Year Ended
Company Registration Number:
Doors and Windows Limited
Contents
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Doors and Windows Limited
Directors' Report
Year Ended 31 March 2016
The directors present their report and the unaudited financial statements for the year ended 31 March 2016.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
Small company provisions
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
Approved by the Board on
Mrs L Horwell
Company secretary and director
Doors and Windows Limited
Profit and Loss Account
Year Ended
31 March 2016
Note |
2016
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2015
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Turnover |
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Cost of sales |
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Gross profit |
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Administrative expenses |
( |
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Operating profit |
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Other interest receivable and similar income |
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Interest payable and similar charges |
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Profit on ordinary activities before taxation |
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Tax on profit on ordinary activities |
( |
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Profit for the financial year |
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2
Doors and Windows Limited
Balance Sheet
31 March 2016
Note |
2016
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2015
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current (liabilities)/assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
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Provisions for liabilities |
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- |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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3
Doors and Windows Limited
Balance Sheet
31 March 2016
......... continued
Approved and authorised for issue by the Board on
Mr R A Horwell
Director
Company Registration Number: 01726521
4
Doors and Windows Limited
Notes to the Financial Statements
Year Ended 31 March 2016
......... continued
Accounting policies |
Basis of preparation
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less and estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Freehold Land & Property |
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Plant & Machinery |
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Fixtures & Fittings |
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Motor Vehicles |
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Office Equipment |
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Stock and work in progress
Deferred tax
Hire purchase and leasing
Doors and Windows Limited
Notes to the Financial Statements
Year Ended 31 March 2016
......... continued
Operating profit |
Operating profit is stated after charging:
2016
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2015
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Profit on sale of tangible fixed assets |
- |
(57) |
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Depreciation of tangible fixed assets |
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Directors' remuneration |
The directors' remuneration for the year was as follows:
2016
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2015
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Remuneration (including benefits in kind) |
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Taxation |
Tax on profit on ordinary activities
2016
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2015
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Current tax |
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Corporation tax charge |
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Adjustments in respect of previous years |
( |
- |
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UK Corporation tax |
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Deferred tax |
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Origination and reversal of timing differences |
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- |
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Total tax on profit on ordinary activities |
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Doors and Windows Limited
Notes to the Financial Statements
Year Ended 31 March 2016
......... continued
Tangible fixed assets |
Freehold land and buildings
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Plant and machinery
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Fixtures and fittings
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Motor vehicles
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Office equipment
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Total
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Cost |
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At 1 April 2015 |
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Depreciation |
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At 1 April 2015 |
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Charge for the year |
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At 31 March 2016 |
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Net book value |
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At 31 March 2016 |
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At 31 March 2015 |
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Debtors |
2016
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2015
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Trade debtors |
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Other debtors |
- |
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Doors and Windows Limited
Notes to the Financial Statements
Year Ended 31 March 2016
......... continued
Creditors: Amounts falling due within one year |
2016
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2015
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Bank loans and overdrafts |
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Trade creditors |
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Corporation tax |
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Other taxes and social security |
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Accruals |
14,653 |
10,825 |
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Directors current account |
20,000 |
20,000 |
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Preference shares |
1 |
1 |
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Creditors amounts falling due within one year includes the following liabilities, on which security has been given by the company:
2016
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2015
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Bank loan |
89,830 |
10,000 |
Creditors: Amounts falling due after more than one year |
2016
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2015
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Bank loans and overdrafts |
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Directors loan accounts |
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Creditors amounts falling due after more than one year includes the following liabilities, on which security has been given by the company:
2016
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2015
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Bank loan |
48,170 |
134,005 |
Doors and Windows Limited
Notes to the Financial Statements
Year Ended 31 March 2016
......... continued
Included in the creditors are the following amounts due after more than five years:
2016
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2015
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After more than five years by instalments |
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Provisions |
Deferred tax
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At 1 April 2015 |
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Charged to the profit and loss account |
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At 31 March 2016 |
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Analysis of deferred tax |
2016
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2015
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Difference between accumulated depreciation and amortisation and capital allowances |
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Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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Redeemable preference shares
The |
Doors and Windows Limited
Notes to the Financial Statements
Year Ended 31 March 2016
......... continued
Reserves |
Profit and loss account
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At 1 April 2015 |
56,019 |
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Profit for the year |
38,297 |
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Dividends |
(58,000) |
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At 31 March 2016 |
36,316 |
Related party transactions |
Other related party transactions |
During the year the company made the following related party transactions: |
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Control |
The company is controlled by
Doors and Windows Limited
Chartered
Accountants' Report to the
Board of Directors
on the Preparation of the Unaudited Statutory Accounts
Year
Ended
31 March 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Doors and Windows Limited for the year ended 31 March 2016 set out on pages 2 to 10 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW) , we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook .
This report is made solely to the Board of Directors of Doors and Windows Limited, as a body, in accordance with the terms of our engagement letter dated 31 March 2013 . Our work has been undertaken solely to prepare for your approval the accounts of Doors and Windows Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Doors and Windows Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Doors and Windows Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Doors and Windows Limited. You consider that Doors and Windows Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Doors and Windows Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Francis Clark LLP
North Quay House
Sutton Harbour
Plymouth
Devon
PL4 0RA
6 December 2016