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REGISTERED NUMBER: 09757649















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Shutter Specialists Ltd

Shutter Specialists Ltd (Registered number: 09757649)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Shutter Specialists Ltd

Company Information
for the Year Ended 30 September 2023







DIRECTOR: R Cole



SECRETARY: R Cole



REGISTERED OFFICE: Suite 13 Enterprise House
Boathouse Meadow Business Park
Cherry Orchard Lane
Salisbury
Wiltshire
SP2 7LD



REGISTERED NUMBER: 09757649



ACCOUNTANTS: TMT Accountancy Services Limited
Suite 13 Enterprise House
Boathouse Meadow Business Park
Cherry Orchard Lane
Salisbury
Wiltshire
SP2 7LD



BANKERS: Lloyds TSB Bank PLC
38 Blue Boar Row
Salisbury
Wiltshire
SP1 1DA

Shutter Specialists Ltd (Registered number: 09757649)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 5,384 6,981
5,385 6,982

CURRENT ASSETS
Stocks 5,304 6,115
Debtors 6 17,089 14,575
Cash at bank 1 1
22,394 20,691
CREDITORS
Amounts falling due within one year 7 60,614 63,325
NET CURRENT LIABILITIES (38,220 ) (42,634 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(32,835

)

(35,652

)

PROVISIONS FOR LIABILITIES 1,023 1,327
NET LIABILITIES (33,858 ) (36,979 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (34,858 ) (37,979 )
SHAREHOLDERS' FUNDS (33,858 ) (36,979 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Shutter Specialists Ltd (Registered number: 09757649)

Balance Sheet - continued
30 September 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 director and authorised for issue on 1 November 2023 and were signed by:





R Cole - Director


Shutter Specialists Ltd (Registered number: 09757649)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Shutter Specialists Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

Goodwill
Franchise fees, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

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.

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 - 10% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

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.


Shutter Specialists Ltd (Registered number: 09757649)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

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 NIL (2022 - 1 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 20,000
AMORTISATION
At 1 October 2022
and 30 September 2023 19,999
NET BOOK VALUE
At 30 September 2023 1
At 30 September 2022 1

Shutter Specialists Ltd (Registered number: 09757649)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022
and 30 September 2023 16,053
DEPRECIATION
At 1 October 2022 9,072
Charge for year 1,597
At 30 September 2023 10,669
NET BOOK VALUE
At 30 September 2023 5,384
At 30 September 2022 6,981

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 17,089 14,410
Other debtors - 165
17,089 14,575

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 3,568 4,575
Trade creditors 658 1,948
Taxation and social security 1,061 351
Other creditors 55,327 56,451
60,614 63,325

8. RELATED PARTY DISCLOSURES

Creditors due within one year include £54,772 (2022 £53,001) which is due to Mr Robert Cole, whom is the sole director and shareholder.