Tim Allen Windows Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04822494 (England and Wales)

TIM ALLEN WINDOWS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2018

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

T L Allen

S L Allen

Mrs L Allen

REGISTERED OFFICE:

9 Byford Court

Crockatt Road

Hadleigh

Ipswich

Suffolk

IP7 6RD

REGISTERED NUMBER:

04822494 (England and Wales)

FIXED ASSETS

Property, plant and equipment

4

21,419

27,413

CURRENT ASSETS

Stocks

346

288

Debtors

5

48,283

40,150

Cash at bank

23,188

16,378

71,817

56,816

CREDITORS

Amounts falling due within one year

6

(27,242

)

(38,136

)

NET CURRENT ASSETS

44,575

18,680

TOTAL ASSETS LESS CURRENT LIABILITIES

65,994

46,093

CREDITORS

Amounts falling due after more than one year

7

(9,432

)

(12,574

)

PROVISIONS FOR LIABILITIES

(4,070

)

(5,483

)

NET ASSETS

52,492

28,036

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

52,490

28,034

SHAREHOLDERS' FUNDS

52,492

28,036

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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.

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 25 October 2018 and were signed on its behalf by:

Mrs L Allen - Director

1.	STATUTORY INFORMATION

Tim Allen 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.

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.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2017

13,191

46,630

59,821

Additions

420

-

420

At 31 March 2018

13,611

46,630

60,241

DEPRECIATION

At 1 April 2017

8,573

23,835

32,408

Charge for year

715

5,699

6,414

At 31 March 2018

9,288

29,534

38,822

NET BOOK VALUE

At 31 March 2018

4,323

17,096

21,419

At 31 March 2017

4,618

22,795

27,413

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

4,415

3,603

Other debtors

43,868

36,547

48,283

40,150

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Hire purchase contracts

3,144

4,191

Payments on account

7,000

20,790

Trade creditors

495

1

Taxation and social security

15,105

11,726

Other creditors

1,498

1,428

27,242

38,136

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Hire purchase contracts

9,432

12,574

8.	RELATED PARTY DISCLOSURES

At the year end £41,275 (2017: £32,515) was owed to the company by the directors. The balance is

unsecured, and repayable on demand.