Registered number
08876071
Ark Blinds & Awnings Limited
Filleted Accounts
28 February 2023
Ark Blinds & Awnings Limited
Registered number: 08876071
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 10,009 12,518
Current assets
Stocks 1,000 1,000
Cash at bank and in hand 54,614 73,274
55,614 74,274
Creditors: amounts falling due within one year 4 (37,265) (53,698)
Net current assets 18,349 20,576
Total assets less current liabilities 28,358 33,094
Creditors: amounts falling due after more than one year 5 (1,372) (4,346)
Net assets 26,986 28,748
Capital and reserves
Called up share capital 100 100
Profit and loss account 26,886 28,648
Shareholders' funds 26,986 28,748
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.
R Kidd
Director
Approved by the board on 9 May 2023
Ark Blinds & Awnings Limited
Notes to the Accounts
for the year ended 28 February 2023
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 over 5 years
Fixtures, fittings, tools and equipment over 5 years
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. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
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 March 2022 36,289 35,780 72,069
At 28 February 2023 36,289 35,780 72,069
Depreciation
At 1 March 2022 35,514 24,037 59,551
Charge for the year 160 2,349 2,509
At 28 February 2023 35,674 26,386 62,060
Net book value
At 28 February 2023 615 9,394 10,009
At 28 February 2022 775 11,743 12,518
4 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 3,824 3,824
Trade creditors 7,354 12,064
Taxation and social security costs 23,948 35,328
Other creditors 2,139 2,482
37,265 53,698
5 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 1,372 4,346
6 Other information
Ark Blinds & Awnings Limited is a private company limited by shares and incorporated in England. Its registered office is:
Holly House
Copthorne Bank
Copthorne
RH10 3JH
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