Angus Clinton (Windows) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC102837 (Scotland)

ANGUS CLINTON (WINDOWS) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2020

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Angus Clinton

Dr Michael Clinton

Alexander Clinton

SECRETARY:

Nic Ltd.

REGISTERED OFFICE:

49-50 Bayhead

Stornoway

Western Isles

HS1 2DZ

BUSINESS ADDRESS:

Rigs Road

Stornoway

Isle of Lewis

HS1 2RF

REGISTERED NUMBER:

SC102837 (Scotland)

ACCOUNTANTS:

Nicolson Accountancy

49/50 Bayhead

Stornoway

Western Isles

HS1 2DZ

FIXED ASSETS

Tangible assets

4

35,490

47,321

CURRENT ASSETS

Stocks

35,882

35,472

Debtors

5

39,502

123,690

Cash at bank

615,620

537,480

691,004

696,642

CREDITORS

Amounts falling due within one year

6

91,391

113,908

NET CURRENT ASSETS

599,613

582,734

TOTAL ASSETS LESS CURRENT LIABILITIES

635,103

630,055

CAPITAL AND RESERVES

Called up share capital

50,000

50,000

Retained earnings

8

585,103

580,055

SHAREHOLDERS' FUNDS

635,103

630,055

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 31 January 2021 and were signed on its behalf by:

Angus Clinton - Director

1.	STATUTORY INFORMATION

Angus Clinton (Windows) Limited is a private company, limited by shares , registered in Scotland. 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

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.

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

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 October 2019

and 30 September 2020

87,349

39,433

126,782

DEPRECIATION

At 1 October 2019

59,982

19,479

79,461

Charge for year

6,842

4,989

11,831

At 30 September 2020

66,824

24,468

91,292

NET BOOK VALUE

At 30 September 2020

20,525

14,965

35,490

At 30 September 2019

27,367

19,954

47,321

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Trade debtors

39,502

123,690

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Trade creditors

28,803

28,243

Amounts owed to group undertakings

25,273

40,805

Taxation and social security

28,308

36,853

Other creditors

9,007

8,007

91,391

113,908

7.	SECURED DEBTS

The bank overdraft is secured over the assets of the company by a bond and floating charge.

8.

RESERVES

Retained

earnings

£

At 1 October 2019

580,055

Profit for the year

30,048

Dividends

(25,000

)

At 30 September 2020

585,103

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Angus Clinton (Builders Merchants) Ltd.

The ultimate controlling party is the directors, who are the shareholders in the parent company.