Black Country Glazing Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 03180082 (England and Wales)

Abbreviated Accounts for the Year Ended 31 March 2016

for

Black Country Glazing Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr P I Howell

Mr J P Howell

SECRETARY:

Mr P I Howell

REGISTERED OFFICE:

10 Station Street

Cradley Heath

West Midlands

B64 6AJ

REGISTERED NUMBER:

03180082 (England and Wales)

ACCOUNTANTS:

Blythe Phillips

10C Peckingham Street

Halesowen

West Midlands

B63 3AW

FIXED ASSETS

Tangible assets

2

9,984

12,515

CURRENT ASSETS

Stocks

18,200

Debtors

39,837

40,674

Cash at bank and in hand

59,708

54,638

117,745

113,512

CREDITORS

Amounts falling due within one year

64,525

63,486

NET CURRENT ASSETS

53,220

50,026

TOTAL ASSETS LESS CURRENT
LIABILITIES

63,204

62,541

CAPITAL AND RESERVES

Called up share capital

3

66

Share premium

(23,000

)

(23,000

)

Profit and loss account

86,138

85,475

SHAREHOLDERS' FUNDS

63,204

62,541

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 6 October 2016 and were signed on its behalf by:

Mr P I Howell - Director

Mr J P Howell - 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.

Plant and machinery etc

-

25% 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

84,600

Additions

798

At 31 March 2016

85,398

DEPRECIATION

At 1 April 2015

72,085

Charge for year

3,329

At 31 March 2016

75,414

NET BOOK VALUE

At 31 March 2016

9,984

At 31 March 2015

12,515

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

66

Ordinary

£1

66

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company rents it's premises from a partnership of the directors at normal commercial rates.