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REGISTERED NUMBER: 08850451 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

KERRYS BLINDS LIMITED

KERRYS BLINDS LIMITED (REGISTERED NUMBER: 08850451)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KERRYS BLINDS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: Mr M Kerry



REGISTERED OFFICE: 12 Victoria Road
Barnsley
South Yorkshire
S70 2BB



REGISTERED NUMBER: 08850451 (England and Wales)



ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB



BANKERS: National Westminister Bank Plc
Bank Street
Mexborough
South Yorkshire
S64 9QE

KERRYS BLINDS LIMITED (REGISTERED NUMBER: 08850451)

BALANCE SHEET
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 93,401 96,461

CURRENT ASSETS
Stocks 30,000 30,000
Debtors 5 67,802 66,298
Cash at bank and in hand 222,925 149,367
320,727 245,665
CREDITORS
Amounts falling due within one year 6 147,400 107,240
NET CURRENT ASSETS 173,327 138,425
TOTAL ASSETS LESS CURRENT LIABILITIES 266,728 234,886

CREDITORS
Amounts falling due after more than
one year

7

(31,888

)

(46,555

)

PROVISIONS FOR LIABILITIES (22,905 ) (17,915 )
NET ASSETS 211,935 170,416

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 211,835 170,316
SHAREHOLDERS' FUNDS 211,935 170,416

KERRYS BLINDS LIMITED (REGISTERED NUMBER: 08850451)

BALANCE SHEET - continued
31 JANUARY 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 11 October 2023 and were signed by:





Mr M Kerry - Director


KERRYS BLINDS LIMITED (REGISTERED NUMBER: 08850451)

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

1. STATUTORY INFORMATION

Kerrys Blinds 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

Turnover from the sale of internal blinds is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant & machinery- 25% reducing balance
Fixtures & fittings- 15% reducing balance

KERRYS BLINDS LIMITED (REGISTERED NUMBER: 08850451)

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

2. ACCOUNTING POLICIES - continued

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving stock.

Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

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.

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 10 (2022 - 8 ) .

KERRYS BLINDS LIMITED (REGISTERED NUMBER: 08850451)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 February 2022 137,601 24,840 162,441
Additions 23,190 265 23,455
At 31 January 2023 160,791 25,105 185,896
DEPRECIATION
At 1 February 2022 54,967 11,013 65,980
Charge for year 24,401 2,114 26,515
At 31 January 2023 79,368 13,127 92,495
NET BOOK VALUE
At 31 January 2023 81,423 11,978 93,401
At 31 January 2022 82,634 13,827 96,461

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 February 2022
and 31 January 2023 27,450
DEPRECIATION
At 1 February 2022 7,878
Charge for year 4,893
At 31 January 2023 12,771
NET BOOK VALUE
At 31 January 2023 14,679
At 31 January 2022 19,572

KERRYS BLINDS LIMITED (REGISTERED NUMBER: 08850451)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 48,959 53,372
Prepayments and accrued income 18,843 12,926
67,802 66,298

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 8) 4,667 4,667
Trade creditors 62,563 42,827
Corporation tax 16,992 15,466
Social security and other taxes 2,865 2,773
VAT 18,983 7,688
Other creditors 3,008 3,401
Directors' current accounts 17,501 17,501
Accruals and deferred income 10,821 2,917
147,400 107,240

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans - 1-5 years 23,333 33,333
Hire purchase contracts (see note 8) 8,555 13,222
31,888 46,555

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.1.23 31.1.22
£    £   
Net obligations repayable:
Within one year 4,667 4,667
Between one and five years 8,555 13,222
13,222 17,889

KERRYS BLINDS LIMITED (REGISTERED NUMBER: 08850451)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.23 31.1.22
£    £   
Hire purchase contracts 13,222 17,889

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
80 A Ordinary £1 90 90
20 B Ordinary £1 10 10
100 100