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REGISTERED NUMBER: 02330557 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 May 2023

for

Farnborough Blind Company Limited

Farnborough Blind Company Limited (Registered number: 02330557)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Farnborough Blind Company Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: W I Wyatt
Mrs D Wyatt





REGISTERED OFFICE: Unit 7
North Downs Business Park
Limepit Lane
Sevenoaks
Kent
TN13 2TL





REGISTERED NUMBER: 02330557 (England and Wales)





ACCOUNTANTS: Granite Morgan Smith Limited
122 Feering Hill
Feering
Colchester
Essex
CO5 9PY

Farnborough Blind Company Limited (Registered number: 02330557)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 139,339 172,251
Investments 5 4 4
139,343 172,255

CURRENT ASSETS
Stocks 263,147 221,377
Debtors 6 484,208 198,634
Investments 7 591,552 599,234
Cash at bank and in hand 759,338 500,573
2,098,245 1,519,818
CREDITORS
Amounts falling due within one year 8 488,232 356,380
NET CURRENT ASSETS 1,610,013 1,163,438
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,749,356

1,335,693

CREDITORS
Amounts falling due after more than one
year

9

(9,633

)

-

PROVISIONS FOR LIABILITIES (25,015 ) (30,433 )
NET ASSETS 1,714,708 1,305,260

CAPITAL AND RESERVES
Called up share capital 953 952
Capital redemption reserve 50 50
Retained earnings 1,713,705 1,304,258
SHAREHOLDERS' FUNDS 1,714,708 1,305,260

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

Farnborough Blind Company Limited (Registered number: 02330557)

Balance Sheet - continued
31 May 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 October 2023 and were signed on its behalf by:





W I Wyatt - Director


Farnborough Blind Company Limited (Registered number: 02330557)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

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

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 etc - 25% on reducing balance, 25% on cost and Straight line over 3 years

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 Income Statement, 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Farnborough Blind Company Limited (Registered number: 02330557)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 494,177
Additions 23,623
Disposals (13,046 )
At 31 May 2023 504,754
DEPRECIATION
At 1 June 2022 321,926
Charge for year 56,536
Eliminated on disposal (13,047 )
At 31 May 2023 365,415
NET BOOK VALUE
At 31 May 2023 139,339
At 31 May 2022 172,251

Farnborough Blind Company Limited (Registered number: 02330557)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 June 2022 37,754
Disposals (13,046 )
At 31 May 2023 24,708
DEPRECIATION
At 1 June 2022 26,857
Eliminated on disposal (13,047 )
At 31 May 2023 13,810
NET BOOK VALUE
At 31 May 2023 10,898
At 31 May 2022 10,897

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2022
and 31 May 2023 4
NET BOOK VALUE
At 31 May 2023 4
At 31 May 2022 4

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 448,316 167,694
Other debtors 35,892 30,940
484,208 198,634

7. CURRENT ASSET INVESTMENTS
31.5.23 31.5.22
£    £   
Listed investments 591,552 599,234

Farnborough Blind Company Limited (Registered number: 02330557)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Hire purchase contracts (see note 10) 5,254 -
Trade creditors 106,312 85,963
Taxation and social security 276,155 180,208
Other creditors 100,511 90,209
488,232 356,380

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Hire purchase contracts (see note 10) 9,633 -

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.5.23 31.5.22
£    £   
Net obligations repayable:
Within one year 5,254 -
Between one and five years 9,633 -
14,887 -

Non-cancellable operating leases
31.5.23 31.5.22
£    £   
Within one year 71,982 71,350
Between one and five years 287,926 287,926
In more than five years 167,957 239,938
527,865 599,214

11. POST BALANCE SHEET EVENTS

No events have occurred since the date of the balance sheet which need to be brought to the attention of shareholders or third parties.