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REGISTERED NUMBER: 07492500 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

CURTAINIQUE LIMITED

CURTAINIQUE LIMITED (REGISTERED NUMBER: 07492500)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CURTAINIQUE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: C N Halls
B Halls
Mrs T Burgess
Mrs D Halls





REGISTERED OFFICE: Unit 9
Anglia Way
Wisbech
Cambridgeshire
PE13 2TY





REGISTERED NUMBER: 07492500 (England and Wales)





ACCOUNTANTS: Wheelers
Chartered Accountants & Tax Consultants
27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE

CURTAINIQUE LIMITED (REGISTERED NUMBER: 07492500)

BALANCE SHEET
31 DECEMBER 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 13,708 17,469
Tangible assets 5 47,871 20,904
61,579 38,373

CURRENT ASSETS
Stocks 7,150 8,000
Debtors 6 82,157 124,750
Cash at bank 102,085 71,127
191,392 203,877
CREDITORS
Amounts falling due within one year 7 144,115 152,403
NET CURRENT ASSETS 47,277 51,474
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,856

89,847

CREDITORS
Amounts falling due after more than one
year

8

(23,917

)

(35,100

)

PROVISIONS FOR LIABILITIES (11,700 ) (7,300 )
NET ASSETS 73,239 47,447

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 73,139 47,347
SHAREHOLDERS' FUNDS 73,239 47,447

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

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

CURTAINIQUE LIMITED (REGISTERED NUMBER: 07492500)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2022 and were signed on its behalf by:





C N Halls - Director


CURTAINIQUE LIMITED (REGISTERED NUMBER: 07492500)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

Curtainique 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The directors believe that the company is well placed to manage its financial risks successfully and have reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Marketing is being amortised evenly over its estimated useful life of five years.

Computer software 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.
Plant and machinery - 25% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


CURTAINIQUE LIMITED (REGISTERED NUMBER: 07492500)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

2. ACCOUNTING POLICIES - continued
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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2020 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Computer
Marketing software Totals
£    £    £   
COST
At 1 January 2021
and 31 December 2021 23,275 4,060 27,335
AMORTISATION
At 1 January 2021 9,020 846 9,866
Amortisation for year 3,355 406 3,761
At 31 December 2021 12,375 1,252 13,627
NET BOOK VALUE
At 31 December 2021 10,900 2,808 13,708
At 31 December 2020 14,255 3,214 17,469

CURTAINIQUE LIMITED (REGISTERED NUMBER: 07492500)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2021 43,607 41,580 85,187
Additions 36,120 - 36,120
At 31 December 2021 79,727 41,580 121,307
DEPRECIATION
At 1 January 2021 31,484 32,799 64,283
Charge for year 6,958 2,195 9,153
At 31 December 2021 38,442 34,994 73,436
NET BOOK VALUE
At 31 December 2021 41,285 6,586 47,871
At 31 December 2020 12,123 8,781 20,904

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 81,439 124,198
Other debtors 718 552
82,157 124,750

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans and overdrafts 11,767 10,153
Advances in respect of invoice
discounting 23,741 30,735
Trade creditors 36,903 9,668
Taxation and social security 40,415 74,300
Other creditors 31,289 27,547
144,115 152,403

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.21 31.12.20
£    £   
Bank loans 23,917 35,100

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 2,333

CURTAINIQUE LIMITED (REGISTERED NUMBER: 07492500)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.21 31.12.20
£    £   
Within one year 22,000 22,000
Between one and five years 1,833 23,833
23,833 45,833

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.21 31.12.20
£    £   
Invoice discounting advances 23,741 30,735

The invoice discounting advances are secured by a debenture in favour of SME Invoice Finance Limited by way of fixed and floating charges over the assets of the company.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2021 and 31 December 2020:

31.12.21 31.12.20
£    £   
C N Halls and Mrs D Halls
Balance outstanding at start of year - 9,685
Amounts repaid - (9,685 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -