1st Choice Windows (Uk) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06582908 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st May 2017

for

1st Choice Windows (Uk) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A P Saunders

REGISTERED OFFICE:

Central Chambers

227 London Road

Hadleigh

Benfleet

Essex

SS7 2RF

REGISTERED NUMBER:

06582908 (England and Wales)

ACCOUNTANTS:

Field & Co LLP

Central Chambers

227 London Road

Hadleigh

Essex

SS7 2RF

FIXED ASSETS

Tangible assets

4

22,476

19,968

CURRENT ASSETS

Debtors

5

5,206

15,477

Cash at bank

8,628

19,895

13,834

35,372

CREDITORS

Amounts falling due within one year

6

33,123

54,692

NET CURRENT LIABILITIES

(19,289

)

(19,320

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,187

648

PROVISIONS FOR LIABILITIES

4,457

-

NET (LIABILITIES)/ASSETS

(1,270

)

648

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(1,271

)

647

SHAREHOLDERS' FUNDS

(1,270

)

648

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 19th February 2018 and were signed by:

A P Saunders - Director

1.	STATUTORY INFORMATION

1st Choice Windows (Uk) 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.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1st June 2016

9,121

18,699

4,161

31,981

Additions

-

10,000

-

10,000

At 31st May 2017

9,121

28,699

4,161

41,981

DEPRECIATION

At 1st June 2016

3,602

5,764

2,647

12,013

Charge for year

1,380

5,734

378

7,492

At 31st May 2017

4,982

11,498

3,025

19,505

NET BOOK VALUE

At 31st May 2017

4,139

17,201

1,136

22,476

At 31st May 2016

5,519

12,935

1,514

19,968

No Fixed assets are subject to finance leases or hire purchase contracts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/17

31/5/16

£

£

Trade debtors

4,358

10,931

Other debtors

848

4,546

5,206

15,477

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/17

31/5/16

£

£

Bank loans and overdrafts

390

470

Trade creditors

6,238

41,280

Taxation and social security

1,322

4,160

Other creditors

25,173

8,782

33,123

54,692

7.	ULTIMATE CONTROLLING PARTY

The controlling party is A P Saunders.