BUCKINGHAM DOUBLE GLAZING LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02609453 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2018

FOR

BUCKINGHAM DOUBLE GLAZING LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Report of the accountants

7

Directors:

Mrs S Western

M K Cave

Secretary:

Registered office:

5 Market Square

Chesham

Buckinghamshire

HP5 1HG

Registered number:

02609453 (England and Wales)

Accountants:

S S KHEHAR ACCOUNTANCY SERVICES LIMITED

Wrens

Manor Road

Maidenhead

Berkshire

SL6 2QG

Fixed assets

Tangible assets

4

30,009

359

Current assets

Stocks

5

56,198

32,420

Debtors

6

92,584

76,458

Cash at bank and in hand

-

18,703

148,782

127,581

Creditors

Amounts falling due within one year

7

149,083

126,959

Net current (liabilities)/assets

(301

)

622

Total assets less current liabilities

29,708

981

Creditors

Amounts falling due after more than one year

8

29,330

-

Net assets

378

981

Capital and reserves

Called up share capital

80

80

Retained earnings

9

298

901

Shareholders' funds

378

981

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 19 June 2019 and were signed on its behalf by:

Mrs S Western - Director

1.	Statutory information

BUCKINGHAM DOUBLE GLAZING 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

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks 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 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.

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.

3.	Employees and directors

The average number of employees during the year was 8 (2017 - 8 ) .

4.	Tangible fixed assets

Motor

Computer

vehicles

equipment

Totals

£

£

£

Cost

At 1 October 2017

-

6,448

6,448

Additions

29,740

-

29,740

At 30 September 2018

29,740

6,448

36,188

Depreciation

At 1 October 2017

-

6,089

6,089

Charge for year

-

90

90

At 30 September 2018

-

6,179

6,179

Net book value

At 30 September 2018

29,740

269

30,009

At 30 September 2017

-

359

359

5.

Stocks

2018

2017

£

£

Stocks

56,198

32,420

6.

Debtors: amounts falling due within one year

2018

2017

£

£

Trade debtors

37,770

19,161

Investments

51,297

51,297

Prepayments and accrued income

3,517

6,000

92,584

76,458

7.

Creditors: amounts falling due within one year

2018

2017

£

£

Bank loans and overdrafts

2,978

-

Trade creditors

115,504

74,525

Tax

-

(9,448

)

Social security and other taxes

13,899

4,753

Pension

350

-

VAT

10,582

24,717

Prepaid Deposits

-

29,642

Directors' current accounts

4,270

1,270

Accrued expenses

1,500

1,500

149,083

126,959

8.

Creditors: amounts falling due after more than one year

2018

2017

£

£

Hire purchase contracts

29,330

-

9.

Reserves

Retained

earnings

£

At 1 October 2017

901

Deficit for the year

(603

)

At 30 September 2018

298

The following reproduces the text of the report prepared for the directors in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act

2006, the company is only required to file a Balance sheet. Readers are cautioned that the

Income statement and certain other primary statements and the Report of the directors are

not required to be filed with the Registrar of Companies.

As described on the Balance sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2018 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

S S KHEHAR ACCOUNTANCY SERVICES LIMITED

Wrens

Manor Road

Maidenhead

Berkshire

SL6 2QG

19 June 2019