REGISTERED NUMBER: 04405545 (England and Wales)

Unaudited Financial Statements For The Year Ended 31 May 2017

for

ABCO Windows Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C A Blake

Mrs A Blake

SECRETARY:

Mrs A Blake

REGISTERED OFFICE:

Unit 9

Hardley Inustrial Estate

Hythe

Southampton

Hampshire

SO45 3NQ

REGISTERED NUMBER:

04405545 (England and Wales)

ACCOUNTANTS:

Alan Minshall Accountants Limited

18 Whitemoor Road

Brockenhurst

Hampshire

SO42 7QG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

30,414

26,931

30,414

26,931

CURRENT ASSETS

Stocks

40,000

40,000

Debtors

6

36,384

25,829

Cash at bank

19,902

82,862

96,286

148,691

CREDITORS

Amounts falling due within one year

7

83,884

105,162

NET CURRENT ASSETS

12,402

43,529

TOTAL ASSETS LESS CURRENT LIABILITIES

42,816

70,460

PROVISIONS FOR LIABILITIES

-

3,884

NET ASSETS

42,816

66,576

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

42,716

66,476

SHAREHOLDERS' FUNDS

42,816

66,576

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 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 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 Board of Directors on 18 February 2018 and were signed on its behalf by:

C A Blake - Director

1.	STATUTORY INFORMATION

ABCO 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.

Turnover

Turnover represents the net invoiced sales of goods and services during the year (excluding Value Added Tax), except in the case of

service contracts, where turnover is realised as the company earns the right to receive consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated

amortisation and any accumulated impairment losses.

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 cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

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 8 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2016

and 31 May 2017

100,000

AMORTISATION

At 1 June 2016

and 31 May 2017

100,000

NET BOOK VALUE

At 31 May 2017

-

At 31 May 2016

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 June 2016

3,100

14,490

29,525

Additions

-

-

3,114

At 31 May 2017

3,100

14,490

32,639

DEPRECIATION

At 1 June 2016

3,100

13,816

25,784

Charge for year

-

168

1,225

At 31 May 2017

3,100

13,984

27,009

NET BOOK VALUE

At 31 May 2017

-

506

5,630

At 31 May 2016

-

674

3,741

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 June 2016

32,301

5,563

84,979

Additions

7,495

1,605

12,214

At 31 May 2017

39,796

7,168

97,193

DEPRECIATION

At 1 June 2016

11,456

3,892

58,048

Charge for year

6,528

810

8,731

At 31 May 2017

17,984

4,702

66,779

NET BOOK VALUE

At 31 May 2017

21,812

2,466

30,414

At 31 May 2016

20,845

1,671

26,931

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Trade debtors

21,843

13,365

Amounts recoverable on contract

12,000

12,000

Other debtors

2,541

464

36,384

25,829

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Bank loans and overdrafts

-

2,976

Trade creditors

29,330

41,963

Taxation and social security

33,431

56,488

Other creditors

21,123

3,735

83,884

105,162

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.17

31.5.16

£

£

Bank loans

-

2,976

Lloyds TSB Bank plc holds a debenture created 10th June 2002 in respect of all monies due to them secured on all the assets of the

company including book debts.

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £15,000 (2016 - £14,000) were paid to the directors .