| STARLIGHT DOUBLE GLAZING LIMITED |
|
| Report to the directors on the preparation of the unaudited abbreviated accounts of STARLIGHT DOUBLE GLAZING 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 abbreviated accounts of STARLIGHT DOUBLE GLAZING LIMITED (the company) for the year ended 31 December 2015 which comprise 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 on their official website at http//www.accaglobal.com. |
|
| This report is made solely to the Board of Directors of the company, (as a body). Our work has been undertaken solely to prepare for your approval the accounts of the company and state those matters that we have agreed to state to the Board of Directors of the company, 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 for our work or for this report. |
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| It is your duty to ensure that the company 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 the company. You consider that the company 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 the company. 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 abbreviated accounts. |
|
| G.E Shenton & Co. |
| Chartered Certified Accountants |
| St. Pauls House |
| North Street |
| Newcastle under Lyme |
| Staffordshire |
| ST5 1AZ |
|
| 22 September 2016 |
|
| Registered number: |
04122891 |
| STARLIGHT DOUBLE GLAZING LIMITED |
| Abbreviated Balance Sheet |
| As at 31 December 2015 |
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| FIXED ASSETS |
| Tangible assets |
2 |
|
|
7,541 |
|
|
1,509 |
|
| CURRENT ASSETS |
| Stocks |
|
|
4,750 |
|
|
7,500 |
| Debtors |
|
|
31,631 |
|
|
29,644 |
| Cash at bank and in hand |
|
|
2,273 |
|
|
15,351 |
|
|
|
|
|
|
|
|
|
|
38,654 |
|
|
52,495 |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
(44,692) |
|
|
(53,744) |
|
| NET CURRENT LIABILITIES |
|
|
|
(6,038) |
|
|
(1,249) |
|
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|
1,503 |
|
|
260 |
|
| Provisions for liabilities |
|
|
|
(1,320) |
|
|
(133) |
|
| NET ASSETS |
|
|
|
183 |
|
|
127 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
8 |
|
|
8 |
| Profit and loss account |
|
|
|
175 |
|
|
119 |
|
| SHAREHOLDERS' FUNDS |
|
|
|
183 |
|
|
127 |
|
|
|
|
|
|
|
|
| The directors are 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 directors acknowledge their 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. |
|
|
|
| MR. A. HARTSHORN |
| Director |
| Approved by the board on 20 September 2016 |
|
| STARLIGHT DOUBLE GLAZING LIMITED |
| Notes to the Abbreviated Accounts |
| For the year ended 31 December 2015 |
|
| 1 |
ACCOUNTING POLICIES |
|
|
Basis of preparation |
|
The accounts are due to receive approval and be ratified by the company's shareholders in general meeting, until which time the shareholders have the power to amend the financial statements. |
|
|
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 is provided for on all tangible fixed assets on a reducing balance basis at the following annual rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful economic life: |
|
|
Plant and machinery |
25% |
|
Office fixtures, fittings and equipment |
25% |
|
Motor vehicles |
25% |
|
|
Stocks and work in progress |
|
Stocks are stated at the directors valuation at the lower of cost and net realisable value after making adequate allowance for sub-standard, obsolete or slow-moving items. |
|
|
Work-in-progress is stated at direct cost plus an appropriate proportion of attributable overheads, based on normal levels of activity. |
|
|
Deferred taxation |
|
Provision for deferred taxation arising as a consequence of timing differences between depreciation charged in the accounts and capital allowances claimed to date is computed under the liability method. The company has not adopted a policy of discounting deferred tax assets and liabilities. |
|
|
Hire purchase and lease purchase contracts and finance leases |
|
Assets acquired under hire purchase and lease purchase contracts are capitalised and depreciated over their estimated useful economic lives. |
|
|
The interest element of those hire purchase and lease purchase contracts which are of a financing nature and the total finance charge under each finance lease are allocated to accounting periods over the period of the hire purchase contract or finance lease so as to produce a reasonable approximation to a constant periodic rate of charge on the remaining balance of the obligation for each accounting period. The interest element of other hire purchase and lease purchase contracts is charged to revenue over the period of the contract as a constant proportion of each payment. |
|
|
|
|
Operating leases and rental contracts |
|
Rentals under operating leases are charged on a straight-line basis over the lease terms. Rentals under short-term operating contracts for the use of plant and equipment are charged to revenue when incurred. |
|
|
Cash flow statement |
|
The company is exempt from the requirement of Financial Reporting Standard No.1 to produce a cash-flow statement as it is entitled to the exemptions available in the legislation for small company when filing accounts with the Registrar of Companies. |
|
|
|
| 2 |
TANGIBLE FIXED ASSETS |
£ |
|
|
Cost |
|
At 1 January 2015 |
21,658 |
|
Additions during the year |
8,778 |
|
Disposals |
(5,500) |
|
At 31 December 2015 |
24,936 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2015 |
20,149 |
|
Charge for the year |
2,514 |
|
On disposals |
(5,268) |
|
At 31 December 2015 |
17,395 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2015 |
7,541 |
|
At 31 December 2014 |
1,509 |
|
|
|
|
|
|
|
|
| 3 |
SHARE CAPITAL |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
8 |
|
8 |
|
8 |
|
|
|
|
|
|
|
|
|
