M Gould Windows Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08141038 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2015

for

M Gould Windows Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M D Gould

Mrs C S R Gould

REGISTERED OFFICE:

1 St Mary's Street

Ross-on-Wye

Herefordshire

HR9 5HT

REGISTERED NUMBER:

08141038 (England and Wales)

ACCOUNTANTS:

Thorne & Co.

Accountants and Registered Auditors

1 St Mary's Street

Ross-on-Wye

Herefordshire

HR9 5HT

FIXED ASSETS

Tangible assets

2

14,963

9,355

CURRENT ASSETS

Debtors

12,454

9,217

Cash at bank

52,556

37,628

65,010

46,845

CREDITORS

Amounts falling due within one year

63,834

40,131

NET CURRENT ASSETS

1,176

6,714

TOTAL ASSETS LESS CURRENT
LIABILITIES

16,139

16,069

PROVISIONS FOR LIABILITIES

1,885

1,871

NET ASSETS

14,254

14,198

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

14,154

14,098

SHAREHOLDERS' FUNDS

14,254

14,198

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2015 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 28 April 2016 and were signed on its
behalf by:

M D Gould - 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.

Tangible fixed assets

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

Fixtures and fittings

-

30% on reducing balance

Motor vehicles

-

20% on reducing balance

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the

treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by

the balance sheet date, except as required by the FRSSE.

Deferred tax is measured at the rates that are expected to apply in the periods when the timing

differences are expected to reverse, based on the tax rates and law enacted 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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

12,309

Additions

15,475

Disposals

(12,309

)

At 31 July 2015

15,475

DEPRECIATION

At 1 August 2014

2,954

Charge for year

1,617

Eliminated on disposal

(4,059

)

At 31 July 2015

512

NET BOOK VALUE

At 31 July 2015

14,963

At 31 July 2014

9,355

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.15

31.7.14

value:

£

100

Ordinary

£1.00

100