New Look Windows Holdings Limited - Period Ending 2017-05-31
New Look Windows Holdings Limited - Period Ending 2017-05-31
Registration number:
Filleted accounts
New Look Windows Holdings Limited
for the Year Ended 31 May 2017
Registered Auditors and Chartered Accountants
2 Heap Bridge
Bury
Lancashire
BL9 7HR
New Look Windows Holdings Limited
Contents
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Company Information |
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Director's Report |
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Accountants' Report |
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Balance Sheet |
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Notes to the Financial Statements |
New Look Windows Holdings Limited
Company Information
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Director |
W Lopacki |
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Registered office |
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Bankers |
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Accountants |
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Page 1 |
New Look Windows Holdings Limited
Director's Report for the Year Ended 31 May 2017
The director presents his report and the financial statements for the year ended 31 May 2017.
Director of the company
The director who held office during the year was as follows:
Small companies provision statement
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
Approved by the Board on
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W Lopacki
Director
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Page 2 |
Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
New Look Windows Holdings Limited
for the Year Ended 31 May 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of New Look Windows Holdings Limited for the year ended 31 May 2017 as set out on pages 4 to 6 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of New Look Windows Holdings Limited, as a body, in accordance with the terms of our engagement letter dated 15 December 2015. Our work has been undertaken solely to prepare for your approval the accounts of New Look Windows Holdings Limited and state those matters that we have agreed to state to the Board of Directors of New Look Windows Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than New Look Windows Holdings Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that New Look Windows Holdings Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of New Look Windows Holdings Limited. You consider that New Look Windows Holdings Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of New Look Windows Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Registered Auditors and Chartered Accountants
Bury
Lancashire
BL9 7HR
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Page 3 |
New Look Windows Holdings Limited
(Registration number: 07022169)
Balance Sheet as at 31 May 2017
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2017 |
2016 |
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Fixed assets |
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Investments |
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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For the financial year ending 31 May 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved and authorised by the
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W Lopacki
Director
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Page 4 |
New Look Windows Holdings Limited
Notes to the Financial Statements for the Year Ended 31 May 2017
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General information |
The company is a private company limited by share capital incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
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Investments in subsidiaries, joint ventures and associates |
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2017 |
2016 |
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Investments in subsidiaries |
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Page 5 |
New Look Windows Holdings Limited
Notes to the Financial Statements for the Year Ended 31 May 2017
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Subsidiaries |
£ |
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Cost or valuation |
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At 1 June 2016 |
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Provision |
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Carrying amount |
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At 31 May 2017 |
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At 31 May 2016 |
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Creditors |
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Note |
2017 |
2016 |
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Due within one year |
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Amounts due to related parties |
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Share capital |
Allotted, called up and fully paid shares
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2017 |
2016 |
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No. |
£ |
No. |
£ |
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202 |
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202 |
New shares allotted
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During the year |
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Transition to FRS 102 |
This is the first year that the company has presented its financial statements under Financial reporting Standard 102 (FRS 102) issued by the Financial Reporting Council. The last financial statements under previous UK GAAP were for the year ended 31 May 2016 and so the date of transition to FRS 102 was therefore 1 June 2016. The application of FRS 102 had no material impact on the financial statements as prepared under UK GAAP. No material transitional reclassifications or remeasurements were required.
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Page 6 |