Company Registration No. 05665961 (England and Wales)
THE LONDON SASH WINDOW COMPANY LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2015
THE LONDON SASH WINDOW COMPANY LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
THE LONDON SASH WINDOW COMPANY LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 JANUARY 2015
31 January 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
39,301
23,488
Current assets
Stocks
31,500
30,000
Debtors
163,070
125,159
Cash at bank and in hand
1
33,127
194,571
188,286
Creditors: amounts falling due within one year
(257,345)
(231,061)
Net current liabilities
(62,774)
(42,775)
Total assets less current liabilities
(23,473)
(19,287)
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
(23,474)
(19,288)
Shareholders' funds
(23,473)
(19,287)
For the financial year ended 31 January 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 3 August 2015
S Pavey
Director
Company Registration No. 05665961
THE LONDON SASH WINDOW COMPANY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
25% reducing balance
Motor vehicles
25% straight line
1.5
Stock
Stock is valued at the lower of cost and net realisable value.
THE LONDON SASH WINDOW COMPANY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2015
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 February 2014
87,302
Additions
34,199
At 31 January 2015
121,501
Depreciation
At 1 February 2014
63,813
Charge for the year
18,387
At 31 January 2015
82,200
Net book value
At 31 January 2015
39,301
At 31 January 2014
23,488
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1 Ordinary Shares of £1 each
1
1