Trade Windows (Derby) Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 02782897 (England and Wales)

TRADE WINDOWS (DERBY) LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

28,877

23,842

Investments

3

13

13

28,890

23,855

CURRENT ASSETS

Stocks

18,685

7,291

Debtors

218,020

200,947

Cash at bank

104,825

23,541

341,530

231,779

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

4

374,606

322,190

NET CURRENT LIABILITIES

(33,076

)

(90,411

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,186

)

(66,556

)

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

4

20,783

15,882

NET LIABILITIES

(24,969

)

(82,438

)

CAPITAL AND RESERVES

Called up share capital

5

200

200

Profit and loss account

(25,169

)

(82,638

)

SHAREHOLDERS' FUNDS

(24,969

)

(82,438

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 4 April 2016 and were signed by:

P Brighouse - Director

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

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% 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

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

393,195

Additions

14,365

Disposals

(34,642

)

At 31 December 2015

372,918

DEPRECIATION

At 1 January 2015

369,353

Charge for year

7,166

Eliminated on disposal

(32,478

)

At 31 December 2015

344,041

NET BOOK VALUE

At 31 December 2015

28,877

At 31 December 2014

23,842

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2015

and 31 December 2015

13

NET BOOK VALUE

At 31 December 2015

13

At 31 December 2014

13

The company's investments at the Balance Sheet date in the share capital of companies include the

following:

Trade Conservatories Limited

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

4.

CREDITORS

Creditors include an amount of £ 29,195 (2014 - £ 31,687 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

200

Ordinary

£1

200

200

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Debtors falling due within one year include the sums of £47,358 and £57,767 (2014: £64,949 and

£34,035) 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

£47,358 and £57,767 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.