Profab Windows (UK) Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05617240 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2013

FOR

PROFAB WINDOWS (UK) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

5

DIRECTORS:

J A Childs

K K H Mistry

SECRETARY:

K K H Mistry

REGISTERED OFFICE:

Thistle Down Barn

Holcot Lane

Sywell

Northampton

Northamptonshire

NN6 0BG

REGISTERED NUMBER:

05617240 (England and Wales)

ACCOUNTANTS:

Elsby & Company Ltd

Thistle Down Barn

Holcot Lane

Sywell

Northampton

Northamptonshire

NN6 0BG

FIXED ASSETS

Intangible assets

2

19,128

20,722

Tangible assets

3

9,870

12,132

28,998

32,854

CURRENT ASSETS

Stocks

2,831

2,816

Debtors

15,236

21,509

18,067

24,325

CREDITORS

Amounts falling due within one year

47,949

54,625

NET CURRENT LIABILITIES

(29,882

)

(30,300

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(884

)

2,554

PROVISIONS FOR LIABILITIES

1,550

1,550

NET (LIABILITIES)/ASSETS

(2,434

)

1,004

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

(2,436

)

1,002

SHAREHOLDERS' FUNDS

(2,434

)

1,004

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2013 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 15 April 2014 and were signed on its behalf by:

J A Childs - Director

K K H Mistry - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2012

and 30 November 2013

31,880

AMORTISATION

At 1 December 2012

11,158

Amortisation for year

1,594

At 30 November 2013

12,752

NET BOOK VALUE

At 30 November 2013

19,128

At 30 November 2012

20,722

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2012

and 30 November 2013

44,636

DEPRECIATION

At 1 December 2012

32,504

Charge for year

2,262

At 30 November 2013

34,766

NET BOOK VALUE

At 30 November 2013

9,870

At 30 November 2012

12,132

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

2

Ordinary

£1

2

2

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the directors owed £4,634.43 (2012: directors were owed £70) to the company in respect of their

loan account balances. No interest was charged in respect of these balances during the year and there are no

fixed terms of repayment.

The company is controlled by its directors by virtue of the fact that they own all of the company's share capital.

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 two to four)

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 Profab Windows (UK) Limited for the year ended 30 November 2013 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 Profab Windows (UK) 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

Profab Windows (UK) Limited and state those matters that we have agreed to state to the Board of Directors of Profab

Windows (UK) 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 Profab Windows (UK) 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 Profab

Windows (UK) Limited. You consider that Profab Windows (UK) 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 Profab Windows (UK)

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.

Elsby & Company Ltd

Thistle Down Barn

Holcot Lane

Sywell

Northampton

Northamptonshire

NN6 0BG

15 April 2014