Propak Architectural Glazing Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07448854 (England and Wales)

PROPAK ARCHITECTURAL GLAZING LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2015

Page

Company Information

1

Accountants' Report

2

Abbreviated Balance Sheet

3

to

4

Notes to the Abbreviated Accounts

5

to

6

DIRECTORS:

L Bennett

M Bennett

R Trevett

REGISTERED OFFICE:

Unit 1

Gunnels Wood Industrial Estate

Gunnels Wood Road

Stevenge

Hertfordshire

SG1 2BH

REGISTERED NUMBER:

07448854 (England and Wales)

ACCOUNTANTS:

Wags LLP t/a Wagstaffs

Richmond House

Walkern Road

Stevenage

Hertfordshire

SG1 3QP

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages

three to six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of Propak Architectural Glazing Limited for the year ended

31st March 2015 which comprise the Profit and Loss Account, the Balance Sheet and the related notes

from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Propak Architectural Glazing Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Propak Architectural Glazing Limited and state those matters that we have agreed to state to the Board of Directors of Propak Architectural Glazing Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Propak Architectural Glazing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Propak Architectural Glazing Limited. You consider that Propak Architectural Glazing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Propak

Architectural Glazing Limited. For this reason, we have not verified the accuracy or completeness of the

accounting records or information and explanations you have given to us and we do not, therefore, express

any opinion on the statutory financial statements.

Wags LLP t/a Wagstaffs

Richmond House

Walkern Road

Stevenage

Hertfordshire

SG1 3QP

26th October 2015

FIXED ASSETS

Tangible assets

2

77,949

92,162

CURRENT ASSETS

Stocks

116,751

159,600

Debtors

610,246

453,987

Cash at bank

528,682

248,046

1,255,679

861,633

CREDITORS

Amounts falling due within one year

(747,191

)

(441,565

)

NET CURRENT ASSETS

508,488

420,068

TOTAL ASSETS LESS CURRENT LIABILITIES

586,437

512,230

PROVISIONS FOR LIABILITIES

(13,640

)

(18,433

)

NET ASSETS

572,797

493,797

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

572,697

493,697

SHAREHOLDERS' FUNDS

572,797

493,797

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2015 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 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 Board of Directors on 26th October 2015 and were signed on its behalf by:

L Bennett - 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 total invoice value, excluding value added tax, trade discounts and all other

taxes of sales made during the year.

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 etc

-

20% 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

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

Cost

At 1st April 2014

115,203

Additions

10,600

At 31st March 2015

125,803

Depreciation

At 1st April 2014

23,041

Charge for year

24,813

At 31st March 2015

47,854

Net book value

At 31st March 2015

77,949

At 31st March 2014

92,162

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100