Doors and Windows Limited - Period Ending 2015-03-31

 
 
 
 
 
 
 
  Doors and Windows Limited
 
  Unaudited Abbreviated Accounts
  Year Ended 31 March 2015
 
  Company Registration Number: 01726521

Doors and Windows Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 5

Doors and Windows Limited
Abbreviated Balance Sheet
31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			256,420			258,544
Current assets
Stocks					22,061			18,991
Debtors					4,957			4,749
Cash at bank and in hand					82,101			86,575
					109,119			110,315
Creditors: Amounts falling due within one year					(69,728)			(77,608)
Net current assets					39,391			32,707
Total assets less current liabilities					295,811			291,251
Creditors: Amounts falling due after more than one year					(239,692)			(245,753)
Net assets					56,119			45,498
Capital and reserves
Called up share capital		4			100			100
Profit and loss account					56,019			45,398
Shareholders' funds					56,119			45,498

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 1

Doors and Windows Limited
Abbreviated Balance Sheet
31 March 2015 ......... continued

For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 16 July 2015 and signed on its behalf by:

Mr R A Horwell
Director

Company Registration Number: 01726521

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

Doors and Windows Limited
Notes to the Abbreviated Accounts
Year Ended 31 March 2015 ......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers. Revenue is recognised at date of completion.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Freehold Land & Property	over 50 years
Plant & Machinery	20% reducing balance
Fixtures & Fittings	15% reducing balance
Motor Vehicles	25% reducing balance
Office Equipment	15% reducing balance

Stock and work in progress

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Page 3

Doors and Windows Limited
Notes to the Abbreviated Accounts
Year Ended 31 March 2015 ......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2014		352,961			352,961
Additions		7,193			7,193
Disposals		(7,000)			(7,000)
At 31 March 2015		353,154			353,154
Depreciation
At 1 April 2014		94,417			94,417
Charge for the year		9,317			9,317
Eliminated on disposals		(7,000)			(7,000)
At 31 March 2015		96,734			96,734
Net book value
At 31 March 2015		256,420			256,420
At 31 March 2014		258,544			258,544

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2015 £			2014 £
Amounts falling due within one year		10,000			10,000
Amounts falling due after more than one year		134,005			139,778
Total secured creditors		144,005			149,778

Page 4

Doors and Windows Limited
Notes to the Abbreviated Accounts
Year Ended 31 March 2015 ......... continued

Included in the creditors are the following amounts due after more than five years:

		2015 £			2014 £
After more than five years by instalments		94,000			99,000

4	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100
Non-cumulative redeemable 'A' Preference shares of £1 each		1			1			1			1
		101			101			101			101

Redeemable preference shares

The Non-cumulative redeemable 'A' Preference shares are redeemable at the option of the holder. They are redeemable at £1 per share and carry no voting rights.

Page 5