Outlook Windows Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03650519 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2014

FOR

OUTLOOK WINDOWS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

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

77 Marlowes

Hemel Hempstead

Hertfordshire

HP1 1LF

FIXED ASSETS

Tangible assets

2

68,209

81,136

CURRENT ASSETS

Stocks

38,800

55,447

Debtors

57,968

38,810

Cash at bank and in hand

6,995

14,761

103,763

109,018

CREDITORS

Amounts falling due within one year

83,005

101,532

NET CURRENT ASSETS

20,758

7,486

TOTAL ASSETS LESS CURRENT LIABILITIES

88,967

88,622

CREDITORS

Amounts falling due after more than one year

6,698

19,236

NET ASSETS

82,269

69,386

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

82,169

69,286

SHAREHOLDERS' FUNDS

82,269

69,386

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2014 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 30 July 2015 and were signed by:

C A Welling - 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 net invoiced sales of goods, excluding value added tax.

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 etc

-

25% on reducing balance and 10% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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 1 November 2013

139,152

Additions

7,120

At 31 October 2014

146,272

DEPRECIATION

At 1 November 2013

58,016

Charge for year

20,047

At 31 October 2014

78,063

NET BOOK VALUE

At 31 October 2014

68,209

At 31 October 2013

81,136

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.14

31.10.13

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in rents is £22,500 (2013-£12,500) in respect of a property rented from C A Welling.

5.

CONTROL

The company is controlled by Mr. Colin Welling as director and shareholder.