STARLIGHT DOUBLE GLAZING LIMITED - Filleted accounts

STARLIGHT DOUBLE GLAZING LIMITED - Company Information

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STARLIGHT DOUBLE GLAZING LIMITED

Company Information

Directors

Mr. M. O'Leary

Mr. P. Withers

Mr. A. Hartshorn

Mr. W. Almond

Secretary

Mr. M. O'Leary

Accountants

G.E Shenton & Co Ltd

St. Pauls House

North Street

Newcastle under Lyme

Staffordshire

ST5 1AZ

Registered office

Unit 4

Rosevale Road

Parkhouse Industrial Estate West

Chesterton

Newcastle

Staffordshire

ST5 7EF

Registered number

04122891

STARLIGHT DOUBLE GLAZING LIMITED
Balance Sheet
as at 31 December 2016

Notes			2016			2015
Fixed assets	£			£
Tangible assets	3		5,656			7,541

Current assets
Stocks		4,180			4,750
Debtors	4	15,881			31,631
Cash at bank and in hand		4,424			2,273

		24,485			38,654
Creditors: amounts falling due within one year	5	(28,677)			(44,692)

Net current liabilities			(4,192)			(6,038)


Total assets less current liabilities			1,464			1,503

Provisions for liabilities			(977)			(1,320)

Net assets			487			183

Capital and reserves
Called up share capital			8			8
Profit and loss account			479			175

Shareholders' funds			487			183


The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




MR. A. HARTSHORN
Director
Approved by the board on 21 September 2017

STARLIGHT DOUBLE GLAZING LIMITED
Notes to the Accounts
for the year ended 31 December 2016


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:

	Plant and machinery			25% reducing balance basis
	Office fixtures, fittings and equipment			25% reducing balance basis
	Motor vehicles			25% reducing balance basis

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.




	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2016		2015
Number							Number

	Average number of persons employed by the company					5		5


3	Tangible fixed assets
		Plant and machinery		Fixtures, fittings tools and equipment		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 January 2016	17,236		750		6,950		24,936
	At 31 December 2016	17,236		750		6,950		24,936

	Depreciation
	At 1 January 2016	10,239		728		6,428		17,395
	Charge for the year	1,749		5		131		1,885
	At 31 December 2016	11,988		733		6,559		19,280

	Net book value
	At 31 December 2016	5,248		17		391		5,656
	At 31 December 2015	6,997		22		522		7,541





4	Debtors					2016		2015
£							£

	Trade debtors					13,640		29,557
	Other debtors					2,241		2,041
	P.A.Y.E. and social security costs					-		33
						15,881		31,631


5	Creditors: amounts falling due within one year					2016		2015
£							£

	Trade creditors					17,646		29,714
	Corporation tax					4,919		5,102
	Other taxes and social security costs					1,556		5,808
	Other creditors					4,556		4,068
						28,677		44,692


6	Contingent liabilities
	There is a contingent liability for remedial work in respect of manufacturing warranties which cannot be estimated. No such liabilities had been notified at the date of the directors' report.


7	Controlling party
	The directors of the company at the Balance Sheet date each control 25% of the issued share capital of the company.


8	Other information
	STARLIGHT DOUBLE GLAZING LIMITED is a private company limited by shares and incorporated in England. Its registered office is shown on the information page.

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