PEERLESS WINDOWS SALES LIMITED

PEERLESS WINDOWS SALES LIMITED

PEERLESS WINDOWS SALES LIMITED - Company Information

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PEERLESS WINDOWS SALES LIMITED

Company Registration Number:
02698641 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2018

Period of accounts

Start date: 01 April 2017

End date: 31 March 2018

PEERLESS WINDOWS SALES LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2018

Balance sheet
Notes

PEERLESS WINDOWS SALES LIMITED

Balance sheet

As at 31 March 2018


Notes
2018
2017


£
£
Fixed assets
Intangible assets: 3 1 1
Tangible assets: 4 30,493 26,383
Total fixed assets: 30,494 26,384
Current assets
Debtors:   19,768 46,766
Cash at bank and in hand: 128,947 197,248
Total current assets: 148,715 244,014
Creditors: amounts falling due within one year:   (111,780) (213,263)
Net current assets (liabilities): 36,935 30,751
Total assets less current liabilities: 67,429 57,135
Provision for liabilities: (5,793) (5,277)
Total net assets (liabilities): 61,636 51,858
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 61,536 51,758
Shareholders funds: 61,636 51,858

The notes form part of these financial statements

PEERLESS WINDOWS SALES LIMITED

Balance sheet statements

For the year ending 31 March 2018 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 22 August 2018
and signed on behalf of the board by:

Name: AP Holloway
Status: Director

The notes form part of these financial statements

PEERLESS WINDOWS SALES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.Revenue from the sales of goods is recognised when goods are delivered and legal title has passed.

Intangible fixed assets and amortisation policy

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less estimated residual value, over their expected useful lives on the following bases:Motor vehicles 25% per annum reducing balance basisFurniture and equipment 15% per annum reducing balance basisFixtures and fittings 10% per annum reducing balance basisComputer equipment 25% per annum reducing balance basisAt each balance sheet date, the Company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

PEERLESS WINDOWS SALES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

2. Employees

2018 2017
Average number of employees during the period 11 11

PEERLESS WINDOWS SALES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

3. Intangible Assets

Total
Cost £
At 01 April 2017 2,692
At 31 March 2018 2,692
Amortisation
At 01 April 2017 2,691
At 31 March 2018 2,691
Net book value
At 31 March 2018 1
At 31 March 2017 1

PEERLESS WINDOWS SALES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

4. Tangible Assets

Total
Cost £
At 01 April 2017 72,285
Additions 14,235
Disposals (10,561)
At 31 March 2018 75,959
Depreciation
At 01 April 2017 45,902
Charge for year 8,715
On disposals (9,151)
At 31 March 2018 45,466
Net book value
At 31 March 2018 30,493
At 31 March 2017 26,383