Select Windows and Glass Ltd - Accounts to registrar - small 17.2

Select Windows and Glass Ltd - Accounts to registrar - small 17.2

SELECT WINDOWS AND GLASS LTD - Company Information

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REGISTERED NUMBER: 09962422 (England and Wales)












Unaudited Financial Statements

for the Period

21 January 2016 to 31 March 2017

for

Select Windows and Glass Ltd

Select Windows and Glass Ltd (Registered number: 09962422)






Contents of the Financial Statements
for the Period 21 January 2016 to 31 March 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Select Windows and Glass Ltd

Company Information
for the Period 21 January 2016 to 31 March 2017







DIRECTOR: Mr R Wilson





REGISTERED OFFICE: Unit A11 Stonehills
Shields Road
Gateshead
Tyne and Wear
NE10 0HW





REGISTERED NUMBER: 09962422 (England and Wales)





ACCOUNTANTS: RHK Business Advisers LLP
Chartered Accountants
and Business Advisers
Coburg House
1 Coburg Street
Gateshead
Tyne & Wear
NE8 1NS
Page 1
Select Windows and Glass Ltd (Registered number: 09962422)

Balance Sheet
31 March 2017

Notes £    £   
FIXED ASSETS
Tangible assets 5 63,741
63,741

CURRENT ASSETS
Stocks 8,000
Debtors 6 113,041
Cash at bank 32,823
153,864
CREDITORS
Amounts falling due within one year 7 197,417
NET CURRENT LIABILITIES (43,553 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
20,188

CREDITORS
Amounts falling due after more than one
year
8
(6,249
)

PROVISIONS FOR LIABILITIES (3,858 )
NET ASSETS 10,081

CAPITAL AND RESERVES
Called up share capital 100
Profit and loss account 9,981
SHAREHOLDERS' FUNDS 10,081

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2017 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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 20 September 2017 and were signed by:





Mr R Wilson - Director


The notes form part of these financial statements

Page 2
Select Windows and Glass Ltd (Registered number: 09962422)

Notes to the Financial Statements
for the Period 21 January 2016 to 31 March 2017

1. STATUTORY INFORMATION

Select Windows and Glass 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for sale of goods and
services in the ordinary nature of the business, being the manufacture of windows, doors and associated
products.

Turnover is shown net of Value Added Tax, of goods and services provided to customers. The company
recognises revenue when goods have been delivered to customers such that the risks and rewards of
ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
losses.

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those
assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable
amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable
amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss
is recognised immediately in profit and loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised
estimate of its recoverable amount, but not in excess of the amount that would have been determined had no
impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised
immediately in profit or loss.

Stocks
Stocks are measured at the lower of cost and estimated selling price less cost to complete and sell. Cost is
calculated on a first in, first out basis and includes all costs of purchase, costs of conversion and other costs
incurred in bringing the stock to their present location and condition.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial
assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third
parties, loans to and from related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting
period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss
is recognised in profit or loss.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,
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.


Page 3 continued...
Select Windows and Glass Ltd (Registered number: 09962422)

Notes to the Financial Statements - continued
for the Period 21 January 2016 to 31 March 2017

3. ACCOUNTING POLICIES - continued
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 period 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.

Employee benefits
Short term employee benefits are recognised as an expense in the period in which they are incurred.

Hire purchase commitments
Assets obtained under hire purchase contracts are capitalised in the balance sheet and depreciated over their
estimated useful lives.

The interest element of these obligations is charged to profit an loss over the relevant period. The capital
element of the future payments is treated as a liability.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 11 .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 76,393
At 31 March 2017 76,393
DEPRECIATION
Charge for period 12,652
At 31 March 2017 12,652
NET BOOK VALUE
At 31 March 2017 63,741

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 93,419
Other debtors 19,622
113,041

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Hire purchase contracts 4,999
Trade creditors 48,826
Taxation and social security 20,022
Other creditors 123,570
197,417

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Hire purchase contracts 6,249

Page 4 continued...
Select Windows and Glass Ltd (Registered number: 09962422)

Notes to the Financial Statements - continued
for the Period 21 January 2016 to 31 March 2017

9. SECURED DEBTS

The following secured debts are included within creditors:

£   
Hire purchase contracts 11,248

The obligations in respect of hire purchase contracts are secured against the assets to which they relate that
have a carrying amount of £11,874.

Page 5