Outlook Windows Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03650519 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2019

FOR

OUTLOOK WINDOWS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C A Welling

SECRETARY:

A Welling

REGISTERED OFFICE:

77 Marlowes

Hemel Hempstead

Hertfordshire

HP1 1LF

REGISTERED NUMBER:

03650519 (England and Wales)

ACCOUNTANTS:

Allan Snow Ltd

Chartered Certified Accountants

77 Marlowes

Hemel Hempstead

Hertfordshire

HP1 1LF

FIXED ASSETS

Tangible assets

4

48,174

32,362

CURRENT ASSETS

Stocks

91,075

Debtors

5

7,127

939

Cash at bank

48,035

32,799

146,237

124,813

CREDITORS

Amounts falling due within one year

6

126,435

84,283

NET CURRENT ASSETS

19,802

40,530

TOTAL ASSETS LESS CURRENT
LIABILITIES

67,976

72,892

CREDITORS

Amounts falling due after more than one
year

7

8,934

-

NET ASSETS

59,042

72,892

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

58,942

72,792

SHAREHOLDERS' FUNDS

59,042

72,892

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 July 2020 and were signed by:

C A Welling - Director

1.	STATUTORY INFORMATION

Outlook Windows 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.

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.

Plant and machinery etc

-

25% on reducing balance and 10% 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 5 (2018 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2018

158,946

Additions

44,744

Disposals

(29,280

)

At 31 October 2019

174,410

DEPRECIATION

At 1 November 2018

126,584

Charge for year

16,838

Eliminated on disposal

(17,186

)

At 31 October 2019

126,236

NET BOOK VALUE

At 31 October 2019

48,174

At 31 October 2018

32,362

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.19

31.10.18

£

Trade debtors

7,127

939

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.19

31.10.18

£

Hire purchase contracts

8,262

-

Trade creditors

52,228

16,797

Taxation and social security

16,787

14,847

Other creditors

49,158

52,639

126,435

84,283

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.10.19

31.10.18

£

Hire purchase contracts

8,934

-

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in rents is £32,000 (2018 - £28,042) in respect of a property rented from C A Welling.

Outlook Windows Limited - Accounts to registrar (filleted) - small 18.2

Outlook Windows Limited - Accounts to registrar (filleted) - small 18.2