Trade Windows (Derby) Limited - Limited company - abbreviated - 11.6
Trade Windows (Derby) Limited - Limited company - abbreviated - 11.6
REGISTERED NUMBER: |
TRADE WINDOWS (DERBY) LIMITED |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
TRADE WINDOWS (DERBY) LIMITED (REGISTERED NUMBER: 02782897) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
Page |
Abbreviated Balance Sheet | 1 |
Notes to the Abbreviated Accounts | 3 |
TRADE WINDOWS (DERBY) LIMITED (REGISTERED NUMBER: 02782897) |
ABBREVIATED BALANCE SHEET |
31 DECEMBER 2014 |
2014 | 2013 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
Investments | 3 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
4 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
4 |
NET (LIABILITIES)/ASSETS | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 5 |
Profit and loss account | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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. |
TRADE WINDOWS (DERBY) LIMITED (REGISTERED NUMBER: 02782897) |
ABBREVIATED BALANCE SHEET - continued |
31 DECEMBER 2014 |
The financial statements were approved by the Board of Directors on on its behalf by: |
TRADE WINDOWS (DERBY) LIMITED (REGISTERED NUMBER: 02782897) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
1. | ACCOUNTING POLICIES |
Compliance with accounting standards |
The financial statements are prepared in accordance with applicable United Kingdom Accounting |
Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied |
consistently (except as otherwise stated). |
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 and services, net of value added tax and trade |
discounts. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
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 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 and finance leases are capitalised as tangible assets |
and depreciated over the shorter of the lease term and their useful lives. Obligations under such |
agreements are included in creditors net of the finance charge allocated to future periods. The |
finance element of the rental payment is charged to the profit and loss account so as to produce a |
constant periodic rate of charge on the net obligation outstanding in each period. |
Rentals payable under operating leases are charged against income on a straightline basis over the |
lease term. |
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. |
Investments |
Fixed asset investments are stated at cost less provision for diminution in value. |
TRADE WINDOWS (DERBY) LIMITED (REGISTERED NUMBER: 02782897) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2014 |
Disposals | ( |
) |
At 31 December 2014 |
DEPRECIATION |
At 1 January 2014 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 December 2014 |
NET BOOK VALUE |
At 31 December 2014 |
At 31 December 2013 |
3. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1 January 2014 |
and 31 December 2014 | 13 |
NET BOOK VALUE |
At 31 December 2014 |
At 31 December 2013 |
The company's investments at the Balance Sheet date in the share capital of companies include the |
following: |
Nature of business: |
% |
Class of shares: | holding |
Ordinary | 100.00 |
4. | CREDITORS |
Creditors include an amount of £ |
TRADE WINDOWS (DERBY) LIMITED (REGISTERED NUMBER: 02782897) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
5. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2014 | 2013 |
value: | £ | £ |
Ordinary | £1 |
6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
Debtors falling due within one year include the sums of £64,949 and £34,035 (2013: £65,787 and |
£15,561) owed by Mr P Brighouse and Mr G C Lorraine, being the ultimate controlling party and a |
director respectively, on current accounts. The maximum amounts outstanding during the year were |
£64,949 and £34,035 respectively. No interest is charged on these balances. |
7. | ULTIMATE CONTROLLING PARTY |
The company is a wholly-owned subsidiary of Frame Fast (UK) Limited which is registered in |
England and Wales. Mr P Brighouse is the controlling shareholder in Frame Fast (UK) Limited and |
accordingly is considered to be the company's ultimate controlling party. |