Outlook Windows Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03650519 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2016

FOR

OUTLOOK WINDOWS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

C A Welling

SECRETARY:

A Welling

REGISTERED OFFICE:

77 Marlowes

Hemel Hempstead

Hertfordshire

HP1 1LF

REGISTERED NUMBER:

03650519 (England and Wales)

ACCOUNTANTS:

Allan Snow

77 Marlowes

Hemel Hempstead

Hertfordshire

HP1 1LF

FIXED ASSETS

Tangible assets

2

58,464

75,885

CURRENT ASSETS

Stocks

50,700

41,125

Debtors

17,085

30,022

Cash at bank and in hand

46,339

55,156

114,124

126,303

CREDITORS

Amounts falling due within one year

72,711

96,646

NET CURRENT ASSETS

41,413

29,657

TOTAL ASSETS LESS CURRENT
LIABILITIES

99,877

105,542

CREDITORS

Amounts falling due after more than one
year

4,933

10,067

NET ASSETS

94,944

95,475

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

94,844

95,375

SHAREHOLDERS' FUNDS

94,944

95,475

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 in accordance with Section 476 of the Companies Act 2006.

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.

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 director on 24 July 2017 and were signed by:

C A Welling - 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 10% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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 November 2015

166,091

Additions

2,065

At 31 October 2016

168,156

DEPRECIATION

At 1 November 2015

90,206

Charge for year

19,486

At 31 October 2016

109,692

NET BOOK VALUE

At 31 October 2016

58,464

At 31 October 2015

75,885

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

31.10.15

value:

£

100

Ordinary

£1

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in rents is £22,500 (2015-£22,500) in respect of a property rented from C A Welling.

5.

CONTROL

The company is controlled by Mr. Colin Welling as director and shareholder.