Jewel Windows Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06978851 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 August 2015

for

Jewel Windows Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Certified Accountants' Report

7

DIRECTORS:

S R Farr

R A Farr

SECRETARY:

R A Farr

REGISTERED OFFICE:

Unit 9 LDL Business Centre

Station Road West

Ash Vale

Hampshire

GU12 5RT

REGISTERED NUMBER:

06978851 (England and Wales)

ACCOUNTANTS:

PKB UK LLP

Chartered Certified Accountants

Beechey House

87 Church Street

Crowthorne

Berkshire

RG45 7AW

FIXED ASSETS

Tangible assets

2

31,235

36,791

CURRENT ASSETS

Stocks

22,500

5,000

Debtors

573,802

431,986

Cash at bank and in hand

104,542

162,745

700,844

599,731

CREDITORS

Amounts falling due within one year

3

371,215

293,667

NET CURRENT ASSETS

329,629

306,064

TOTAL ASSETS LESS CURRENT
LIABILITIES

360,864

342,855

CREDITORS

Amounts falling due after more than
one year

3

(612

)

(3,120

)

PROVISIONS FOR LIABILITIES

(5,232

)

(6,254

)

NET ASSETS

355,020

333,481

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

355,018

333,479

SHAREHOLDERS' FUNDS

355,020

333,481

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

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

S R Farr - 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 the value of services provided under contracts to the extent that there is a right

to consideration and is recorded at the value of the consideration due. Where a contract has only

been partially completed at the balance sheet date turnover represents the value of the service

provided to date based on a proportion of the total expected consideration at completion. Where

payments are received from customers in advance of services provided, the amounts are recorded

as Deferred Income and included as part of Creditors due within one year.

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.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out

basis. Net realisable value represents estimated selling price less costs to complete or sell. Provision

is made for slow moving, obsolete or damaged stock where the net realisable value is less than the

cost.

Deferred tax

Deferred taxation is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date where transactions or events have occurred at that date that will

result in an obligation to pay more, or right to pay less or to receive more, tax, with the following

exceptions:

A deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of

all evidence, it can be regarded as likely that there will be suitable taxable profits from which the

future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on a undiscounted basis, at the tax rates that are expected to apply in the

periods in which timing differences reverse, based on tax rates and laws enacted or substantively

enacted 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 September 2014

66,777

Additions

7,623

At 31 August 2015

74,400

DEPRECIATION

At 1 September 2014

29,986

Charge for year

13,179

At 31 August 2015

43,165

NET BOOK VALUE

At 31 August 2015

31,235

At 31 August 2014

36,791

3.

CREDITORS

Creditors include an amount of £ 3,120 (31.8.14 - £ 5,430 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.15

31.8.14

value:

£

2

Ordinary

£1

2

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year a Director drew £102,500 from the company.

At the balance sheet date the company was owed £105,733 (2014: £3,233)

6.	RELATED PARTY DISCLOSURES

During the year, total dividends of £112,800 (2014 - £54,212) were paid to the directors .

The Director referred to in Note 14 is S Farr.

In addition during the year R Farr drew £2,963 from the company and lent the company a further

£30,000. At the balance sheet date the company owed R Farr £45,811 (2014: £18,774)

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 six) 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 Jewel Windows Limited for the year ended 31 August 2015 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Jewel 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 Jewel Windows Limited and state those matters that we have agreed to state to the Board of Directors of Jewel Windows Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. 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 Jewel 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 profit of Jewel Windows Limited. You consider that Jewel 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 Jewel 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.

PKB UK LLP

Chartered Certified Accountants

Beechey House

87 Church Street

Crowthorne

Berkshire

RG45 7AW

31 May 2016