WINDOW ADVICE CENTRE LIMITED |
|
Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of WINDOW ADVICE CENTRE LIMITED for the year ended 31 March 2016 |
You consider that the company is exempt from an audit for the year ended 31 March 2016. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. |
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of WINDOW ADVICE CENTRE LIMITED for the year ended 31 March 2016 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given me. |
I have not been instructed to carry out an audit of the accounts. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the accounts. |
|
Hugh M S Cosgrove C.A. |
Chartered Accountants |
9 Carrick Road |
Bishopbriggs |
Glasgow |
G64 1EN |
|
19 August 2016 |
|
WINDOW ADVICE CENTRE LIMITED
|
Registered number: |
SC109032
|
Abbreviated Balance Sheet |
as at 31 March 2016
|
|
Notes |
|
|
2016 |
|
|
2015 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
2,974 |
|
|
339 |
|
Current assets |
Debtors |
|
|
10,386 |
|
|
1,568 |
Cash at bank and in hand |
|
|
235,896 |
|
|
194,341 |
|
|
|
246,282 |
|
|
195,909 |
|
Creditors: amounts falling due within one year |
|
|
(122,398) |
|
|
(64,618) |
|
Net current assets |
|
|
|
123,884 |
|
|
131,291 |
|
Total assets less current liabilities |
|
|
|
126,858 |
|
|
131,630 |
|
|
Provisions for liabilities |
|
|
|
(324) |
|
|
- |
|
|
Net assets |
|
|
|
126,534 |
|
|
131,630 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
42,500 |
|
|
42,500 |
Capital redemption reserve |
|
|
|
22,670 |
|
|
22,670 |
Profit and loss account |
|
|
|
61,364 |
|
|
66,460 |
|
Shareholders' funds |
|
|
|
126,534 |
|
|
131,630 |
|
|
|
|
|
|
|
|
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.
|
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
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.
|
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.
|
|
|
|
K Hislop |
Director |
Approved by the board on 19 August 2016
|
|
WINDOW ADVICE CENTRE LIMITED
|
Notes to the Abbreviated Accounts |
for the year ended 31 March 2016
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
|
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
|
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
25% straight line
|
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
Leasing and hire purchase commitments |
|
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2015 |
104,614 |
|
Additions |
3,651 |
|
At 31 March 2016 |
108,265 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2015 |
104,275 |
|
Charge for the year |
1,016 |
|
At 31 March 2016 |
105,291 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
2,974 |
|
At 31 March 2015 |
339 |
|
|
|
|
|
|
|
|
3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
- |
|
42,500 |
|
42,500 |
|
|
|
|
|
|
|
|
|