The Windscreen Company Ltd - Accounts to registrar - small 17.1.1

The Windscreen Company Ltd - Accounts to registrar - small 17.1.1


IRIS Accounts Production v17.1.1.60 03545701 director 1.1.16 31.12.16 31.12.16 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure035457012015-12-31035457012016-12-31035457012016-01-012016-12-31035457012014-12-31035457012015-01-012015-12-31035457012015-12-3103545701ns15:EnglandWales2016-01-012016-12-3103545701ns14:PoundSterling2016-01-012016-12-3103545701ns10:Director12016-01-012016-12-3103545701ns10:PrivateLimitedCompanyLtd2016-01-012016-12-3103545701ns10:SmallEntities2016-01-012016-12-3103545701ns10:AuditExempt-NoAccountantsReport2016-01-012016-12-3103545701ns10:SmallCompaniesRegimeForDirectorsReport2016-01-012016-12-3103545701ns10:SmallCompaniesRegimeForAccounts2016-01-012016-12-3103545701ns10:FullAccounts2016-01-012016-12-3103545701ns10:RegisteredOffice2016-01-012016-12-3103545701ns5:CurrentFinancialInstruments2016-12-3103545701ns5:CurrentFinancialInstruments2015-12-3103545701ns5:Non-currentFinancialInstruments2016-12-3103545701ns5:Non-currentFinancialInstruments2015-12-3103545701ns5:ShareCapital2016-12-3103545701ns5:ShareCapital2015-12-3103545701ns5:RetainedEarningsAccumulatedLosses2016-12-3103545701ns5:RetainedEarningsAccumulatedLosses2015-12-3103545701ns5:PlantMachinery2016-01-012016-12-3103545701ns5:FurnitureFittings2016-01-012016-12-3103545701ns5:MotorVehicles2016-01-012016-12-3103545701ns5:ComputerEquipment2016-01-012016-12-3103545701ns5:PlantMachinery2015-12-3103545701ns5:FurnitureFittings2015-12-3103545701ns5:MotorVehicles2015-12-3103545701ns5:ComputerEquipment2015-12-3103545701ns5:PlantMachinery2016-12-3103545701ns5:FurnitureFittings2016-12-3103545701ns5:MotorVehicles2016-12-3103545701ns5:ComputerEquipment2016-12-3103545701ns5:PlantMachinery2015-12-3103545701ns5:FurnitureFittings2015-12-3103545701ns5:MotorVehicles2015-12-3103545701ns5:ComputerEquipment2015-12-3103545701ns5:LeasedAssetsHeldAsLesseens5:MotorVehicles2015-12-3103545701ns5:LeasedAssetsHeldAsLesseens5:MotorVehicles2016-01-012016-12-3103545701ns5:LeasedAssetsHeldAsLesseens5:MotorVehicles2016-12-3103545701ns5:LeasedAssetsHeldAsLesseens5:MotorVehicles2015-12-3103545701ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-12-3103545701ns5:CurrentFinancialInstrumentsns5:WithinOneYear2015-12-31035457011ns5:Secured2016-12-31035457011ns5:Secured2015-12-3103545701ns5:Secured2016-12-3103545701ns5:Secured2015-12-3103545701ns10:Director112015-12-3103545701ns10:Director112014-12-3103545701ns10:Director112016-01-012016-12-3103545701ns10:Director112015-01-012015-12-3103545701ns10:Director112016-12-3103545701ns10:Director112015-12-31


REGISTERED NUMBER: 03545701 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2016

for

The Windscreen Company Ltd

The Windscreen Company Ltd (Registered number: 03545701)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Windscreen Company Ltd

Company Information
for the Year Ended 31 December 2016







DIRECTOR: B Hegley





REGISTERED OFFICE: 5 Tudor Works
Turret Lane
Ipswich
Suffolk
IP4 1DL





REGISTERED NUMBER: 03545701 (England and Wales)





