Window Advice Centre Limited
|
Registered number: |
SC109032
|
Balance Sheet |
as at 31 March 2017
|
|
Notes |
|
|
2017 |
|
|
2016 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
6,683 |
|
|
2,974 |
|
Current assets |
Debtors |
4 |
|
8,479 |
|
|
10,386 |
Cash at bank and in hand |
|
|
204,004 |
|
|
235,896 |
|
|
|
212,483 |
|
|
246,282 |
|
Creditors: amounts falling due within one year |
5 |
|
(126,438) |
|
|
(122,398) |
|
Net current assets |
|
|
|
86,045 |
|
|
123,884 |
|
Total assets less current liabilities |
|
|
|
92,728 |
|
|
126,858 |
|
|
Provisions for liabilities |
|
|
|
- |
|
|
(324) |
|
|
Net assets |
|
|
|
92,728 |
|
|
126,534 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
42,500 |
|
|
42,500 |
Capital redemption reserve |
|
|
|
22,670 |
|
|
22,670 |
Profit and loss account |
|
|
|
27,558 |
|
|
61,364 |
|
Shareholders' funds |
|
|
|
92,728 |
|
|
126,534 |
|
|
|
|
|
|
|
|
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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
|
|
|
|
|
K HISLOP |
Director |
Approved by the board on 19 December 2017
|
|
|
Notes to the Accounts |
for the year ended 31 March 2017
|
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
|
|
|
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.
|
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
|
|
|
Plant and machinery |
25% straight line |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
|
|
|
Leased assets |
|
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 |
|
Contributions to defined contribution plans are expensed in the period to which they relate.
|
|
|
2 |
Employees |
2017 |
|
2016 |
Number |
Number |
|
|
Average number of persons employed by the company |
4 |
|
4 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
£ |
|
Cost |
|
At 1 April 2016 |
108,265 |
|
Additions |
5,237 |
|
At 31 March 2017 |
113,502 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2016 |
105,291 |
|
Charge for the year |
1,528 |
|
At 31 March 2017 |
106,819 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2017 |
6,683 |
|
At 31 March 2016 |
2,974 |
|
|
4 |
Debtors |
2017 |
|
2016 |
£ |
£ |
|
|
Trade debtors |
8,479 |
|
10,386 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
£ |
£ |
|
|
Trade creditors |
76,272 |
|
50,772 |
|
Directors' loans |
|
|
|
|
29,607 |
|
30,366 |
|
Taxation and social security costs |
14,188 |
|
24,144 |
|
Other creditors |
6,371 |
|
17,116 |
|
|
|
|
|
|
126,438 |
|
122,398 |
|
|
|
|
|
|
|
|
|
|
6 |
Other information |
|
|
Window Advice Centre Limited is a private company limited by shares and incorporated in Scotland. Its registered office is: |
|
14 Sandyford Place |
|
Glasgow |
|
G3 7NB |