Alan Joy Windows Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 03761837 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2017

FOR

ALAN JOY WINDOWS LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A P Hemmings

K J Lewis

R J Davis

I Dowell

REGISTERED OFFICE:

541 Outmarsh

Semington

Trowbridge

Wiltshire

BA14 6JX

REGISTERED NUMBER:

03761837 (England and Wales)

ACCOUNTANTS:

Graham Barber Accountancy Limited

4 Beaufort West

Bath

BA1 6QB

BANKERS:

HSBC Bank plc

45 Milsom Street

Bath

BA1 1DU

FIXED ASSETS

Tangible assets

4

162,483

114,525

CURRENT ASSETS

Stocks

40,531

55,260

Debtors

304,491

274,803

Cash at bank and in hand

95,199

49,346

440,221

379,409

CREDITORS

Amounts falling due within one year

350,605

347,679

NET CURRENT ASSETS

89,616

31,730

TOTAL ASSETS LESS CURRENT LIABILITIES

252,099

146,255

CREDITORS

Amounts falling due after more than one year

(20,244

)

(4,185

)

PROVISIONS FOR LIABILITIES

(18,040

)

(9,925

)

NET ASSETS

213,815

132,145

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

212,815

131,145

SHAREHOLDERS' FUNDS

213,815

132,145

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 27 April 2018 and were signed on its behalf by:

A P Hemmings - Director

1.	STATUTORY INFORMATION

Alan Joy Windows 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.

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.

Short leasehold

-

10% on cost

Fixtures and fittings

-

20% on reducing balance and 10% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

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 9 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2016

281,737

Additions

99,701

Disposals

(73,718

)

At 30 April 2017

307,720

DEPRECIATION

At 1 May 2016

167,212

Charge for year

39,543

Eliminated on disposal

(61,518

)

At 30 April 2017

145,237

NET BOOK VALUE

At 30 April 2017

162,483

At 30 April 2016

114,525

5.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Hire purchase contracts

39,953

23,096

The hire purchase debt is secured on the assets financed.

6.	OTHER FINANCIAL COMMITMENTS

At 30 April 2017 the company had total commitments under non-cancellable operating leases over the remaining

life of those leases of £6,781 (2016 £9,174).

7.	RELATED PARTY DISCLOSURES

The company owned by the parent company, Esse Quam Videri Limited, registered in England & Wales with the

same registered office as this company.. Management charges of £nil (2016 £18,000)) and rent £40,000 (2016

£35,625) were paid to Esse Quam Videri Limited.

At the year end the following intercompany balances were in existence:

Owed by Esse Quam Videri £130,711 (2016 - £130,712).