Indeluxe Windows Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02196614 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 28th February 2015

for

INDELUXE WINDOWS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M J Burge

REGISTERED OFFICE:

Unit 5

Lower Mill Street

Cheltenham

Gloucestershire

GL51 8JN

REGISTERED NUMBER:

02196614 (England and Wales)

ACCOUNTANTS:

Davies Mayers Barnett LLP

Pillar House

113/115 Bath Road

Cheltenham

Gloucestershire

GL53 7LS

FIXED ASSETS

Tangible assets

2

19,456

19,217

CURRENT ASSETS

Stocks

18,122

12,368

Debtors

59,479

37,428

Cash at bank and in hand

148,458

121,623

226,059

171,419

CREDITORS

Amounts falling due within one year

3

(183,063

)

(140,353

)

NET CURRENT ASSETS

42,996

31,066

TOTAL ASSETS LESS CURRENT LIABILITIES

62,452

50,283

CREDITORS

Amounts falling due after more than one year

3

(12,120

)

(18,265

)

NET ASSETS

50,332

32,018

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

50,232

31,918

SHAREHOLDERS' FUNDS

50,332

32,018

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 27th March 2015 and were signed by:

M J Burge - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents the value of goods and services supplied to customers during the year, net of Value Added

Tax and trade discounts.

Tangible fixed assets

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

Improvements to property

-

20% on cost

Fixtures and fittings

-

50% on cost and 10% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

20% on cost

Cost is defined as the purchase cost less any residual value.

Depreciation is charged from the month of acquisition at the above rates.

The net book values of the assets are regularly reviewed by the directors and further adjustments to carrying

values are made where considered appropriate.

Stocks

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

moving items.

Deferred tax

Deferred taxation is recognised in respect of all timing differences between the treatment of certain items for

taxation and accounting purposes which have arisen but not reversed by the balance sheet date. Full provision is

made without discounting for all deferred tax liabilities. Deferred tax assets are recognised to the extent that it is

more likely than not that they will be recovered against 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 the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st March 2014

47,669

Additions

3,500

At 28th February 2015

51,169

DEPRECIATION

At 1st March 2014

28,452

Charge for year

4,261

Charge written back

(1,000

)

At 28th February 2015

31,713

NET BOOK VALUE

At 28th February 2015

19,456

At 28th February 2014

19,217

3.

CREDITORS

Creditors include an amount of £ 18,265 (2014 - £ 24,081 ) for which security has been given.

The bank loans are secured by fixed and floating charges over the assets of the company. The finance leases are

secured on the assets concerned.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100