|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
|
FOR |
|
SHAWS GLASS LIMITED |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
|
FOR |
|
SHAWS GLASS LIMITED |
SHAWS GLASS LIMITED (REGISTERED NUMBER: 02510330) |
|
|
|
|
|
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 3 |
|
SHAWS GLASS LIMITED |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
The Old Casino |
28 Fourth Avenue |
Hove |
East Sussex |
BN3 2PJ |
SHAWS GLASS LIMITED (REGISTERED NUMBER: 02510330) |
|
BALANCE SHEET |
30 SEPTEMBER 2016 |
|
2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
|
|
Tangible assets | 5 |
|
|
|
|
|
CURRENT ASSETS |
Stocks | 6 |
|
|
Debtors | 7 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 8 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
PROVISIONS FOR LIABILITIES |
|
|
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
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. |
|
|
|
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
|
|
|
|
|
|
|
|
SHAWS GLASS LIMITED (REGISTERED NUMBER: 02510330) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
|
1. | STATUTORY INFORMATION |
|
Shaws Glass Limited is a
|
registered number and registered office address can be found on the Company Information page. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
Turnover represents sales of goods and services net of VAT. Turnover is recognised when the goods are |
physically delivered to the customer, except in respect of service contracts where turnover is recognised at the |
point the customer is entitled to consideration. |
|
Goodwill |
Goodwill, represents the amount paid in connection with the acquisition of the business, the cost of which has |
been written off evenly over its estimated useful life during previous accounting periods. |
|
Tangible fixed assets |
|
Freehold property | - |
|
Plant and machinery | - |
|
Fixtures and fittings | - |
|
Motor vehicles | - |
|
Computer equipment | - |
|
|
Stocks |
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance |
for obsolete and slow moving items. |
|
Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
|
Deferred tax |
Deferred taxation is provided in full on timing differences which represent a liability at the balance sheet date, at |
rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from |
the inclusion of items of income and expenditure in taxation computations in periods different from those in |
which they are included in financial statements. Deferred tax is not provided on timing differences arising from |
the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities |
are not discounted. |
|
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
|
SHAWS GLASS LIMITED (REGISTERED NUMBER: 02510330) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
|
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 October 2015 |
and 30 September 2016 |
|
AMORTISATION |
At 1 October 2015 |
and 30 September 2016 |
|
NET BOOK VALUE |
At 30 September 2016 |
|
At 30 September 2015 |
|
|
5. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | Plant and | and |
property | machinery | fittings |
£ | £ | £ |
COST |
At 1 October 2015 |
|
|
|
Additions |
|
|
|
At 30 September 2016 |
|
|
|
DEPRECIATION |
At 1 October 2015 |
|
|
|
Charge for year |
|
|
|
Eliminated on disposal |
|
|
|
At 30 September 2016 |
|
|
|
NET BOOK VALUE |
At 30 September 2016 |
|
|
|
At 30 September 2015 |
|
|
|
|
Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1 October 2015 |
|
|
|
Additions |
|
|
|
Disposals | ( |
) |
|
( |
) |
At 30 September 2016 |
|
|
|
DEPRECIATION |
At 1 October 2015 |
|
|
|
Charge for year |
|
|
|
Eliminated on disposal | ( |
) |
|
( |
) |
At 30 September 2016 |
|
|
|
NET BOOK VALUE |
At 30 September 2016 |
|
|
|
At 30 September 2015 |
|
|
|
SHAWS GLASS LIMITED (REGISTERED NUMBER: 02510330) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
|
6. | STOCKS |
2016 | 2015 |
£ | £ |
Stocks |
|
|
Work-in-progress |
|
|
|
|
|
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
Directors' current accounts | 535 | 583 |
Prepayments |
|
|
|
|
|
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Bank loans and overdrafts |
|
|
Trade creditors |
|
|
Tax |
|
|
Social security and other taxes |
|
|
VAT | 35,076 | 27,436 |
Other creditors |
|
|
Directors' current accounts | 27,904 | 29,629 |
Accrued expenses |
|
|
|
|
|
9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
|
The following advances and credits to a director subsisted during the years ended 30 September 2016 and |
30 September 2015: |
|
2016 | 2015 |
£ | £ |
|
Balance outstanding at start of year |
|
( |
) |
Amounts advanced |
|
|
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
|
|
|
This balance represented the maximum amount outstanding during the year and the loan is interest free and |
repayable on demand. |
|
During the year, P Cunningham decreased his loan to the company. As at 30 September 2016, the company |
owed him £5,237 (2015: £6,047). |
|
During the year, M J Cunningham decreased his loan to the company. As at 30 September 2016, the company |
owed him £22,666 (2015: £23,582). This balance represented the maximum amount outstanding during the year |
and the loan is interest free and repayable on demand. |
|
10. | RELATED PARTY DISCLOSURES |
|
During the year, total dividends of £89,464 were paid to the directors . |
SHAWS GLASS LIMITED (REGISTERED NUMBER: 02510330) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
|
11. | ULTIMATE CONTROLLING PARTY |
|
The ultimate controlling party is
|
|
|