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REGISTERED NUMBER: 06061237















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

SOLARWISE BLINDS LTD
TRADING AS
FURNISHING WORKSHOP

SOLARWISE BLINDS LTD (REGISTERED NUMBER: 06061237)
TRADING AS FURNISHING WORKSHOP






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

SOLARWISE BLINDS LTD
TRADING AS FURNISHING WORKSHOP

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: M M Ibrahim
Mrs F Ibrahim





SECRETARY: Mrs F Ibrahim





REGISTERED OFFICE: Four Winds
13 Oak Avenue
Enfield
Middlesex
EN2 8LB





REGISTERED NUMBER: 06061237





ACCOUNTANTS: Chris Skarparis & Co Ltd
Chartered Accountants
2nd Floor
10(b) Aldermans Hill
Palmers Green
London
N13 4PJ

SOLARWISE BLINDS LTD (REGISTERED NUMBER: 06061237)
TRADING AS FURNISHING WORKSHOP

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 5,303 6,917

CURRENT ASSETS
Stocks 4 24,500 21,500
Debtors 5 17,838 17,802
42,338 39,302
CREDITORS
Amounts falling due within one year 6 29,113 22,659
NET CURRENT ASSETS 13,225 16,643
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,528

23,560

CREDITORS
Amounts falling due after more than one
year

7

(15,938

)

(20,878

)

PROVISIONS FOR LIABILITIES 8 (990 ) (1,292 )
NET ASSETS 1,600 1,390

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,598 1,388
SHAREHOLDERS' FUNDS 1,600 1,390

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

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

SOLARWISE BLINDS LTD (REGISTERED NUMBER: 06061237)
TRADING AS FURNISHING WORKSHOP

BALANCE SHEET - continued
31 MARCH 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 15 August 2023 and were signed on its behalf by:





M M Ibrahim - Director


SOLARWISE BLINDS LTD (REGISTERED NUMBER: 06061237)
TRADING AS FURNISHING WORKSHOP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. 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.
Plant and machinery - 25% on reducing balance and 20% on reducing balance
Fixtures and fittings - 20% 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 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.

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.

Revenue recognition
Amounts due under contracts-not yet invoiced (work in progress) are valued at the recoverable standard value of time charged by all personnel engaged in the provision of services. Revenue is recognised as the contracts progress to reflect the company's partial performance of the contractual obligation. The amount of revenue recognised reflects the accrual of the right for consideration as contract activity progresses by reference to the value of work performed.

Going concern
As with most businesses the Company has been affected by the ongoing impact of Covid-19, the exit from the European Union and the high level of inflation in the UK economy These have had an impact on the operations, customers, suppliers and staff. The Company is taking all the steps it can to protect the future of the business. Although the total impact is still uncertain the director believes that it is appropriate to prepare the accounts on a going concern basis

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

SOLARWISE BLINDS LTD (REGISTERED NUMBER: 06061237)
TRADING AS FURNISHING WORKSHOP

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 44,330
Additions 75
At 31 March 2023 44,405
DEPRECIATION
At 1 April 2022 37,413
Charge for year 1,689
At 31 March 2023 39,102
NET BOOK VALUE
At 31 March 2023 5,303
At 31 March 2022 6,917

4. STOCKS
31.3.23 31.3.22
£    £   
Stocks 24,500 21,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 3,838 434
Amounts recoverable on contract 14,000 8,500
Directors' current accounts - 8,868
17,838 17,802

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 3,618 3,363
Trade creditors 73 12,489
Tax 352 1,843
Social security and other taxes 554 521
VAT 898 4,443
Directors' current accounts 23,618 -
29,113 22,659

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans more 5 yr by instal 15,938 20,878

SOLARWISE BLINDS LTD (REGISTERED NUMBER: 06061237)
TRADING AS FURNISHING WORKSHOP

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.23 31.3.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 15,938 20,878

8. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax
Accelerated capital allowances 990 1,292

Deferred
tax
£   
Balance at 1 April 2022 1,292
Credit to Income Statement during year (302 )
Charged to Profit & Loss A/c
Balance at 31 March 2023 990

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SOLARWISE BLINDS LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Solarwise Blinds Ltd for the year ended 31 March 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Solarwise Blinds Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Solarwise Blinds Ltd and state those matters that we have agreed to state to the Board of Directors of Solarwise Blinds Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Solarwise Blinds Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Solarwise Blinds Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Solarwise Blinds Ltd. You consider that Solarwise Blinds Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Solarwise Blinds Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Chris Skarparis & Co Ltd
Chartered Accountants
2nd Floor
10(b) Aldermans Hill
Palmers Green
London
N13 4PJ


15 August 2023