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1 |
Ace Glazed Products Ltd
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Registered number: |
04594259
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Abbreviated Balance Sheet |
as at 31 January 2016
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Notes |
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2016 |
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2015 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
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17,718 |
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18,006 |
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Current assets |
Stocks |
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20,268 |
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19,529 |
Debtors |
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42,036 |
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47,957 |
Cash at bank and in hand |
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12,752 |
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6,689 |
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75,056 |
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74,175 |
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Creditors: amounts falling due within one year |
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(44,394) |
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(45,655) |
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Net current assets |
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30,662 |
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28,520 |
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Net assets |
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48,380 |
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46,526 |
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Capital and reserves |
Called up share capital |
3 |
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100 |
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100 |
Profit and loss account |
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48,280 |
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46,426 |
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Shareholders' funds |
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48,380 |
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46,526 |
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The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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Members have not required the company to obtain an audit in accordance with section 476 of the Act.
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
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Mr C D Webber |
Director |
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Approved by the board on 31 October 2016
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2 |
Ace Glazed Products Ltd
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Notes to the Abbreviated Accounts |
for the year ended 31 January 2016
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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Turnover |
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Turnover represents the value, net of value added tax and discounts, of manufacturing, supplying and fitting of UPVC products.
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Depreciation |
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Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
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Plant and machinery |
10% reducing balance
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Motor vehicles |
10% reducing balance
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Stocks |
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Stock is valued at the lower of cost and net realisable value. |
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2 |
Tangible fixed assets |
£ |
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Cost |
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At 1 February 2015 |
71,604 |
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Additions |
1,680 |
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At 31 January 2016 |
73,284 |
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Depreciation |
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At 1 February 2015 |
53,598 |
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Charge for the year |
1,968 |
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At 31 January 2016 |
55,566 |
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Net book value |
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At 31 January 2016 |
17,718 |
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At 31 January 2015 |
18,006 |
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3 |
Share capital |
Nominal |
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2016 |
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2016 |
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2015 |
value |
Number |
£ |
£ |
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Allotted, called up and fully paid: |
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Ordinary shares
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£1 each |
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100 |
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100 |
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100 |
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