Camberley Windows Limited - Period Ending 2015-12-31

Registration number: 07074054

Camberley Windows Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

Howard and Co
Monkhurst House Offices
Sandy Cross Lane
Heathfield
East Sussex
TN21 8QR

Camberley Windows Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Camberley Windows Limited
for the Year Ended 31 December 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Camberley Windows Limited for the year ended 31 December 2015 set out on pages 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.

It is your duty to ensure that Camberley Windows Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Camberley Windows Limited. You consider that Camberley 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 accounts of Camberley 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 accounts.

......................................

Howard and Co
Monkhurst House Offices
Sandy Cross Lane
Heathfield
East Sussex
TN21 8QR

15 September 2016

Page 1

Camberley Windows Limited
(Registration number: 07074054)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					180,460			74,310
Current assets
Stocks					2,750			500
Debtors					42,316			71,399
Cash at bank and in hand					41,443			68,398
					86,509			140,297
Creditors: Amounts falling due within one year					(165,432)			(165,512)
Net current liabilities					(78,923)			(25,215)
Total assets less current liabilities					101,537			49,095
Creditors: Amounts falling due after more than one year					(99,844)			(34,044)
Provisions for liabilities					(1,586)			(1,750)
Net assets					107			13,301
Capital and reserves
Called up share capital		4			2			2
Profit and loss account					105			13,299
Shareholders' funds					107			13,301

For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 15 September 2016

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

Camberley Windows Limited
(Registration number: 07074054)
Abbreviated Balance Sheet at 31 December 2015
......... continued

.........................................
Ian Hudson
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

Camberley Windows Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance
Motor vehicles	25% reducing balance
Office Equipment	25% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised in respect of all timing diferrences that have originated but not reversed at the balance sheet date

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 4

Camberley Windows Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2015		77,437			77,437
Additions		110,912			110,912
Disposals		(3,146)			(3,146)
At 31 December 2015		185,203			185,203
Depreciation
At 1 January 2015		3,127			3,127
Charge for the year		2,216			2,216
Eliminated on disposals		(600)			(600)
At 31 December 2015		4,743			4,743
Net book value
At 31 December 2015		180,460			180,460
At 31 December 2014		74,310			74,310

3

Creditors

Included in the creditors are the following amounts due after more than five years:

		2015 £			2014 £
After more than five years by instalments		50,018			24,247

4	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		2			2			2			2

Page 5