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REGISTERED NUMBER: 04634850 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

DEVONSHIRE BLINDS LTD

DEVONSHIRE BLINDS LTD (REGISTERED NUMBER: 04634850)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DEVONSHIRE BLINDS LTD

COMPANY INFORMATION
for the year ended 29 February 2024







DIRECTORS: Mrs S M Hall
Mr R A Hall





SECRETARY: Mrs S M Hall





REGISTERED OFFICE: 17 St Peters Place
Fleetwood
Lancashire
FY7 6EB





REGISTERED NUMBER: 04634850 (England and Wales)





ACCOUNTANTS: Jones Harris Limited
Chartered Accountants
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB

DEVONSHIRE BLINDS LTD (REGISTERED NUMBER: 04634850)

BALANCE SHEET
29 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 74,609 57,594

CURRENT ASSETS
Stocks 20,000 16,000
Debtors 5 40,234 92,177
Cash at bank and in hand 303,872 347,158
364,106 455,335
CREDITORS
Amounts falling due within one year 6 (51,081 ) (99,744 )
NET CURRENT ASSETS 313,025 355,591
TOTAL ASSETS LESS CURRENT
LIABILITIES

387,634

413,185

PROVISIONS FOR LIABILITIES (14,176 ) (10,943 )
NET ASSETS 373,458 402,242

CAPITAL AND RESERVES
Called up share capital 130 130
Retained earnings 373,328 402,112
SHAREHOLDERS' FUNDS 373,458 402,242

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

DEVONSHIRE BLINDS LTD (REGISTERED NUMBER: 04634850)

BALANCE SHEET - continued
29 February 2024


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 12 April 2024 and were signed on its behalf by:





Mr R A Hall - Director


DEVONSHIRE BLINDS LTD (REGISTERED NUMBER: 04634850)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Devonshire 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.

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 represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 33% 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.

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.

DEVONSHIRE BLINDS LTD (REGISTERED NUMBER: 04634850)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 March 2023 1,740 32,965 12,777
Additions - - -
Disposals - - -
At 29 February 2024 1,740 32,965 12,777
DEPRECIATION
At 1 March 2023 1,740 25,840 9,363
Charge for year - 1,069 512
Eliminated on disposal - - -
At 29 February 2024 1,740 26,909 9,875
NET BOOK VALUE
At 29 February 2024 - 6,056 2,902
At 28 February 2023 - 7,125 3,414

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023 124,935 26,794 199,211
Additions 55,358 1,630 56,988
Disposals (29,594 ) - (29,594 )
At 29 February 2024 150,699 28,424 226,605
DEPRECIATION
At 1 March 2023 81,365 23,309 141,617
Charge for year 25,299 2,406 29,286
Eliminated on disposal (18,907 ) - (18,907 )
At 29 February 2024 87,757 25,715 151,996
NET BOOK VALUE
At 29 February 2024 62,942 2,709 74,609
At 28 February 2023 43,570 3,485 57,594

DEVONSHIRE BLINDS LTD (REGISTERED NUMBER: 04634850)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 35,241 91,607
Tax - 70
Prepayments 4,993 500
40,234 92,177

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 17,446 36,880
Tax 5,263 27,641
Social security and other taxes 5,354 2,910
VAT 18,655 28,154
Directors' current accounts 79 100
Accruals and deferred income 4,284 4,059
51,081 99,744

7. OTHER FINANCIAL COMMITMENTS

The company had operating lease commitments at 29th February 2024 of £7,740 (2023 - £11,963).

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
Mrs S M Hall and Mr R A Hall
Balance outstanding at start of year - -
Amounts advanced 4,251 -
Amounts repaid (4,251 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £43,340 (2023 - £56,400) were paid to the directors .

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs S M Hall.