Abbey Windows (Thames Valley) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03531430 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

FOR

ABBEY WINDOWS (THAMES VALLEY) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A B Young

N Whitehead

SECRETARY:

Mrs A J Young

REGISTERED OFFICE:

Griffins Court

24-32 London Road

Newbury

Berkshire

RG14 1JX

REGISTERED NUMBER:

03531430 (England and Wales)

ACCOUNTANTS:

Griffins

Chartered Accountants

Griffins Court

24-32 London Road

NEWBURY

Berkshire

RG14 1JX

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

90,830

96,232

90,830

96,232

CURRENT ASSETS

Stocks

14,770

14,500

Debtors

269,214

285,733

Cash at bank and in hand

522,986

374,517

806,970

674,750

CREDITORS

Amounts falling due within one year

564,713

449,046

NET CURRENT ASSETS

242,257

225,704

TOTAL ASSETS LESS CURRENT
LIABILITIES

333,087

321,936

PROVISIONS FOR LIABILITIES

13,370

13,313

NET ASSETS

319,717

308,623

CAPITAL AND RESERVES

Called up share capital

4

247

231

Share premium

69,758

64,886

Capital redemption reserve

30

Profit and loss account

249,682

243,476

SHAREHOLDERS' FUNDS

319,717

308,623

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 28 February 2017 and were signed on its behalf by:

A B Young - Director

N Whitehead - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1999, is being amortised evenly over its estimated useful life of four years.

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

-

20% on reducing balance

Plant and machinery

-

15% on reducing balance

Office equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost and 5% Straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet

date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of

transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

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 the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

7,000

AMORTISATION

At 1 July 2015

and 30 June 2016

7,000

NET BOOK VALUE

At 30 June 2016

-

At 30 June 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

279,973

Additions

24,712

Disposals

(11,395

)

At 30 June 2016

293,290

DEPRECIATION

At 1 July 2015

183,741

Charge for year

29,312

Eliminated on disposal

(10,593

)

At 30 June 2016

202,460

NET BOOK VALUE

At 30 June 2016

90,830

At 30 June 2015

96,232

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

Value :

£

90

Ordinary

£1

90

100

Ordinary A Non Voting

£1

100

39

Ordinary B

£1

39

15

Ordinary C

£1

15

2

3

Ordinary D

3

-

247

231

13 Ordinary C Share of £1 each were allocated as fully paid at a premium of £304.49 per share during this year.

3 Ordinary D Shares of £1 each were allocated as fully paid at a premium of £304.49 per share during this year.

EMI share options were granted in August 2015 for a period of 10 years to two members of staff (not directors), 16 of

these shares have been exercised at the balance sheet date. The option relates to an additional 5 £1 Ordinary D Shares at

an exercise price of £305.49 per share, to be exercised in the future.