Profab Windows (UK) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05617240 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2015

FOR

PROFAB WINDOWS (UK) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J A Childs

K K H Mistry

SECRETARY:

K K H Mistry

REGISTERED OFFICE:

Thistle Down Barn

Holcot Lane

Sywell

Northants

Northamptonshire

NN6 0BG

REGISTERED NUMBER:

05617240 (England and Wales)

ACCOUNTANTS:

Elsby & Company Ltd

Thistle Down Barn

Holcot Lane

Sywell

Northants

Northamptonshire

NN6 0BG

FIXED ASSETS

Intangible assets

2

15,940

17,534

Tangible assets

3

6,583

8,058

22,523

25,592

CURRENT ASSETS

Stocks

3,048

2,387

Debtors

20,433

16,538

Cash at bank

17,444

2,638

40,925

21,563

CREDITORS

Amounts falling due within one year

61,582

45,542

NET CURRENT LIABILITIES

(20,657

)

(23,979

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,866

1,613

PROVISIONS FOR LIABILITIES

1,850

1,550

NET ASSETS

16

63

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

14

61

SHAREHOLDERS' FUNDS

16

63

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 14 April 2016 and were signed on its behalf by:

J A Childs - Director

K K H Mistry - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

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

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 December 2014

and 30 November 2015

31,880

AMORTISATION

At 1 December 2014

14,346

Amortisation for year

1,594

At 30 November 2015

15,940

NET BOOK VALUE

At 30 November 2015

15,940

At 30 November 2014

17,534

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

and 30 November 2015

44,636

DEPRECIATION

At 1 December 2014

36,578

Charge for year

1,475

At 30 November 2015

38,053

NET BOOK VALUE

At 30 November 2015

6,583

At 30 November 2014

8,058

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

2

Ordinary

£1

2