REGISTERED NUMBER: 01959021 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2017

for

Able 2 Windows And Doors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs J M Miller

Miss L A Miller

SECRETARY:

Mrs J M Miller

REGISTERED OFFICE:

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

REGISTERED NUMBER:

01959021 (England and Wales)

ACCOUNTANTS:

Dunkley's

Chartered Accountants

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

BANKERS:

Lloyds TSB Bank plc

284 Wells Road

Knowle

Bristol

BS4 2PY

FIXED ASSETS

Tangible assets

4

16,212

18,589

CURRENT ASSETS

Stocks

10,798

23,840

Debtors

5

11,293

15,609

Cash at bank

13,143

15,519

35,234

54,968

CREDITORS

Amounts falling due within one year

6

317,431

310,038

NET CURRENT LIABILITIES

(282,197

)

(255,070

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(265,985

)

(236,481

)

CAPITAL AND RESERVES

Called up share capital

7

7,000

7,000

Retained earnings

(272,985

)

(243,481

)

SHAREHOLDERS' FUNDS

(265,985

)

(236,481

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 12 January 2018 and were signed on its behalf by:

Miss L A Miller - Director

Mrs J M Miller - Director

1.	STATUTORY INFORMATION

Able 2 Windows And Doors 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.

Improvements to property

-

5% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

20% 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 5 (2016 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 August 2016

4,545

51,128

2,343

875

58,891

Additions

-

-

-

190

190

Disposals

-

(244

)

-

-

(244

)

At 31 July 2017

4,545

50,884

2,343

1,065

58,837

DEPRECIATION

At 1 August 2016

1,028

36,092

2,315

867

40,302

Charge for year

176

2,239

4

40

2,459

Eliminated on disposal

-

(136

)

-

-

(136

)

At 31 July 2017

1,204

38,195

2,319

907

42,625

NET BOOK VALUE

At 31 July 2017

3,341

12,689

24

158

16,212

At 31 July 2016

3,517

15,036

28

8

18,589

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Trade debtors

7,621

12,421

Prepayments

3,672

3,188

11,293

15,609

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Trade creditors

23,339

28,867

Social security and other taxes

639

751

VAT

19,745

23,557

Other creditors

94,375

54,795

Pension liability

340

-

Directors' current accounts

173,220

196,256

Accruals and deferred income

1,720

1,720

Accrued expenses

4,053

4,092

317,431

310,038

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.17

31.7.16

value:

£

£

7,000

Ordinary

£1

7,000

7,000