Normax Windows Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: SC360887 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2015

for

Normax Windows Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs A McCartney

REGISTERED OFFICE:

C/O Advantage Accounting (Scotland) Ltd

11 Somerset Place

Glasgow

G3 7JT

REGISTERED NUMBER:

SC360887 (Scotland)

ACCOUNTANTS:

Advantage Accounting (Scotland) Ltd

11 Somerset Place

Glasgow

G3 7JT

FIXED ASSETS

Tangible assets

2

32,156

37,377

CURRENT ASSETS

Stocks

11,940

11,880

Debtors

181,337

120,530

Cash at bank and in hand

2,592

8,597

195,869

141,007

CREDITORS

Amounts falling due within one year

193,325

139,460

NET CURRENT ASSETS

2,544

1,547

TOTAL ASSETS LESS CURRENT LIABILITIES

34,700

38,924

CREDITORS

Amounts falling due after more than one year

(12,240

)

(19,863

)

PROVISIONS FOR LIABILITIES

(6,431

)

(7,475

)

NET ASSETS

16,029

11,586

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

15,929

11,486

SHAREHOLDERS' FUNDS

16,029

11,586

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 8 January 2016 and were signed by:

Mrs A McCartney - 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 and services, 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

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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 July 2014

77,831

Additions

4,982

At 30 June 2015

82,813

DEPRECIATION

At 1 July 2014

40,454

Charge for year

10,203

At 30 June 2015

50,657

NET BOOK VALUE

At 30 June 2015

32,156

At 30 June 2014

37,377

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.15

30.6.14

value:

£

£

100

Ordinary

£1

100

100