Abbreviated Company Accounts - PEERLESS WINDOWS SALES LIMITED

Abbreviated Company Accounts - PEERLESS WINDOWS SALES LIMITED

PEERLESS WINDOWS SALES LIMITED - Company Information

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Registered Number 02698641

PEERLESS WINDOWS SALES LIMITED

Abbreviated Accounts

31 March 2014

PEERLESS WINDOWS SALES LIMITED Registered Number 02698641

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 1 1
Tangible assets 3 29,085 14,869
29,086 14,870
Current assets
Stocks - 9,923
Debtors 51,228 17,667
Cash at bank and in hand 160,821 114,261
212,049 141,851
Creditors: amounts falling due within one year (166,906) (134,598)
Net current assets (liabilities) 45,143 7,253
Total assets less current liabilities 74,229 22,123
Total net assets (liabilities) 74,229 22,123
Capital and reserves
Called up share capital 100 100
Profit and loss account 74,129 22,023
Shareholders' funds 74,229 22,123
  • For the year ending 31 March 2014 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 21 August 2014

And signed on their behalf by:
A P Holloway, Director

PEERLESS WINDOWS SALES LIMITED Registered Number 02698641

Notes to the Abbreviated Accounts for the period ended 31 March 2014

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 April 2008.

Turnover policy
Turnover comprises the value of sales excluding value added tax and trade discounts.

Tangible assets depreciation 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 basis
Furniture and equipment: 15% per annum reducing balance basis
Fixtures and fittings: 10% per annum reducing balance basis
Computer equipment: 25% per annum reducing balance basis

2Intangible fixed assets
£
Cost
At 1 April 2013 2,692
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2014 2,692
Amortisation
At 1 April 2013 2,691
Charge for the year -
On disposals -
At 31 March 2014 2,691
Net book values
At 31 March 2014 1
At 31 March 2013 1
3Tangible fixed assets
£
Cost
At 1 April 2013 47,757
Additions 20,877
Disposals -
Revaluations -
Transfers -
At 31 March 2014 68,634
Depreciation
At 1 April 2013 32,888
Charge for the year 6,661
On disposals -
At 31 March 2014 39,549
Net book values
At 31 March 2014 29,085
At 31 March 2013 14,869