REGISTERED NUMBER: 04196412 (England and Wales)

Aaron Windows Limited

Unaudited Financial Statements

for the Year Ended

31 March 2017

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

T P Gibson

SECRETARY:

Mrs S N Gibson

REGISTERED OFFICE:

8 Hopper Way

Diss Business Park

Diss

Norfolk

IP22 4GT

REGISTERED NUMBER:

04196412 (England and Wales)

ACCOUNTANTS:

Haines Watts

Chartered Accountants

8 Hopper Way

Diss

Norfolk

IP22 4GT

FIXED ASSETS

Tangible assets

4

30,326

36,029

CURRENT ASSETS

Stocks

298,406

145,980

Debtors

5

80,649

266,647

Cash at bank and in hand

15,214

15,264

394,269

427,891

CREDITORS

Amounts falling due within one year

6

(486,265

)

(443,973

)

NET CURRENT LIABILITIES

(91,996

)

(16,082

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(61,670

)

19,947

CREDITORS

Amounts falling due after more than one year

7

(28,601

)

(116,335

)

PROVISIONS FOR LIABILITIES

(5,122

)

(4,936

)

NET LIABILITIES

(95,393

)

(101,324

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(95,493

)

(101,424

)

SHAREHOLDERS' FUNDS

(95,393

)

(101,324

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 29 March 2018 and were signed by:

T P Gibson - Director

1.	STATUTORY INFORMATION

Aaron Windows Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company has a large deficit on the balance sheet which is due to earlier loss making periods. However,

most of the long term funding for the company is by way of a director’s loan account and extended credit

from related parties controlled by the director. The director has made a commitment not to seek repayment

of the loans within the foreseeable future, therefore the accounts have been prepared on the going concern

concept.

Turnover

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs

in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises 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.

Deferred tax

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2016 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2016

48,148

5,346

34,398

12,562

100,454

Additions

-

-

-

2,596

2,596

Disposals

-

-

(20,500

)

-

(20,500

)

At 31 March 2017

48,148

5,346

13,898

15,158

82,550

DEPRECIATION

At 1 April 2016

22,198

2,390

31,757

8,080

64,425

Charge for year

4,814

443

147

843

6,247

Eliminated on disposal

-

-

(18,448

)

-

(18,448

)

At 31 March 2017

27,012

2,833

13,456

8,923

52,224

NET BOOK VALUE

At 31 March 2017

21,136

2,513

442

6,235

30,326

At 31 March 2016

25,950

2,956

2,641

4,482

36,029

5.

DEBTORS

2017

2016

£

£

Amounts falling due within one year:

Trade debtors

15,546

137,254

Other debtors

62,513

38,496

78,059

175,750

Amounts falling due after more than one year:

Other debtors

2,590

90,897

Aggregate amounts

80,649

266,647

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

363,362

335,064

Taxation and social security

101,361

103,995

Other creditors

21,542

4,914

486,265

443,973

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Other creditors

28,601

116,335

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2017 and

31 March 2016:

2017

2016

£

£

T P Gibson

Balance outstanding at start of year

30,716

23,332

Amounts advanced

33,592

7,384

Amounts repaid

(15,390

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

48,918

30,716

The loan to the director is interest free with no set repayment terms.