Atherstone Glass & Glazing Co Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 05103076 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2018

for

Atherstone Glass & Glazing Co Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

6

DIRECTORS:

A Wilkes

Mrs J Wilkes

SECRETARY:

Mrs L Wilkes

REGISTERED OFFICE:

The Willows

Quaker Close

Fenny Drayton

Warwickshire

CV13 6BS

REGISTERED NUMBER:

05103076 (England and Wales)

ACCOUNTANTS:

Screatons Ltd

Former Atherstone College

Ratcliffe Road

Atherstone

Warwickshire

CV9 1LF

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

184,641

178,735

184,641

178,735

CURRENT ASSETS

Stocks

5,000

Debtors

6

231,444

222,589

Cash at bank

85,323

81,239

321,767

308,828

CREDITORS

Amounts falling due within one year

7

71,780

105,833

NET CURRENT ASSETS

249,987

202,995

TOTAL ASSETS LESS CURRENT
LIABILITIES

434,628

381,730

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

434,627

381,729

SHAREHOLDERS' FUNDS

434,628

381,730

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 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 19 October 2018 and were signed on its behalf by:

A Wilkes - Director

1.	STATUTORY INFORMATION

Atherstone Glass & Glazing Co 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 6 (2017 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

Goodwill

licences

Totals

£

COST

At 1 May 2017

and 30 April 2018

10,000

25,000

35,000

AMORTISATION

At 1 May 2017

and 30 April 2018

10,000

25,000

35,000

NET BOOK VALUE

At 30 April 2018

-

At 30 April 2017

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

COST

At 1 May 2017

155,000

71,721

2,369

At 30 April 2018

155,000

71,721

2,369

DEPRECIATION

At 1 May 2017

-

65,560

1,806

Charge for year

-

1,540

141

At 30 April 2018

-

67,100

1,947

NET BOOK VALUE

At 30 April 2018

155,000

4,621

422

At 30 April 2017

155,000

6,161

563

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 May 2017

58,569

3,051

290,710

Additions

15,594

192

15,786

At 30 April 2018

74,163

3,243

306,496

DEPRECIATION

At 1 May 2017

42,283

2,326

111,975

Charge for year

7,970

229

9,880

At 30 April 2018

50,253

2,555

121,855

NET BOOK VALUE

At 30 April 2018

23,910

688

184,641

At 30 April 2017

16,286

725

178,735

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

Trade debtors

52,866

78,709

Other debtors

80

Intercompany debtor

178,498

143,800

231,444

222,589

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

Trade creditors

7,138

13,722

Tax

12,950

20,342

Social security and other taxes

565

VAT

18,582

16,231

Other creditors

20,449

8,588

Directors' current accounts

10,987

45,308

Accrued expenses

1,109

1,077

71,780

105,833

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2018 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Screatons Ltd

Former Atherstone College

Ratcliffe Road

Atherstone

Warwickshire

CV9 1LF

19 October 2018