Clearchoice Windows Limited - Abbreviated accounts 16.1
Clearchoice Windows Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 31st March 2016 |
| for |
| Clearchoice Windows Limited |
| Clearchoice Windows Limited (Registered number: 05325614) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31st March 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Clearchoice Windows Limited |
| Company Information |
| for the Year Ended 31st March 2016 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Clearchoice Windows Limited (Registered number: 05325614) |
| Abbreviated Balance Sheet |
| 31st March 2016 |
| 31.3.16 | 31.3.15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| Clearchoice Windows Limited (Registered number: 05325614) |
| Abbreviated Balance Sheet - continued |
| 31st March 2016 |
| The financial statements were approved by the director on |
| Clearchoice Windows Limited (Registered number: 05325614) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31st March 2016 |
| 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 has been written off over it's |
| estimated useful life. |
| Tangible fixed assets |
| Freehold Property - 2% On cost |
| Plant & Machinery - 25% Reducing balance |
| Fixtures & Fittings - 25% Reducing balance |
| Motor Vehicles - 25% 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 material timing differences that have originated but not reversed at the |
| balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay |
| more, or a right to pay less or to receive more tax, with the following exceptions: |
| Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed |
| assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent |
| that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However no |
| provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not |
| that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement |
| assets are sold. |
| Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that |
| there will be suitable profits from which the future reversal of the underlying timing differences can be deducted. |
| Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in |
| which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance |
| sheet date. |
| Clearchoice Windows Limited (Registered number: 05325614) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31st March 2016 |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st April 2015 |
| and 31st March 2016 |
| AMORTISATION |
| At 1st April 2015 |
| and 31st March 2016 |
| NET BOOK VALUE |
| At 31st March 2016 |
| At 31st March 2015 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st April 2015 |
| Additions |
| At 31st March 2016 |
| DEPRECIATION |
| At 1st April 2015 |
| Charge for year |
| At 31st March 2016 |
| NET BOOK VALUE |
| At 31st March 2016 |
| At 31st March 2015 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.3.16 | 31.3.15 |
| value: | £ | £ |
| Ordinary | £1 |
| Clearchoice Windows Limited (Registered number: 05325614) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31st March 2016 |
| 5. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31st March 2016 and |
| 31st March 2015: |
| 31.3.16 | 31.3.15 |
| £ | £ |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year | ( |
) | ( |
) |
| As at the balance sheet date the company owed the director Mr C Hingston £3,661 (£6,101- 2015) |