Abbreviated Company Accounts - TRADE WINDOW SUPPLIES LIMITED

Abbreviated Company Accounts - TRADE WINDOW SUPPLIES LIMITED


Registered Number 06638072

TRADE WINDOW SUPPLIES LIMITED

Abbreviated Accounts

30 November 2015

TRADE WINDOW SUPPLIES LIMITED Registered Number 06638072

Abbreviated Balance Sheet as at 30 November 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 6,000 8,000
Tangible assets 3 7,691 3,375
13,691 11,375
Current assets
Stocks 13,100 2,500
Debtors 17,106 40,031
Cash at bank and in hand 3,994 8,839
34,200 51,370
Creditors: amounts falling due within one year (47,669) (48,201)
Net current assets (liabilities) (13,469) 3,169
Total assets less current liabilities 222 14,544
Total net assets (liabilities) 222 14,544
Capital and reserves
Called up share capital 4 3 3
Profit and loss account 219 14,541
Shareholders' funds 222 14,544
  • For the year ending 30 November 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 24 August 2016

And signed on their behalf by:
L POWNALL, Director

TRADE WINDOW SUPPLIES LIMITED Registered Number 06638072

Notes to the Abbreviated Accounts for the period ended 30 November 2015

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Plant and machinery – 15% reducing balance
Fixtures, fittings and equipment – 15% reducing balance
Motor vehicles – 25% reducing balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.

Valuation information and policy
Stock and work in progress are valued at the lower of cost and net realisable value.

2Intangible fixed assets
£
Cost
At 1 December 2014 20,000
Additions -
Disposals -
Revaluations -
Transfers -
At 30 November 2015 20,000
Amortisation
At 1 December 2014 12,000
Charge for the year 2,000
On disposals -
At 30 November 2015 14,000
Net book values
At 30 November 2015 6,000
At 30 November 2014 8,000
3Tangible fixed assets
£
Cost
At 1 December 2014 10,270
Additions 5,000
Disposals -
Revaluations -
Transfers -
At 30 November 2015 15,270
Depreciation
At 1 December 2014 6,895
Charge for the year 684
On disposals -
At 30 November 2015 7,579
Net book values
At 30 November 2015 7,691
At 30 November 2014 3,375
4Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
3Ordinary shares of £1 each 3 3