| Oxford Double Glazing Limited |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Oxford Double Glazing Limited for the period ended 31 December 2013 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Oxford Double Glazing Limited for the period ended 31 December 2013 which comprise of 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, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook. |
| Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation. |
|
| Chapman Robinson & Moore Ltd |
| Accountants |
| 30 Bankside Court, Stationfields |
| Kidlington |
| Oxford |
| OX5 1JE |
|
| 12 May 2014 |
|
| Oxford Double Glazing Limited |
| Registered number: |
00818979 |
| Abbreviated Balance Sheet |
| as at 31 December 2013 |
|
| Notes |
31/12/13 |
30/11/13 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
74,460 |
|
|
75,553 |
|
| Current assets |
| Stocks |
|
|
7,579 |
|
|
39,599 |
| Debtors |
|
|
199,315 |
|
|
234,477 |
| Cash at bank and in hand |
|
|
30,205 |
|
|
88,677 |
|
|
|
237,099 |
|
|
362,753 |
|
| Creditors: amounts falling due within one year |
|
|
(531,986) |
|
|
(617,904) |
|
| Net current liabilities |
|
|
|
(294,887) |
|
|
(255,151) |
|
| Net liabilities |
|
|
|
(220,427) |
|
|
(179,598) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
15,500 |
|
|
15,500 |
| Profit and loss account |
|
|
|
(235,927) |
|
|
(195,098) |
|
| Shareholders' funds |
|
|
|
(220,427) |
|
|
(179,598) |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Alan Brunsdon |
| Director |
| Approved by the board on 12 May 2014 |
|
| Oxford Double Glazing Limited |
| Notes to the Abbreviated Accounts |
| for the period ended 31 December 2013 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
Reducing balance 15% |
|
Motor vehicles |
Reducing balance 25% |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Leasing and hire purchase commitments |
|
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 December 2013 |
210,607 |
|
Additions |
1,132 |
|
Disposals |
(398) |
|
At 31 December 2013 |
211,341 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 December 2013 |
135,054 |
|
Charge for the period |
1,827 |
|
At 31 December 2013 |
136,881 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2013 |
74,460 |
|
At 30 November 2013 |
75,553 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
31/12/13 |
31/12/13 |
30/11/13 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
15,500 |
|
15,500 |
|
15,500 |
|
|
|
|
|
|
|
|
|
