Rayleigh Glass Windows & Conservatories - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01708396 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

RAYLEIGH GLASS WINDOWS & CONSERVATORIES

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Evans

REGISTERED OFFICE:

Clarence Street Chambers

32 Clarence Street

Southend-on-Sea

Essex

SS1 1BD

REGISTERED NUMBER:

01708396 (England and Wales)

ACCOUNTANTS:

A.R. Lee & Co.

Chartered Certified Accountants

Clarence Street Chambers

32 Clarence Street

Southend-on-Sea

Essex

SS1 1BD

FIXED ASSETS

Tangible assets

4

26,699

16,585

CURRENT ASSETS

Stocks

17,216

26,326

Debtors

5

27,853

11,039

Cash at bank and in hand

143,598

177,582

188,667

214,947

CREDITORS

Amounts falling due within one year

6

186,566

189,207

NET CURRENT ASSETS

2,101

25,740

TOTAL ASSETS LESS CURRENT LIABILITIES

28,800

42,325

PROVISIONS FOR LIABILITIES

4,818

2,474

NET ASSETS

23,982

39,851

CAPITAL AND RESERVES

Called up share capital

7

1,000

1,000

Retained earnings

22,982

38,851

SHAREHOLDERS' FUNDS

23,982

39,851

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 September 2018 and were signed by:

M J Evans - Director

1.	STATUTORY INFORMATION

Rayleigh Glass Windows & Conservatories 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

10% on reducing balance

Stocks

Stocks 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 stocks to their present location and condition.

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 makes employer contributions to the directors' own pension arrangements and these are charged to

the profit and loss account in the period they are made.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2016 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2017

7,973

32,247

11,417

51,637

Additions

1,886

14,496

1,521

17,903

Disposals

-

(13,640

)

-

(13,640

)

At 31 December 2017

9,859

33,103

12,938

55,900

DEPRECIATION

At 1 January 2017

5,712

25,797

3,543

35,052

Charge for year

416

4,951

939

6,306

Eliminated on disposal

-

(12,157

)

-

(12,157

)

At 31 December 2017

6,128

18,591

4,482

29,201

NET BOOK VALUE

At 31 December 2017

3,731

14,512

8,456

26,699

At 31 December 2016

2,261

6,450

7,874

16,585

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

25,921

6,614

Other debtors

1,932

4,425

27,853

11,039

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade creditors

125,097

116,645

Taxation and social security

40,528

67,072

Other creditors

20,941

5,490

186,566

189,207

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.17

31.12.16

value:

£

£

1,000

Ordinary

£1

1,000

1,000

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2017 and

31 December 2016:

31.12.17

31.12.16

£

£

M Evans

Balance outstanding at start of year

3,213

-

Amounts advanced

-

3,213

Amounts repaid

(3,213

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

3,213