REGISTERED NUMBER: 04405545 (England and Wales)

Unaudited Financial Statements For The Year Ended 31 May 2016

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

222 Woodlands Road

Woodlands

Southampton

Hampshire

SO40 7GL

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

26,931

17,481

26,931

17,481

CURRENT ASSETS

Stocks

40,000

40,000

Debtors

4

25,829

35,277

Cash at bank

82,862

8,652

148,691

83,929

CREDITORS

Amounts falling due within one year

5

105,162

80,140

NET CURRENT ASSETS

43,529

3,789

TOTAL ASSETS LESS CURRENT LIABILITIES

70,460

21,270

CREDITORS

Amounts falling due after more than one year

6

-

(15,340

)

PROVISIONS FOR LIABILITIES

9

(3,884

)

(1,664

)

NET ASSETS

66,576

4,266

CAPITAL AND RESERVES

Called up share capital

10

100

100

Profit and loss account

66,476

4,166

SHAREHOLDERS' FUNDS

66,576

4,266

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 12 December 2016 and were signed on its behalf by:

C A Blake - 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 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.

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

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

2.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2015

and 31 May 2016

100,000

AMORTISATION

At 1 June 2015

and 31 May 2016

100,000

NET BOOK VALUE

At 31 May 2016

-

At 31 May 2015

-

3.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 June 2015

3,100

14,490

29,525

At 31 May 2016

3,100

14,490

29,525

DEPRECIATION

At 1 June 2015

3,100

13,591

25,064

Charge for year

-

225

720

At 31 May 2016

3,100

13,816

25,784

NET BOOK VALUE

At 31 May 2016

-

674

3,741

At 31 May 2015

-

899

4,461

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 June 2015

19,034

4,741

70,890

Additions

13,267

822

14,089

At 31 May 2016

32,301

5,563

84,979

DEPRECIATION

At 1 June 2015

8,218

3,436

53,409

Charge for year

3,238

456

4,639

At 31 May 2016

11,456

3,892

58,048

NET BOOK VALUE

At 31 May 2016

20,845

1,671

26,931

At 31 May 2015

10,816

1,305

17,481

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.16

31.5.15

£

£

Trade debtors

13,365

27,277

Amounts recoverable on contract

12,000

8,000

Other debtors

464

-

25,829

35,277

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.16

31.5.15

£

£

Bank loans and overdrafts

2,976

8,064

Trade creditors

41,963

25,077

Taxation and social security

56,488

38,013

Other creditors

3,735

8,986

105,162

80,140

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.16

31.5.15

£

£

Bank loans

-

15,340

7.

LOANS

An analysis of the maturity of loans is given below:

31.5.16

31.5.15

£

£

Amounts falling due within one year or on demand:

Bank loans

-

4,975

Van loan

2,976

3,089

2,976

8,064

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

12,364

Van loan

-

2,976

-

15,340

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.16

31.5.15

£

£

Bank loans

2,976

23,404

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.	PROVISIONS FOR LIABILITIES

31.5.16

31.5.15

£

£

Deferred tax

Accelerated capital allowances

3,884

1,664

Deferred

tax

£

Balance at 1 June 2015

1,664

Capital Allowances

2,220

Balance at 31 May 2016

3,884

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

£

100

Ordinary

£1

100

100

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £14,000 were paid to the directors .