REGISTERED NUMBER: SC340585 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

A Carroll Double Glazing Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A Carroll

SECRETARY:

S Carroll

REGISTERED OFFICE:

10 Kings Park Road

Glasgow

G44 4TU

REGISTERED NUMBER:

SC340585 (Scotland)

ACCOUNTANTS:

Gerber Landa & Gee

Chartered Accountants

Chartered Tax Advisers

Pavilion 1

Finnieston Business Park

Minerva Way

GLASGOW

G3 8AU

FIXED ASSETS

Intangible assets

2

43,875

48,750

Tangible assets

3

24,437

710

68,312

49,460

CURRENT ASSETS

Stocks

3,000

2,500

Debtors

13,848

6,563

Cash at bank and in hand

28,742

31,780

45,590

40,843

CREDITORS

Amounts falling due within one year

48,644

50,584

NET CURRENT LIABILITIES

(3,054

)

(9,741

)

TOTAL ASSETS LESS CURRENT LIABILITIES

65,258

39,719

CREDITORS

Amounts falling due after more than one year

(15,830

)

-

PROVISIONS FOR LIABILITIES

(4,887

)

-

NET ASSETS

44,541

39,719

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

44,441

39,619

SHAREHOLDERS' FUNDS

44,541

39,719

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 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 director on 29 November 2016 and were signed by:

A Carroll - 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, excluding value added tax.

Goodwill

Goodwill is the amount paid in connection with the acquisition of a business in 2009. The goodwill is now being

amortised over 10 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on cost, 20% on cost, 10% on reducing balance and Straight line over 3 years

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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 April 2015

and 31 March 2016

75,000

AMORTISATION

At 1 April 2015

26,250

Amortisation for year

4,875

At 31 March 2016

31,125

NET BOOK VALUE

At 31 March 2016

43,875

At 31 March 2015

48,750

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

15,433

Additions

29,990

Disposals

(13,971

)

At 31 March 2016

31,452

DEPRECIATION

At 1 April 2015

14,723

Charge for year

6,263

Eliminated on disposal

(13,971

)

At 31 March 2016

7,015

NET BOOK VALUE

At 31 March 2016

24,437

At 31 March 2015

710

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

100

Ordinary

1

100

100

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 1 April 2015, the company had a balance due to Mr A Carroll of £4,135. During the year the total amounts

advanced to Mr A Carroll were £30,022 and repayments were made by Mr A Carroll of £30,325, leaving a

balance due by the company to Mr A Carroll of £4,437 as at 31 March 2016.

During the months June 2015 to February 2016, Mr Carroll had a balance due to the company. The maximum

balance due by him was £20,062 as at 28 February 2016.

The loan is interest free and has no fixed repayment date.