Finesse Windows & Conservatories (S) Ltd - Accounts to registrar (filleted) - small 18.1
Finesse Windows & Conservatories (S) Ltd - Accounts to registrar (filleted) - small 18.1
| REGISTERED NUMBER: |
| Finesse Windows & Conservatories |
| (Southern) Limited |
| Unaudited Financial Statements for the Year Ended 31 January 2018 |
| Finesse Windows & Conservatories |
| (Southern) Limited (Registered number: 03022747) |
| Contents of the Financial Statements |
| for the Year Ended 31 January 2018 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| Finesse Windows & Conservatories |
| (Southern) Limited |
| Company Information |
| for the Year Ended 31 January 2018 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| BUSINESS ADDRESS: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 1 High Street |
| Sheerness |
| Kent |
| ME12 1NY |
| Finesse Windows & Conservatories |
| (Southern) Limited (Registered number: 03022747) |
| Statement of Financial Position |
| 31 January 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Inventories |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 9 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair Value reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Finesse Windows & Conservatories |
| (Southern) Limited (Registered number: 03022747) |
| Statement of Financial Position - continued |
| 31 January 2018 |
| 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 |
| Finesse Windows & Conservatories |
| (Southern) Limited (Registered number: 03022747) |
| Notes to the Financial Statements |
| for the Year Ended 31 January 2018 |
| 1. | STATUTORY INFORMATION |
| Finesse Windows & Conservatories (Southern) Limited is a |
| England and Wales. The company's registered number and registered office address can be found on the |
| Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Income recognition |
| Income represents the fair value of consideration received or receivable derived from the provision of goods |
| and services to customers during the year (excluding value added tax) and is recognised when the company |
| becomes entitled to it, usually on the rendering of an invoice or when goods have been delivered to customers |
| such that risks and rewards of ownership have transferred to them. |
| 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 |
| Land and buildings | - |
| Plant and machinery etc | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes |
| in fair value is recognised in profit or loss. |
| Inventories |
| Inventories and work in progress are valued at the lower of cost and net realisable value, after making due |
| allowance for obsolete and slow moving items. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in |
| bringing inventories to their present location and condition. |
| Financial instruments |
| The Company enters into basic financial instruments that result in the recognition of financial assets and |
| liabilities like trade and other accounts receivable and payable, loans to and from banks, other third parties |
| and related parties. |
| Basic financial instruments are recognised at amortised cost, with changes recognised in profit or loss. |
| Finesse Windows & Conservatories |
| (Southern) Limited (Registered number: 03022747) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| statement of financial position 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. |
| 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. |
| Warranty claims |
| Provisions for warranty claims are recognised at the date of sale of the products covered by the warranty and |
| are calculated based on historical data. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Other |
| intangible |
| Goodwill | assets | Totals |
| £ | £ | £ |
| COST |
| At 1 February 2017 |
| and 31 January 2018 |
| AMORTISATION |
| At 1 February 2017 |
| Charge for year |
| At 31 January 2018 |
| NET BOOK VALUE |
| At 31 January 2018 |
| At 31 January 2017 |
| Finesse Windows & Conservatories |
| (Southern) Limited (Registered number: 03022747) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2018 |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1 February 2017 |
| Additions |
| At 31 January 2018 |
| DEPRECIATION |
| At 1 February 2017 |
| Charge for year |
| At 31 January 2018 |
| NET BOOK VALUE |
| At 31 January 2018 |
| At 31 January 2017 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 February 2017 |
| Additions |
| Revaluations | 153,458 |
| At 31 January 2018 |
| NET BOOK VALUE |
| At 31 January 2018 |
| At 31 January 2017 |
| Fair value at 31 January 2018 is represented by: |
| £ |
| Valuation in 2018 | 1,060,000 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Finesse Windows & Conservatories |
| (Southern) Limited (Registered number: 03022747) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2018 |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 9. | PROVISIONS FOR LIABILITIES |
| 2018 | 2017 |
| £ | £ |
| Deferred tax | 81,820 | 57,784 |
| Warranty provision | 6,150 | 6,500 |
| Deferred | Warranty |
| tax | provision |
| £ | £ |
| Balance at 1 February 2017 |
| Charge/(credit) to Statement of Comprehensive Income during year | ( |
) |
| Balance at 31 January 2018 |