1st Call Glass Care Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 05005825 (England and Wales)

1st Call Glass Care Ltd

Unaudited Financial Statements

for the Year Ended

31 December 2016

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

8

DIRECTORS:

Mrs J E Cooper

S A Didwell

D R Woods

SECRETARY:

Mrs J E Cooper

REGISTERED OFFICE:

97 Yarmouth Road

Norwich

Norfolk

NR7 0HF

BUSINESS ADDRESS:

13 Tusting Close

Norwich

Norfolk

NR7 8TD

REGISTERED NUMBER:

05005825 (England and Wales)

ACCOUNTANTS:

Haines Watts

Chartered Accountants

97 Yarmouth Road

Norwich

Norfolk

NR7 0HF

FIXED ASSETS

Tangible assets

4

12,594

14,778

CURRENT ASSETS

Stocks

1,250

1,500

Debtors

5

52,211

93,339

Cash at bank

70,804

15,438

124,265

110,277

CREDITORS

Amounts falling due within one year

6

71,553

68,869

NET CURRENT ASSETS

52,712

41,408

TOTAL ASSETS LESS CURRENT LIABILITIES

65,306

56,186

CREDITORS

Amounts falling due after more than one year

7

-

(4,708

)

PROVISIONS FOR LIABILITIES

9

(2,393

)

(2,956

)

NET ASSETS

62,913

48,522

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

62,813

48,422

SHAREHOLDERS' FUNDS

62,913

48,522

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 18 September 2017 and were signed on its behalf by:

D R Woods - Director

1.	STATUTORY INFORMATION

1st Call Glass Care Ltd 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

10% on cost

Plant and machinery

-

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under

finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital

element of the future payments is treated as a liability.

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 4 .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST

At 1 January 2016

846

48,340

49,186

Additions

-

1,535

1,535

At 31 December 2016

846

49,875

50,721

DEPRECIATION

At 1 January 2016

846

33,562

34,408

Charge for year

-

3,719

3,719

At 31 December 2016

846

37,281

38,127

NET BOOK VALUE

At 31 December 2016

-

12,594

12,594

At 31 December 2015

-

14,778

14,778

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 January 2016

25,050

Transfer to ownership

(19,200

)

At 31 December 2016

5,850

DEPRECIATION

At 1 January 2016

17,125

Charge for year

463

Transfer to ownership

(13,125

)

At 31 December 2016

4,463

NET BOOK VALUE

At 31 December 2016

1,387

At 31 December 2015

7,925

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

51,551

79,429

Other debtors

-

3,217

Directors' current accounts

114

10,188

Prepayments

546

505

52,211

93,339

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Hire purchase contracts

1,232

6,259

Trade creditors

8,906

14,658

Corporation tax

21,663

20,730

Social security and other taxes

4,823

5,101

VAT

16,324

15,418

Other creditors

-

3,056

Directors' current accounts

16,955

2,147

Accrued expenses

1,650

1,500

71,553

68,869

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Hire purchase contracts

-

4,708

8.	SECURED DEBTS

The following secured debts are included within creditors:

2016

2015

£

£

Hire purchase contracts

1,232

10,967

9.	PROVISIONS FOR LIABILITIES

2016

2015

£

£

Deferred tax

2,393

2,956

Deferred

tax

£

Balance at 1 January 2016

2,956

Credit to Income Statement during year

(563

)

Balance at 31 December 2016

2,393

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Retained

earnings

£

At 1 January 2016

48,422

Profit for the year

83,778

Dividends

(69,387

)

At 31 December 2016

62,813

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2016 and

31 December 2015:

2016

2015

£

£

D R Woods

Balance outstanding at start of year

10,074

8,960

Amounts advanced

766

1,664

Amounts repaid

(11,050

)

(550

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(210

)

10,074

S A Didwell

Balance outstanding at start of year

113

113

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

113

113

There are no fixed repayment terms or interest being charged.

13.	RELATED PARTY DISCLOSURES

During the year, total dividends of £58,887 were paid to the directors .

Included in other creditors is £6,244 (2015: £2,147) payable to director Mrs J E Cooper. This is interest free

and there are no fixed repayment terms.

14.	ULTIMATE CONTROLLING PARTY

Mrs J E Cooper and D R Woods jointly control the company by virtue of there shareholdings.