Atcost Windows Limited - Limited company - abbreviated

REGISTERED NUMBER: 02320804 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 September 2013

for

Atcost Windows Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

Mr D Edwards

Mr J Edwards

SECRETARY:

REGISTERED OFFICE:

10 Landport Terrace

Portsmouth

Hampshire

PO1 2RG

REGISTERED NUMBER:

02320804 (England and Wales)

ACCOUNTANTS:

Rothman Pantall LLP

10 Landport Terrace

Portsmouth

Hampshire

PO1 2RG

FIXED ASSETS

Intangible assets

2

9,000

10,500

Tangible assets

3

35,000

145,000

44,000

155,500

CURRENT ASSETS

Stocks

182,282

85,416

Debtors

96,880

93,479

Cash at bank

17,886

9,814

297,048

188,709

CREDITORS

Amounts falling due within one year

422,006

267,267

NET CURRENT LIABILITIES

(124,958

)

(78,558

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(80,958

)

76,942

CREDITORS

Amounts falling due after more than one
year

(24,887

)

(12,564

)

PROVISIONS FOR LIABILITIES

-

(11,129

)

NET (LIABILITIES)/ASSETS

(105,845

)

53,249

CAPITAL AND RESERVES

Called up share capital

4

3

Revaluation reserve

-

27,446

Profit and loss account

(105,848

)

25,800

SHAREHOLDERS' FUNDS

(105,845

)

53,249

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 8 July 2014 and were signed on its behalf by:

Mr D Edwards - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

Turnover

Turnover represents the amount derived from ordinary activities, and stated after trade discounts, other sales

taxes and net of value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

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

-

10% 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

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2012

and 30 September 2013

15,000

AMORTISATION

At 1 October 2012

4,500

Amortisation for year

1,500

At 30 September 2013

6,000

NET BOOK VALUE

At 30 September 2013

9,000

At 30 September 2012

10,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 October 2012

145,000

Revaluations

(110,000

)

At 30 September 2013

35,000

NET BOOK VALUE

At 30 September 2013

35,000

At 30 September 2012

145,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

2

Ordinary

£1

2

1

Ordinary "B"

£1

1

3

5.	ULTIMATE PARENT COMPANY

Atcost Windows Limited is 100% owned by Edwards Window Group Limited.

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 30 September 2013, the following directors owed money to the company:

Mr D Edwards - £52,737.

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.

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

financial statements of Atcost Windows Limited for the year ended 30 September 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 Atcost Windows 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

Atcost Windows Limited and state those matters that we have agreed to state to the Board of Directors of Atcost

Windows 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 Atcost Windows 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 loss of Atcost Windows

Limited. You consider that Atcost Windows 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 Atcost Windows 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.

Rothman Pantall LLP

10 Landport Terrace

Portsmouth

Hampshire

PO1 2RG

8 July 2014

Atcost Windows Limited - Limited company - abbreviated - 11.0.0

Atcost Windows Limited - Limited company - abbreviated - 11.0.0