REGISTERED NUMBER: 05380593 (England and Wales)

Aaron Windows Installations 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

8

DIRECTOR:

Mr T P Gibson

SECRETARY:

Mrs S N Gibson

REGISTERED OFFICE:

8 Hopper Way

Diss Business Park

Diss

Norfolk

IP22 4GT

REGISTERED NUMBER:

05380593 (England and Wales)

ACCOUNTANTS:

Haines Watts

8 Hopper Way

Diss

Norfolk

IP22 4GT

FIXED ASSETS

Tangible assets

3

96,461

91,989

CURRENT ASSETS

Debtors

4

171,836

106,448

Cash at bank

8

11,576

171,844

118,024

CREDITORS

Amounts falling due within one year

5

(52,874

)

(49,794

)

NET CURRENT ASSETS

118,970

68,230

TOTAL ASSETS LESS CURRENT LIABILITIES

215,431

160,219

CREDITORS

Amounts falling due after more than one year

6

(149,117

)

(91,940

)

PROVISIONS FOR LIABILITIES

(16,805

)

(15,305

)

NET ASSETS

49,509

52,974

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

49,409

52,874

SHAREHOLDERS' FUNDS

49,509

52,974

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 30 January 2018 and were signed by:

Mr T P Gibson - Director

1.	STATUTORY INFORMATION

Aaron Windows Installations 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

20% on cost

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

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.

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 profit or loss over the relevant period. The capital

element of the future payments is treated as a liability.

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

lease.

3.	TANGIBLE FIXED ASSETS

Short

Plant and

Motor

Computer

leasehold

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2016

1,538

105,012

109,633

12,087

228,270

Additions

-

-

31,334

-

31,334

At 31 March 2017

1,538

105,012

140,967

12,087

259,604

DEPRECIATION

At 1 April 2016

1,170

48,576

77,880

8,655

136,281

Charge for year

308

11,288

14,751

515

26,862

At 31 March 2017

1,478

59,864

92,631

9,170

163,143

NET BOOK VALUE

At 31 March 2017

60

45,148

48,336

2,917

96,461

At 31 March 2016

368

56,436

31,753

3,432

91,989

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2016

64,200

79,676

143,876

Additions

-

31,335

31,335

Transfer to ownership

-

(66,176

)

(66,176

)

At 31 March 2017

64,200

44,835

109,035

DEPRECIATION

At 1 April 2016

20,162

55,030

75,192

Charge for year

8,808

12,974

21,782

Transfer to ownership

-

(55,285

)

(55,285

)

At 31 March 2017

28,970

12,719

41,689

NET BOOK VALUE

At 31 March 2017

35,230

32,116

67,346

At 31 March 2016

44,038

24,646

68,684

4.

DEBTORS

2017

2016

£

£

Amounts falling due within one year:

Trade debtors

167,341

96,706

Other debtors

3,795

3,795

171,136

100,501

Amounts falling due after more than one year:

Other debtors

700

5,947

Aggregate amounts

171,836

106,448

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Hire purchase contracts (see note 7)

22,065

23,693

Trade creditors

10,842

10,821

Taxation and social security

17,867

13,280

Other creditors

2,100

2,000

52,874

49,794

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts (see note 7)

39,005

36,604

Other creditors

110,112

55,336

149,117

91,940

7.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

2017

2016

£

£

Net obligations repayable:

Within one year

22,065

23,693

Between one and five years

39,005

36,604

61,070

60,297

Non-cancellable

operating leases

2017

2016

£

£

Within one year

5,859

-

Between one and five years

1,465

-

7,324

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Hire purchase contracts

61,070

60,297

9.	RELATED PARTY DISCLOSURES

Mr T P Gibson

A director and shareholder of the company.

At the year end the company owed T Gibson £53,656 (2016 - £55,336) in respect of an interest free loan

included within other creditors, there are no fixed repayment terms for this loan.

Aaron Windows Limited

A company controlled by the director and his immediate family.

During the year equipment rental of £36,600 (2016 - £9,150) was charged to Aaron Windows Ltd. At the year

end a trade debtor balance exists of £57,534 (2016 - £13,614)

At the year end Aaron Windows Installations Ltd owes Aaron Windows Ltd £8,538 relating to an interest free

loan. There are no set repayment terms for this loan.

Site Fix Ltd

Company in which T Gibson is a shareholder

During the year equipment rental of £22,263 (2016 - £19,232) was charged to Site Fix Ltd. At the year end a

trade debtor balance exists of £49,153 (2016 - £22,438).

At the year end Aaron Windows Installations Ltd owes Site Fix Ltd £41,966 (2016 - £12,473) relating to an

interest free loan. There are no set repayment terms for this loan.