Company Registration No. 02790097 (England and Wales)
Anchor Window Systems Limited
Unaudited accounts
for the year ended 28 February 2018
Anchor Window Systems Limited
Unaudited accounts
Contents
Anchor Window Systems Limited
Company Information
for the year ended 28 February 2018
Directors
Susan Abbey
Anthony Michael Abbey
Company Number
02790097 (England and Wales)
Registered Office
Anchor Villa
Wood Lane
Little Ellingham
Norfolk
NR17 1JX
Accountants
Ace Tax and Bookkeeping Solutions
10 Maple Close
Yaxley
Eye
Suffolk
IP23 8DQ
Anchor Window Systems Limited
Statement of financial position
as at
28 February 2018
Tangible assets
13,108
25,677
Cash at bank and in hand
5,610
10,083
Creditors: amounts falling due within one year
(10,020)
(3,667)
Net current assets
9,608
12,654
Total assets less current liabilities
22,716
38,331
Provisions for liabilities
Deferred tax
(3,478)
(4,879)
Called up share capital
2
2
Profit and loss account
19,236
33,450
Shareholders' funds
19,238
33,452
For the year ending 28 February 2018 the company was entitled to exemption from audit 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 the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 26 November 2018.
Susan Abbey
Director
Company Registration No. 02790097
Anchor Window Systems Limited
Notes to the Accounts
for the year ended 28 February 2018
Anchor Window Systems Limited is a private company, limited by shares, registered in England and Wales, registration number 02790097. The registered office is Anchor Villa, Wood Lane, Little Ellingham, Norfolk, NR17 1JX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities and the companies act 2006. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on reducing balance
Motor vehicles
25% on reducing balance
Stocks have been valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items
Taxation for the year compromises 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.
Anchor Window Systems Limited
Notes to the Accounts
for the year ended 28 February 2018
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.
4
Tangible fixed assets
Total
At 28 February 2018
63,026
Charge for the year
3,820
At 28 February 2018
49,918
At 28 February 2018
13,108
At 28 February 2017
25,677
5
Share capital
2018
2017
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
6
Average number of employees
During the year the average number of employees was 2 (2017: 2).