Grosvenor Windows (North West) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07120583 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 January 2016

for

Grosvenor Windows (North West) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

6

DIRECTORS:

Mr B A Muckle

Mrs J Muckle

Mr J B Muckle

REGISTERED OFFICE:

The Old Court House

Clark Street

Morecambe

Lancashire

LA4 5HR

REGISTERED NUMBER:

07120583 (England and Wales)

ACCOUNTANTS:

Waters & Atkinson

The Old Court House

Clark Street

Morecambe

Lancashire

LA4 5HR

FIXED ASSETS

Tangible assets

2

9,779

3,816

CURRENT ASSETS

Stocks

3,800

3,500

Debtors

80,902

57,360

Cash at bank and in hand

24,962

17,381

109,664

78,241

CREDITORS

Amounts falling due within one year

3

95,470

78,508

NET CURRENT ASSETS/(LIABILITIES)

14,194

(267

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

23,973

3,549

CREDITORS

Amounts falling due after more than one
year

3

(6,043

)

-

PROVISIONS FOR LIABILITIES

(1,956

)

(763

)

NET ASSETS

15,974

2,786

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

15,972

2,784

SHAREHOLDERS' FUNDS

15,974

2,786

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 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 18 March 2016 and were signed on its behalf by:

Mr B A Muckle - Director

Mrs J Muckle - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, 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.

Short leasehold

-

20% on cost

Plant and machinery

-

20% on cost

Motor vehicles

-

20% on cost

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 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2015

14,495

Additions

9,470

At 31 January 2016

23,965

DEPRECIATION

At 1 February 2015

10,679

Charge for year

3,507

At 31 January 2016

14,186

NET BOOK VALUE

At 31 January 2016

9,779

At 31 January 2015

3,816

3.

CREDITORS

Creditors include an amount of £ 7,951 for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.16

31.1.15

value:

£

2

Ordinary

£1

2

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors' current account is held by Mr B A and Mrs J Muckle.

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 five)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2016 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Waters & Atkinson

The Old Court House

Clark Street

Morecambe

Lancashire

LA4 5HR

Date: .............................................