Ambassador Window Systems Limited - Accounts to registrar - small 17.2

Ambassador Window Systems Limited - Accounts to registrar - small 17.2

AMBASSADOR WINDOW SYSTEMS LIMITED - Company Information

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REGISTERED NUMBER: 05814826 (England and Wales)














AMBASSADOR WINDOW SYSTEMS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017





Dexter & Sharpe
Chartered Certified Accountants
The Old Vicarage
Church Close
Boston
Lincolnshire
PE21 6NA








AMBASSADOR WINDOW SYSTEMS LIMITED (REGISTERED NUMBER: 05814826)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2017










Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


AMBASSADOR WINDOW SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2017







DIRECTORS: S L Hedison
Mrs D Hedison
B Hedison





SECRETARY: S L Hedison





REGISTERED OFFICE: Holly Road
Skegness
Lincolnshire
PE25 3TE





REGISTERED NUMBER: 05814826 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe
Chartered Certified Accountants
The Old Vicarage
Church Close
Boston
Lincolnshire
PE21 6NA
Page 1
AMBASSADOR WINDOW SYSTEMS LIMITED (REGISTERED NUMBER: 05814826)

ABRIDGED BALANCE SHEET
30 JUNE 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 358,586 368,798

CURRENT ASSETS
Stocks 46,610 35,680
Debtors 66,392 96,294
Cash at bank and in hand 88,018 88,809
201,020 220,783
CREDITORS
Amounts falling due within one year 195,795 176,060
NET CURRENT ASSETS 5,225 44,723
TOTAL ASSETS LESS CURRENT
LIABILITIES
363,811
413,521

CREDITORS
Amounts falling due after more than one
year
(124,111
)
(128,436
)

PROVISIONS FOR LIABILITIES (10,430 ) (12,508 )
NET ASSETS 229,270 272,577

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 229,170 272,477
SHAREHOLDERS' FUNDS 229,270 272,577

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

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.

The notes form part of these financial statements

Page 2 continued...
AMBASSADOR WINDOW SYSTEMS LIMITED (REGISTERED NUMBER: 05814826)

ABRIDGED BALANCE SHEET - continued
30 JUNE 2017


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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 18 September 2017 and were signed on its behalf
by:





S L Hedison - Director


The notes form part of these financial statements

Page 3
AMBASSADOR WINDOW SYSTEMS LIMITED (REGISTERED NUMBER: 05814826)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2017


1. STATUTORY INFORMATION

Ambassador Window Systems Limited 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.
Freehold property - 2% on cost
Plant and machinery - at variable rates on reducing balance
Fixtures and fittings - Straight line over 12 years
Motor vehicles - at variable rates on reducing balance
Office equipment - at variable rates on 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.

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 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.

Page 4 continued...
AMBASSADOR WINDOW SYSTEMS LIMITED (REGISTERED NUMBER: 05814826)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2017


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 11 .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2016 475,343
Additions 19,857
Disposals (4,850 )
At 30 June 2017 490,350
DEPRECIATION
At 1 July 2016 106,545
Charge for year 28,864
Eliminated on disposal (3,645 )
At 30 June 2017 131,764
NET BOOK VALUE
At 30 June 2017 358,586
At 30 June 2016 368,798

Page 5 continued...
AMBASSADOR WINDOW SYSTEMS LIMITED (REGISTERED NUMBER: 05814826)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2017


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 July 2016
and 30 June 2017 39,306
DEPRECIATION
At 1 July 2016 22,146
Charge for year 12,390
At 30 June 2017 34,536
NET BOOK VALUE
At 30 June 2017 4,770
At 30 June 2016 17,160

5. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Hire purchase contracts 33,522 30,408

Page 6