Westwood Blinds & Shutters Limited - Accounts to registrar - small 17.1
Westwood Blinds & Shutters Limited - Accounts to registrar - small 17.1
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 July 2016 |
| for |
| Westwood Blinds & Shutters Limited |
| Westwood Blinds & Shutters Limited (Registered number: 07319442) |
| Contents of the Financial Statements |
| for the Year Ended 31 July 2016 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Westwood Blinds & Shutters Limited |
| Company Information |
| for the Year Ended 31 July 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| 4-6 Swaby's Yard |
| Walkergate |
| Beverley |
| East Yorkshire |
| HU17 9BZ |
| Westwood Blinds & Shutters Limited (Registered number: 07319442) |
| Balance Sheet |
| 31 July 2016 |
| 2016 | 2015 |
| Notes | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Westwood Blinds & Shutters Limited (Registered number: 07319442) |
| Balance Sheet - continued |
| 31 July 2016 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| Westwood Blinds & Shutters Limited (Registered number: 07319442) |
| Notes to the Financial Statements |
| for the Year Ended 31 July 2016 |
| 1. | STATUTORY INFORMATION |
| Westwood Blinds & Shutters Limited is a |
| The company's registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Goodwill |
| Tangible fixed assets |
| 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 income tax is recognised in full, using the liability method, on temporary differences arising between |
| the tax bases of assets and liabilities and their carrying amounts in the financial statements (Accelerated capital |
| allowances). However, deferred income tax is not accounted for if it arises from initial recognition of an asset or |
| liability in a transaction other than a business combination that at the time of the transaction affects neither |
| accounting nor taxable profit nor loss. Deferred income tax is determined using tax rates (and laws) that have |
| been enacted or substantively enacted by the balance sheet date and are expected to apply when the related |
| deferred income tax asset is realised of the deferred income tax liability is settled. |
| Deferred income tax assets are recognised to the extent that it is probable that future taxable profit will be |
| available against which the temporary differences can be utilised. Probable future taxable profit is in line with |
| the Bauer Group Accounting Guidelines which states that probably future taxable profits should only be |
| recognised in line with the companies medium term forecast. |
| Deferred income tax assets and liabilities are offset when there is a legally enforceable right to offset current tax |
| liabilities and when the deferred income taxes assets and liabilities relate to income taxes levied by the same |
| taxation authority. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Westwood Blinds & Shutters Limited (Registered number: 07319442) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2016 |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 August 2015 |
| and 31 July 2016 |
| AMORTISATION |
| At 1 August 2015 |
| Charge for year |
| At 31 July 2016 |
| NET BOOK VALUE |
| At 31 July 2016 |
| At 31 July 2015 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Motor | Computer |
| machinery | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 August 2015 |
| Additions |
| At 31 July 2016 |
| DEPRECIATION |
| At 1 August 2015 |
| Charge for year |
| At 31 July 2016 |
| NET BOOK VALUE |
| At 31 July 2016 |
| At 31 July 2015 |
| Assets held on hire purchase have a net book value of £11,557, (2015: 15,409). |
| 6. | STOCKS |
| 2016 | 2015 |
| £ | £ |
| Stocks |
| Westwood Blinds & Shutters Limited (Registered number: 07319442) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2016 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Directors' current accounts | 38,064 | 25,604 |
| Prepayments |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Corporation tax |
| Social security and other |
| taxes |
| Other creditors |
| Accrued expenses |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Bank loans 1- 2 years |
| Bank loans 2- 5 years |
| Hire purchase contracts |
| 10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31 July 2016 and |
| 31 July 2015: |
| 2016 | 2015 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| 11. | RELATED PARTY DISCLOSURES |
| The company have provided the directors a loan, this loan is unsecured, interest free and repayable upon |
| demand. |