Architectural Windows & Glazing Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 06878247 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Architectural Windows & Glazing Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Cowen

M B Cowen

REGISTERED OFFICE:

Sunnyside Cottage

Windley Lane

Windley

Derbyshire

DE56 2LP

REGISTERED NUMBER:

06878247 (England and Wales)

ACCOUNTANTS:

Richardson Nutt Limited

7 Stadium Business Court

Millennium Way

Pride Park

Derby

DE24 8HP

FIXED ASSETS

Intangible assets

4

8,500

14,500

Tangible assets

5

59,887

31,767

68,387

46,267

CURRENT ASSETS

Stocks

14,120

11,270

Debtors

6

98,938

80,048

Cash at bank and in hand

119,282

186,576

232,340

277,894

CREDITORS

Amounts falling due within one year

7

125,299

218,542

NET CURRENT ASSETS

107,041

59,352

TOTAL ASSETS LESS CURRENT LIABILITIES

175,428

105,619

CREDITORS

Amounts falling due after more than one year

8

(7,962

)

(5,467

)

PROVISIONS FOR LIABILITIES

(9,657

)

(4,127

)

NET ASSETS

157,809

96,025

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

157,805

96,021

SHAREHOLDERS' FUNDS

157,809

96,025

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 8 December 2017 and were signed on its behalf by:

S Cowen - Director

1.	STATUTORY INFORMATION

Architectural Windows & Glazing 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

Going concern

The director's consider it appropriate to adopt the going concern assumption in the preparation of the company

accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

30,000

AMORTISATION

At 1 April 2016

15,500

Charge for year

6,000

At 31 March 2017

21,500

NET BOOK VALUE

At 31 March 2017

8,500

At 31 March 2016

14,500

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2016

5,267

51,400

1,474

58,141

Additions

950

46,108

2,108

49,166

Disposals

-

(2,000

)

-

(2,000

)

At 31 March 2017

6,217

95,508

3,582

105,307

DEPRECIATION

At 1 April 2016

1,714

23,677

983

26,374

Charge for year

676

18,217

1,192

20,085

Eliminated on disposal

-

(1,039

)

-

(1,039

)

At 31 March 2017

2,390

40,855

2,175

45,420

NET BOOK VALUE

At 31 March 2017

3,827

54,653

1,407

59,887

At 31 March 2016

3,553

27,723

491

31,767

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

86,373

74,149

Other debtors

12,565

5,899

98,938

80,048

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Hire purchase contracts

15,527

5,467

Trade creditors

74,532

83,649

Taxation and social security

28,186

55,288

Other creditors

7,054

74,138

125,299

218,542

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Hire purchase contracts

7,962

5,467

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.17

31.3.16

£

£

Hire purchase contracts

23,489

10,934

10.	OTHER FINANCIAL COMMITMENTS

There is an annual commitment under an operating lease ( property ) of £24000

11.	ULTIMATE CONTROLLING PARTY

The controlling party is M and S Cowen.