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REGISTERED NUMBER: 02659815 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2023

for

BRIGHT A BLIND LIMITED

BRIGHT A BLIND LIMITED (REGISTERED NUMBER: 02659815)

Contents of the Financial Statements
for the year ended 30 April 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRIGHT A BLIND LIMITED

Company Information
for the year ended 30 April 2023







Directors: Mr M S Felt
Mr J A Perks
Mrs H J Kleidon





Registered office: Unit 5
1-3 North Road
London
N7 9HA





Registered number: 02659815 (England and Wales)





Accountants: Haines Watts North London LLP
3rd Floor
Marlborough House
298 Regents Park Road
Finchley
London
N3 2SZ

BRIGHT A BLIND LIMITED (REGISTERED NUMBER: 02659815)

Balance Sheet
30 April 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 134,418 125,658

Current assets
Stocks 172,391 188,847
Debtors 5 1,883,154 1,499,255
Cash at bank and in hand 433,847 346,976
2,489,392 2,035,078
Creditors
Amounts falling due within one year 6 1,533,760 1,302,427
Net current assets 955,632 732,651
Total assets less current liabilities 1,090,050 858,309

Provisions for liabilities 16,319 20,278
Net assets 1,073,731 838,031

Capital and reserves
Called up share capital 8 1,000 1,000
Capital redemption reserve 50 50
Retained earnings 1,072,681 836,981
Shareholders' funds 1,073,731 838,031

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

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

BRIGHT A BLIND LIMITED (REGISTERED NUMBER: 02659815)

Balance Sheet - continued
30 April 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 January 2024 and were signed on its behalf by:




Mr M S Felt - Director



Mr J A Perks - Director


BRIGHT A BLIND LIMITED (REGISTERED NUMBER: 02659815)

Notes to the Financial Statements
for the year ended 30 April 2023


1. Statutory information

Bright A Blind 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 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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed off.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - over the length of the lease
Plant and machinery - 20% on cost
Motor vehicles - 20% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

BRIGHT A BLIND LIMITED (REGISTERED NUMBER: 02659815)

Notes to the Financial Statements - continued
for the year ended 30 April 2023


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All difference are taken to profit and loss account.

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.

BRIGHT A BLIND LIMITED (REGISTERED NUMBER: 02659815)

Notes to the Financial Statements - continued
for the year ended 30 April 2023


2. Accounting policies - continued

Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

3. Employees and directors

The average number of employees during the year was 36 (2022 - 36 ) .

4. Tangible fixed assets
Short Plant and Motor
leasehold machinery vehicles Totals
£ £ £ £
Cost
At 1 May 2022 174,450 910,921 137,568 1,222,939
Additions 11,603 35,542 7,124 54,269
At 30 April 2023 186,053 946,463 144,692 1,277,208
Depreciation
At 1 May 2022 133,296 826,737 137,248 1,097,281
Charge for year 7,012 36,990 1,507 45,509
At 30 April 2023 140,308 863,727 138,755 1,142,790
Net book value
At 30 April 2023 45,745 82,736 5,937 134,418
At 30 April 2022 41,154 84,184 320 125,658

5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 1,247,077 988,695
Other debtors 636,077 510,560
1,883,154 1,499,255

BRIGHT A BLIND LIMITED (REGISTERED NUMBER: 02659815)

Notes to the Financial Statements - continued
for the year ended 30 April 2023


6. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 648,396 592,202
Taxation and social security 612,251 449,266
Other creditors 273,113 260,959
1,533,760 1,302,427

7. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£ £
Within one year 158,918 158,918
Between one and five years 556,213 715,131
715,131 874,049

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
510 Ordinary A £1 510 510
125 Ordinary B £1 125 125
240 Ordinary C £1 240 240
125 Ordinary D £1 125 125
1,000 1,000

9. Directors advances, credits and guarantees

The following advances and credits to the directors subsisted during the 2 years ended 30 April 2023.

2023 2022
£    £   
Balance outstanding at start of year 239,622 133,511
Amounts advanced 296,853 278,000
Amounts repaid (239,700 ) (171,889 )
Balance outstanding at end of year 296,775 239,622

The directors loans from the company were repaid within nine months of the company year end date.