ACCOUNTANTS: Finnigan & Co
37 Lower Brook Street
Ipswich
Suffolk
IP4 1AQ

The Windscreen Company Ltd (Registered number: 03545701)

Balance Sheet
31 December 2016

31.12.16 31.12.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 199,932 186,297

CURRENT ASSETS
Stocks 58,715 62,180
Debtors 5 320,608 310,245
Cash at bank and in hand 105,275 73,681
484,598 446,106
CREDITORS
Amounts falling due within one year 6 443,959 462,817
NET CURRENT ASSETS/(LIABILITIES) 40,639 (16,711 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

240,571

169,586

CREDITORS
Amounts falling due after more than one
year

7

(98,130

)

(108,873

)

PROVISIONS FOR LIABILITIES (37,146 ) (35,970 )
NET ASSETS 105,295 24,743

CAPITAL AND RESERVES
Called up share capital 134 134
Retained earnings 105,161 24,609
105,295 24,743

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Windscreen Company Ltd (Registered number: 03545701)

Balance Sheet - continued
31 December 2016


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 25 May 2017 and were signed by:





B Hegley - Director


The Windscreen Company Ltd (Registered number: 03545701)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

The Windscreen Company Ltd is a private company, limited by shares , registered in England and Wales. 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
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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 - 25% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or
substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

The Windscreen Company Ltd (Registered number: 03545701)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

2. ACCOUNTING POLICIES - continued

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 profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2016 39,338 3,886 238,623 13,161 295,008
Additions 14,024 - 57,795 - 71,819
Disposals - - (17,128 ) - (17,128 )
At 31 December 2016 53,362 3,886 279,290 13,161 349,699
DEPRECIATION
At 1 January 2016 39,140 3,886 52,524 13,161 108,711
Charge for year 878 - 53,895 - 54,773
Eliminated on disposal - - (13,717 ) - (13,717 )
At 31 December 2016 40,018 3,886 92,702 13,161 149,767
NET BOOK VALUE
At 31 December 2016 13,344 - 186,588 - 199,932
At 31 December 2015 198 - 186,099 - 186,297

The Windscreen Company Ltd (Registered number: 03545701)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2016 213,875
Additions 57,796
At 31 December 2016 271,671
DEPRECIATION
At 1 January 2016 38,879
Charge for year 49,497
At 31 December 2016 88,376
NET BOOK VALUE
At 31 December 2016 183,295
At 31 December 2015 174,996

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Trade debtors 279,235 292,384
Other debtors 8,712 7,958
Directors' current accounts 16,313 -
Tax 4,163 3,798
Prepayments 12,185 6,105
320,608 310,245

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Factoring 162,681 175,031
Hire purchase contracts 55,241 37,559
Trade creditors 149,624 94,818
Tax 20,151 7,023
Social security and other taxes 14,697 13,933
VAT 32,279 37,308
Other creditors 665 74,627
Credit cards 7,366 6,238
Net pay control 1,255 1,897
Directors' current accounts - 10,183
Accruals and deferred income - 4,200
443,959 462,817

The Windscreen Company Ltd (Registered number: 03545701)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.16 31.12.15
£    £   
Hire purchase contracts 98,130 108,873

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.16 31.12.15
£    £   
Factoring 162,681 175,031
Hire purchase contracts 153,371 146,432
316,052 321,463

HSBC bank hold a debenture and fixed and floating charges over all assets in relation to the overdraft and
invoice financing.

Hire purchase assets are secured on the asset to which they relate.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2016 and
31 December 2015:

31.12.16 31.12.15
£    £   
B Hegley
Balance outstanding at start of year (10,183 ) 12,190
Amounts advanced 33,746 3,000
Amounts repaid (7,250 ) (25,373 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,313 (10,183 )

10. RELATED PARTY DISCLOSURES

The company was under the control of Mr Hegley throughout the current and previous year.

Amounts owed by the Director to the company are shown in the Debtors note above.

No further transactions with related parties were undertaken such as are required to be disclosed under Financial
Reporting Standard 102 Section 1a (September 2015).