Registered number
05110747
THERMAGLAZE WINDOWS & CONSERVATORIES LIMITED
Abbreviated Accounts
31 May 2016
THERMAGLAZE WINDOWS & CONSERVATORIES LIMITED
Registered number: 05110747
Abbreviated Balance Sheet
as at 31 May 2016
Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 280,167 350,917
Tangible assets 3 173,015 181,730
453,182 532,647
Current assets
Stocks 40,031 35,063
Debtors 317,532 211,415
Cash at bank and in hand 187,049 246,812
544,612 493,290
Creditors: amounts falling due within one year (485,239) (463,716)
Net current assets 59,373 29,574
Total assets less current liabilities 512,555 562,221
Creditors: amounts falling due after more than one year (250,924) (303,999)
Net assets 261,631 258,222
Capital and reserves
Called up share capital 5 300 300
Profit and loss account 261,331 257,922
Shareholders' funds 261,631 258,222
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
D W Symes
Director
Approved by the board on 10 October 2016
THERMAGLAZE WINDOWS & CONSERVATORIES LIMITED
Notes to the Abbreviated Accounts
for the year ended 31 May 2016
1 Accounting policies
Basis of preparation
The accounts 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 value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land and buildings Nil
Plant and equipment 25% on reducing balance
Motor vehicles 25% on reducing balance
Computers 33.33% on cost
In the opinion of the director, the market value of the freehold property owned by the company exceeds its cost, and therefore no depreciation has been provided in respect of the property.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the director's opinion, compliance with the Standard is necessary for the financial statements to give a true and fair view. Depreciation is only one of many factors which would be reflected in an annual valuation, and the amount which might otherwise have been charged cannot be separately identified or quantified.
Stocks
Stock is valued at the lower of cost and net realisable value.
Leasing and hire purchase commitments
Assets held under hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding hire purchase obligation is treated in the balance sheet as a liability.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
Pensions
The company paid a contribution of £40,000 into a pension policy during the year on behalf of the director, Mr D W Symes.
2 Intangible fixed assets £
Cost
At 1 June 2015 780,000
At 31 May 2016 780,000
Amortisation
At 1 June 2015 429,083
Provided during the year 70,750
At 31 May 2016 499,833
Net book value
At 31 May 2016 280,167
At 31 May 2015 350,917
3 Tangible fixed assets £
Cost
At 1 June 2015 332,317
Additions 10,344
At 31 May 2016 342,661
Depreciation
At 1 June 2015 150,587
Charge for the year 19,059
At 31 May 2016 169,646
Net book value
At 31 May 2016 173,015
At 31 May 2015 181,730
4 Loans 2016 2015
£ £
Creditors include:
Amounts falling due for payment after more than five years 52,724 104,985
Secured bank loans 297,444 343,435
5 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
B Ordinary shares £1 each 200 200 200
300 300
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