R & P Windows Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 04573302 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2017

for

R & P Windows Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S S G Parfitt

SECRETARY:

Mrs K Parfitt

REGISTERED OFFICE:

Unit 1

Glyntaff Sidings

Pentrebach Road

Pontypridd

CF37 4BW

REGISTERED NUMBER:

04573302 (England and Wales)

ACCOUNTANTS:

Curtis Bowden & Thomas Limited

Chartered Certified Accountants

101 Dunraven Street

Tonypandy

CF40 1AR

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

110,667

119,324

110,667

119,324

CURRENT ASSETS

Stocks

34,869

34,598

Debtors

6

40,321

52,234

Cash at bank

174,829

135,352

250,019

222,184

CREDITORS

Amounts falling due within one year

7

(256,103

)

(219,682

)

NET CURRENT (LIABILITIES)/ASSETS

(6,084

)

2,502

TOTAL ASSETS LESS CURRENT LIABILITIES

104,583

121,826

CREDITORS

Amounts falling due after more than one year

8

(29,554

)

(56,182

)

PROVISIONS FOR LIABILITIES

(21,027

)

(23,865

)

NET ASSETS

54,002

41,779

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

53,902

41,679

SHAREHOLDERS' FUNDS

54,002

41,779

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

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

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

S S G Parfitt - Director

1.	STATUTORY INFORMATION

R & P Windows 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.

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

-

12.5% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

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.

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.

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 22 (2016 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2017

and 31 December 2017

120,000

AMORTISATION

At 1 January 2017

and 31 December 2017

120,000

NET BOOK VALUE

At 31 December 2017

-

At 31 December 2016

-

This is the goodwill purchased on incorporation of the company.

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2017

172,194

14,222

62,282

3,623

252,321

Additions

3,902

-

16,725

650

21,277

At 31 December 2017

176,096

14,222

79,007

4,273

273,598

DEPRECIATION

At 1 January 2017

88,819

10,960

30,960

2,258

132,997

Charge for year

13,709

816

15,013

396

29,934

At 31 December 2017

102,528

11,776

45,973

2,654

162,931

NET BOOK VALUE

At 31 December 2017

73,568

2,446

33,034

1,619

110,667

At 31 December 2016

83,375

3,262

31,322

1,365

119,324

Included above are assets held under finance leases or hire purchase contracts amounting to £101,267 (2016 :

£112,583). The depreciation charge for the ear on these assets was £23,825. (2016 : £21,238) The outstanding

amount net of interest owed on the hire purchase agreements for these assets is £66,225 (2016 : £85,387).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

26,559

41,426

Other debtors

13,762

10,808

40,321

52,234

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Hire purchase contracts

36,671

29,205

Trade creditors

137,306

128,581

Taxation and social security

75,888

54,073

Other creditors

6,238

7,823

256,103

219,682

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.17

31.12.16

£

£

Hire purchase contracts

29,554

56,182

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.17

31.12.16

£

£

Hire purchase contracts

66,225

85,387

The hire purchase loans are secured on the assets concerned.

10.	CONTINGENT LIABILITIES

There is a 10 year warranty on windows any rectification costs cannot be quantified at this stage.