Registered number
04559553
Charisma Blinds Ltd
Filleted Accounts
31 December 2022
Charisma Blinds Ltd
Registered number: 04559553
Balance Sheet
as at 31 December 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 2,276 4,008
Current assets
Stocks 3,500 4,150
Cash at bank and in hand 3,659 4,346
7,159 8,496
Creditors: amounts falling due within one year 4 (2,718) (2,883)
Net current assets 4,441 5,613
Net assets 6,717 9,621
Capital and reserves
Share premium 2 2
Profit and loss account 6,715 9,619
Shareholders' funds 6,717 9,621
The directors are 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 directors acknowledge their 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
E Relph
Director
Approved by the board on 28 September 2023
Charisma Blinds Ltd
Notes to the Accounts
for the year ended 31 December 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% on reducing balance
Motor Vehicles 25% on reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2022 10,610 7,000 17,610
At 31 December 2022 10,610 7,000 17,610
Depreciation
At 1 January 2022 10,192 3,410 13,602
Charge for the year 139 1,593 1,732
At 31 December 2022 10,331 5,003 15,334
Net book value
At 31 December 2022 279 1,997 2,276
At 31 December 2021 418 3,590 4,008
4 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors 1,008 1,008
Taxation and social security costs 1,710 1,845
Other creditors - 30
2,718 2,883
5 Other information
Charisma Blinds Ltd is a private company limited by shares and incorporated in England. Its registered office is:
5a Church Road South
Woolton Village
Liverpool
L25 7RJ
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