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REGISTERED NUMBER: 05253591 (England and Wales)










Financial Statements

for the Year Ended 31 October 2021

for

ABCO DOORS & WINDOWS LIMITED

ABCO DOORS & WINDOWS LIMITED (REGISTERED NUMBER: 05253591)






Contents of the Financial Statements
for the Year Ended 31 October 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABCO DOORS & WINDOWS LIMITED

Company Information
for the Year Ended 31 October 2021







DIRECTORS: Mrs C A Hermansson
J H Hermansson





SECRETARY: Mrs C A Hermansson





REGISTERED OFFICE: 26 Featherbed Lane
Croydon
Surrey
CR0 9AE





REGISTERED NUMBER: 05253591 (England and Wales)





ACCOUNTANTS: Maths Partnership
1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG

ABCO DOORS & WINDOWS LIMITED (REGISTERED NUMBER: 05253591)

Balance Sheet
31 October 2021

31.10.21 31.10.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,217 7,675

CURRENT ASSETS
Debtors 5 21,898 28,962
Cash at bank and in hand 55,652 54,676
77,550 83,638
CREDITORS
Amounts falling due within one year 6 34,004 29,911
NET CURRENT ASSETS 43,546 53,727
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,763

61,402

CREDITORS
Amounts falling due after more than one
year

7

(41,033

)

(55,872

)

PROVISIONS FOR LIABILITIES (886 ) (1,330 )
NET ASSETS 6,844 4,200

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 6,842 4,198
SHAREHOLDERS' FUNDS 6,844 4,200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 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.

ABCO DOORS & WINDOWS LIMITED (REGISTERED NUMBER: 05253591)

Balance Sheet - continued
31 October 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 February 2022 and were signed on its behalf by:





J H Hermansson - Director


ABCO DOORS & WINDOWS LIMITED (REGISTERED NUMBER: 05253591)

Notes to the Financial Statements
for the Year Ended 31 October 2021

1. STATUTORY INFORMATION

ABCO Doors & Windows 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
The turnover shown in the profit and loss account represents the value of work carried out in the year.

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.
Plant and machinery - 10% on reducing balance
Equipment, fixtures & fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

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.

ABCO DOORS & WINDOWS LIMITED (REGISTERED NUMBER: 05253591)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2021

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 3 ) .

4. TANGIBLE FIXED ASSETS
Equipment,
Plant and fixtures Motor Computer
machinery & fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2020 6,657 490 36,895 507 44,549
Additions - 500 - - 500
Disposals - - (8,850 ) - (8,850 )
At 31 October 2021 6,657 990 28,045 507 36,199
DEPRECIATION
At 1 November 2020 5,013 435 30,947 479 36,874
Charge for year 165 139 1,519 28 1,851
Eliminated on disposal - - (7,743 ) - (7,743 )
At 31 October 2021 5,178 574 24,723 507 30,982
NET BOOK VALUE
At 31 October 2021 1,479 416 3,322 - 5,217
At 31 October 2020 1,644 55 5,948 28 7,675

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2020
and 31 October 2021 15,050
DEPRECIATION
At 1 November 2020 11,185
Charge for year 1,275
At 31 October 2021 12,460
NET BOOK VALUE
At 31 October 2021 2,590
At 31 October 2020 3,865

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.21 31.10.20
£    £   
Trade debtors 20,664 26,026
Other debtors 1,234 2,936
21,898 28,962

ABCO DOORS & WINDOWS LIMITED (REGISTERED NUMBER: 05253591)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2021

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.21 31.10.20
£    £   
Bank loans and overdrafts 10,648 -
Hire purchase contracts 4,767 3,715
Trade creditors 4,405 15,834
Taxation and social security 9,497 6,670
Other creditors 4,687 3,692
34,004 29,911

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.21 31.10.20
£    £   
Bank loans 39,352 50,000
Hire purchase contracts 1,681 5,872
41,033 55,872