Grosvenor Windows (North West) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07120583 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2020

for

Grosvenor Windows (North West) Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

Mr B A Muckle

Mrs J Muckle

Mr J Muckle

REGISTERED OFFICE:

The Old Court House

Clark Street

Morecambe

Lancashire

LA4 5HR

REGISTERED NUMBER:

07120583 (England and Wales)

ACCOUNTANTS:

Waters & Atkinson

The Old Court House

Clark Street

Morecambe

Lancashire

LA4 5HR

FIXED ASSETS

Tangible assets

4

8,572

12,810

CURRENT ASSETS

Stocks

2,500

3,300

Debtors

86,808

88,546

Cash at bank and in hand

76,638

53,791

165,946

145,637

CREDITORS

Amounts falling due within one year

143,070

132,617

NET CURRENT ASSETS

22,876

13,020

TOTAL ASSETS LESS CURRENT LIABILITIES

31,448

25,830

CREDITORS

Amounts falling due after more than one year

(5,422

)

(8,994

)

PROVISIONS FOR LIABILITIES

(1,629

)

(2,434

)

NET ASSETS

24,397

14,402

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

24,297

14,302

SHAREHOLDERS' FUNDS

24,397

14,402

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2020 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 18 June 2020 and were signed on its behalf by:

Mr B A Muckle - Director

Mrs J Muckle - Director

1.	STATUTORY INFORMATION

Grosvenor Windows (North West) 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to

the nearest £1.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost

Motor vehicles

-

20% on cost

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 6 (2019 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2019

38,473

Disposals

(4,250

)

At 31 January 2020

34,223

DEPRECIATION

At 1 February 2019

25,663

Charge for year

3,388

Eliminated on disposal

(3,400

)

At 31 January 2020

25,651

NET BOOK VALUE

At 31 January 2020

8,572

At 31 January 2019

12,810

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 February 2019

and 31 January 2020

25,571

DEPRECIATION

At 1 February 2019

13,951

Charge for year

3,253

At 31 January 2020

17,204

NET BOOK VALUE

At 31 January 2020

8,367

At 31 January 2019

11,620

5.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.20

31.1.19

£

£

Hire purchase contracts

8,993

14,156

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 31 January 2020 set out on pages three to eight 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.

Waters & Atkinson

The Old Court House

Clark Street

Morecambe

Lancashire

LA4 5HR

Date: .............................................