Windowtech Interframe Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06459720 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28th February 2018

for

Windowtech Interframe Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M J Southan

Mrs L Southan

SECRETARY:

Mrs L Southan

REGISTERED OFFICE:

Units 1, 2 & 9

9 Brickyard Road

Aldridge

Walsall

West Midlands

WS9 8SR

REGISTERED NUMBER:

06459720 (England and Wales)

ACCOUNTANTS:

Rice & Co Limited

Chartered Accountants

14a Market Place

Uttoxeter

Staffordshire

ST14 8HP

FIXED ASSETS

Tangible assets

4

471

629

CURRENT ASSETS

Stocks

6,860

7,120

Debtors

5

35,278

37,064

Cash in hand

4,362

3,452

46,500

47,636

CREDITORS

Amounts falling due within one year

6

60,170

64,980

NET CURRENT LIABILITIES

(13,670

)

(17,344

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(13,199

)

(16,715

)

PROVISIONS FOR LIABILITIES

5,089

5,120

NET LIABILITIES

(18,288

)

(21,835

)

CAPITAL AND RESERVES

Called up share capital

110

110

Retained earnings

(18,398

)

(21,945

)

SHAREHOLDERS' FUNDS

(18,288

)

(21,835

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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 29th November 2018 and were signed on its behalf by:

Mr M J Southan - Director

1.	STATUTORY INFORMATION

Windowtech Interframe 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

and value added tax. Turnover for trade sales is recognised upon despatch of the related goods.

Turnover for retail sales is recognised when the goods have been installed.

Tangible fixed assets

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

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.

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 5 (2017 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st March 2017

and 28th February 2018

2,423

DEPRECIATION

At 1st March 2017

1,794

Charge for year

158

At 28th February 2018

1,952

NET BOOK VALUE

At 28th February 2018

471

At 28th February 2017

629

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

6,785

7,198

Other debtors

28,493

29,866

35,278

37,064

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

4,387

4,684

Trade creditors

35,799

24,745

Taxation and social security

14,132

13,229

Other creditors

5,852

22,322

60,170

64,980

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28th February 2018

and 28th February 2017:

2018

2017

£

£

Mr M J Southan and Mrs L Southan

Balance outstanding at start of year

24,937

30,033

Amounts advanced

48,158

49,004

Amounts repaid

(45,234

)

(54,100

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

27,861

24,937

No fixed terms are set for the repayment of these advances. Interest of £1,310 (2017 - £1,235) at rates

of 3% and 2.5% (2017 - 3%) per annum was paid to the company in respect of these advances.