Angus Clinton (Windows) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: SC102837 (Scotland)

ANGUS CLINTON (WINDOWS) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Angus Clinton

Dr Michael Clinton

Alexander Clinton

SECRETARY:

Nic Ltd.

REGISTERED OFFICE:

49-50 Bayhead

Stornoway

Western Isles

HS1 2DZ

REGISTERED NUMBER:

SC102837 (Scotland)

ACCOUNTANTS:

Nicolson Accountancy

49/50 Bayhead

Stornoway

Western Isles

HS1 2DZ

FIXED ASSETS

Tangible assets

4

10,196

13,375

CURRENT ASSETS

Stocks

35,968

45,312

Debtors

5

112,324

49,203

Cash at bank

475,086

469,682

623,378

564,197

CREDITORS

Amounts falling due within one year

6

124,563

114,530

NET CURRENT ASSETS

498,815

449,667

TOTAL ASSETS LESS CURRENT LIABILITIES

509,011

463,042

CREDITORS

Amounts falling due after more than one year

7

-

1,078

NET ASSETS

509,011

461,964

CAPITAL AND RESERVES

Called up share capital

50,000

50,000

Retained earnings

9

459,011

411,964

SHAREHOLDERS' FUNDS

509,011

461,964

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 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 Board of Directors on 25 November 2017 and were signed on its behalf by:

Angus Clinton - Director

1.	STATUTORY INFORMATION

Angus Clinton (Windows) Limited is a private company, limited by shares , registered in Scotland. 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% 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.

Hire purchase and leasing commitments

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 5 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 October 2016

52,606

9,768

57,555

119,929

Impairments

-

(9,768

)

-

(9,768

)

At 30 September 2017

52,606

-

57,555

110,161

DEPRECIATION

At 1 October 2016

49,780

9,768

47,006

106,554

Charge for year

540

-

2,639

3,179

Impairments

-

(9,768

)

-

(9,768

)

At 30 September 2017

50,320

-

49,645

99,965

NET BOOK VALUE

At 30 September 2017

2,286

-

7,910

10,196

At 30 September 2016

2,826

-

10,549

13,375

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Trade debtors

112,324

49,203

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Bank loans and overdrafts

-

701

Hire purchase contracts

1,347

3,234

Trade creditors

34,948

27,996

Amounts owed to group undertakings

42,877

41,555

Taxation and social security

40,432

36,772

Other creditors

4,959

4,272

124,563

114,530

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.17

30.9.16

£

£

Hire purchase contracts

-

1,078

8.	SECURED DEBTS

The bank overdraft is secured over the assets of the company by a bond and floating charge.

9.

RESERVES

Retained

earnings

£

At 1 October 2016

411,964

Profit for the year

72,047

Dividends

(25,000

)

At 30 September 2017

459,011

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Angus Clinton (Builders Merchants) Ltd.

The ultimate controlling party is the directors, who are the shareholders in the parent company.