Unit 4 Double Glazing Co Ltd - Abbreviated accounts

UNIT 4 DOUBLE GLAZING COMPANY LIMITED - Company Information

Registered number

01181679

Unit 4 Double Glazing Co Ltd

Abbreviated Accounts

31 August 2014

Unit 4 Double Glazing Co Ltd
Registered number:		01181679
Abbreviated Balance Sheet
as at 31 August 2014

Notes			2014			2013
£				£
Fixed assets
Tangible assets	2		8,115			8,121

Current assets
Debtors		2,800			1,993
Cash at bank and in hand		16,429			14,484
		19,229			16,477

Creditors: amounts falling due within one year		(13,348)			(11,781)

Net current assets			5,881			4,696

Net assets			13,996			12,817

Capital and reserves
Called up share capital	3		100			100
Profit and loss account			13,896			12,717

Shareholders' funds			13,996			12,817

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



R. Elkin
Director
Approved by the board on 1 April 2015

Unit 4 Double Glazing Co Ltd
Notes to the Abbreviated Accounts
for the year ended 31 August 2014

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			25% on cost
	Motor vehicles			25% on cost

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.


2	Tangible fixed assets					£

	Cost
	At 1 September 2013					63,469
	At 31 August 2014					63,469

	Depreciation
	At 1 September 2013					55,348
	Charge for the year					6
	At 31 August 2014					55,354

	Net book value
	At 31 August 2014					8,115
	At 31 August 2013					8,121


3	Share capital	Nominal		2014		2014		2013
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100