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Unaudited Financial Statements |
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for the Year Ended 30 November 2018 |
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for |
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Cliffside Windows Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 30 November 2018 |
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for |
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Cliffside Windows Limited |
Cliffside Windows Limited (Registered number: 00924406) |
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Contents of the Financial Statements |
for the year ended 30 November 2018 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Cliffside Windows Limited |
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Company Information |
for the year ended 30 November 2018 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Cawley House |
149-155 Canal Street |
Nottingham |
Nottinghamshire |
NG1 7HR |
Cliffside Windows Limited (Registered number: 00924406) |
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Balance Sheet |
30 November 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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CURRENT ASSETS |
Stocks | 6 |
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Debtors | 7 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 8 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of
the Companies Act 2006 and |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
behalf by: |
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Cliffside Windows Limited (Registered number: 00924406) |
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Notes to the Financial Statements |
for the year ended 30 November 2018 |
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1. | STATUTORY INFORMATION |
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Cliffside Windows Limited is a
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Wales. The company's registered number and registered office address can be found on the |
Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Revenue on contracts is valued on a contract by contract basis. When the outcome of a contract |
can be estimated reliably contract revenue and costs are recognised by reference to the degree of |
completion of each contract as measured by the proportion of total costs at the balance sheet date |
to the estimated total cost of the contract. When the outcome of a contract cannot be estimated |
reliably, contract revenue is recognised to the extent of contract costs incurred, where it is |
probable these costs will be recovered. |
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When it is probable that the total contract costs will exceed total contract revenue, the expected |
loss is recognised immediately. Contract costs are recognised as an expense in the period in which |
they are incurred. |
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Where costs incurred plus recognised profits less recognised losses exceed progress billings, the |
balance is shown as amounts recoverable on contracts within debtors. Where progress billings |
exceed costs incurred plus recognised profits less recognised losses, the balance is shown as |
payments on account within creditors. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed |
at the balance sheet date. |
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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. |
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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. |
Cliffside Windows Limited (Registered number: 00924406) |
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Notes to the Financial Statements - continued |
for the year ended 30 November 2018 |
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2. | ACCOUNTING POLICIES - continued |
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Leasing commitments |
Rentals payable under operating leases are charged to the profit and loss account on a straight line |
basis over the period of the lease. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 December 2017 |
and 30 November 2018 |
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DEPRECIATION |
At 1 December 2017 |
and 30 November 2018 |
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NET BOOK VALUE |
At 30 November 2018 |
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At 30 November 2017 |
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5. | FIXED ASSET INVESTMENTS |
Other |
investments |
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COST |
At 1 December 2017 |
and 30 November 2018 |
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NET BOOK VALUE |
At 30 November 2018 |
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At 30 November 2017 |
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6. | STOCKS |
2018 | 2017 |
£ | £ |
Stocks |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
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Amounts recoverable on contract |
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Other debtors | ( |
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Cliffside Windows Limited (Registered number: 00924406) |
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Notes to the Financial Statements - continued |
for the year ended 30 November 2018 |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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9. | ULTIMATE CONTROLLING PARTY |
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The controlling party is N Hunt. |
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The ultimate controlling party is
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