CLEARVIEW GLASS LIMITED - Abbreviated accounts 16.1

REGISTERED NUMBER: 04211063 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2016

for

CLEARVIEW GLASS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R D Baker

S J Macfarlane

SECRETARY:

Mrs L Baker

REGISTERED OFFICE:

Moushill Rough,

Portsmouth Road,

Milford

Godalming

Surrey

GU8 5BL

REGISTERED NUMBER:

04211063 (England and Wales)

ACCOUNTANTS:

MBL Business Services Limited

Moushill Rough

Sandy Lane

Milford

Godalming

Surrey

GU8 5BL

FIXED ASSETS

Tangible assets

2

607

28

CURRENT ASSETS

Stocks

-

2,820

Debtors

15,170

4,757

Cash at bank

12,994

41,531

28,164

49,108

CREDITORS

Amounts falling due within one year

23,234

14,093

NET CURRENT ASSETS

4,930

35,015

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,537

35,043

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

5,535

35,041

SHAREHOLDERS' FUNDS

5,537

35,043

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 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 30 September 2016 and were signed on its behalf
by:

R D Baker - Director

S J Macfarlane - 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.

Tangible fixed assets

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

Furniture

-

10% on cost

Motor vehicles

-

25% on cost

Office equipmt

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

17,534

Additions

879

At 31 May 2016

18,413

DEPRECIATION

At 1 June 2015

17,506

Charge for year

300

At 31 May 2016

17,806

NET BOOK VALUE

At 31 May 2016

607

At 31 May 2015

28

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

2

Ordinary

£1

2