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REGISTERED NUMBER: 09858306 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Amor Blinds Ltd

Amor Blinds Ltd (Registered number: 09858306)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Amor Blinds Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: C R Amor
M Amor
Mrs J Amor



REGISTERED OFFICE: c/o Baines & Co
46 Rolle Street
Exmouth
Devon
EX8 2SQ



REGISTERED NUMBER: 09858306 (England and Wales)



ACCOUNTANTS: Baines & Co
46 Rolle Street
Exmouth
Devon
EX8 2SQ



BANKERS: NatWest Bank plc
11 Rolle Street
Exmouth
Devon
EX8 1HJ

Amor Blinds Ltd (Registered number: 09858306)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,000 6,000
Tangible assets 5 23,289 30,702
27,289 36,702

CURRENT ASSETS
Stocks 6 9,176 8,619
Debtors 7 31,005 31,328
Cash at bank and in hand 34,925 75,582
75,106 115,529
CREDITORS
Amounts falling due within one year 8 80,656 114,507
NET CURRENT (LIABILITIES)/ASSETS (5,550 ) 1,022
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,739

37,724

CREDITORS
Amounts falling due after more than one
year

9

(24,849

)

(39,669

)

PROVISIONS FOR LIABILITIES 12 (4,425 ) (5,834 )
NET LIABILITIES (7,535 ) (7,779 )

CAPITAL AND RESERVES
Called up share capital 13 900 900
Retained earnings 14 (8,435 ) (8,679 )
SHAREHOLDERS' FUNDS (7,535 ) (7,779 )

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

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

Amor Blinds Ltd (Registered number: 09858306)

Balance Sheet - continued
30 November 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 18 February 2024 and were signed on its behalf by:




C R Amor - Director M Amor - Director




Mrs J Amor - Director


Amor Blinds Ltd (Registered number: 09858306)

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

1. STATUTORY INFORMATION

Amor Blinds Ltd 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 presentation currency of the financial statements is the Pound Sterling (£).


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
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 25% on cost

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.


Amor Blinds Ltd (Registered number: 09858306)

Notes to the Financial Statements - continued
for the Year Ended 30 November 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
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.

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 7 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 20,000
AMORTISATION
At 1 December 2022 14,000
Amortisation for year 2,000
At 30 November 2023 16,000
NET BOOK VALUE
At 30 November 2023 4,000
At 30 November 2022 6,000

Amor Blinds Ltd (Registered number: 09858306)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 20,069 7,619 55,527 5,961 89,176
Additions 2,916 - - - 2,916
At 30 November 2023 22,985 7,619 55,527 5,961 92,092
DEPRECIATION
At 1 December 2022 19,550 3,868 31,695 3,361 58,474
Charge for year 755 763 7,944 867 10,329
At 30 November 2023 20,305 4,631 39,639 4,228 68,803
NET BOOK VALUE
At 30 November 2023 2,680 2,988 15,888 1,733 23,289
At 30 November 2022 519 3,751 23,832 2,600 30,702

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 December 2022
and 30 November 2023 25,720
DEPRECIATION
At 1 December 2022 10,288
Charge for year 5,144
At 30 November 2023 15,432
NET BOOK VALUE
At 30 November 2023 10,288
At 30 November 2022 15,432

6. STOCKS
30.11.23 30.11.22
£    £   
Stocks 9,176 8,619

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 15,743 21,433
Other debtors 4,636 3,654
Directors' current accounts 10,380 5,995
Prepayments 246 246
31,005 31,328

Amor Blinds Ltd (Registered number: 09858306)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts (see note 10) 10,648 10,648
Hire purchase contracts 5,129 5,129
Payments on account 27,458 49,972
Trade creditors 13,377 23,874
Tax 10,693 7,690
Social security and other taxes - 5,401
VAT 9,955 8,189
Other creditors 646 604
Accrued expenses 2,750 3,000
80,656 114,507

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans (see note 10) 15,446 25,137
Hire purchase contracts 9,403 14,532
24,849 39,669

10. LOANS

An analysis of the maturity of loans is given below:

30.11.23 30.11.22
£    £   
Amounts falling due within one year or on demand:
Bounce back loan 10,648 10,648

Amounts falling due between two and five years:
Bounce back loan 15,446 25,137

11. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 26,094 35,785
Hire purchase contracts 14,532 19,661
40,626 55,446

12. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax 4,425 5,834

Amor Blinds Ltd (Registered number: 09858306)

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

12. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 December 2022 5,834
Credit to Income Statement during year (1,409 )
Balance at 30 November 2023 4,425

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
900 Ordinary 1 900 900

14. RESERVES
Retained
earnings
£   

At 1 December 2022 (8,679 )
Profit for the year 36,244
Dividends (36,000 )
At 30 November 2023 (8,435 )

15. RELATED PARTY DISCLOSURES

During the year, total dividends of £36,000 (2022 - £36,000) were paid to the directors .

16. ULTIMATE CONTROLLING PARTY

The controlling party is the directors jointly.

The ultimate controlling party is the directors jointly.