge for year

13,181

Eliminated on disposal

(5,494

)

At 30 September 2018

150,985

NET BOOK VALUE

At 30 September 2018

40,520

At 30 September 2017

36,564

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

62,397

107,488

Other debtors

27,808

19,427

90,205

126,915

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

158,204

205,082

Taxation and social security

66,081

73,730

Other creditors

23,360

5,743

247,645

284,555

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £120,395 were paid to the directors .

The company is under the control of Mr and Mrs R C Benton and members of their close family. They

owned 100% (2017: 100%) of the issued ordinary share capital.

The company made an interest free loan to the directors and the balance at 30 September, 2018 was

£23440 (2017: £Nil). This was the highest balance and was repaid in the following year.