PREMIER CONTRACT BLINDS LIMITED

Company Registration Number:
SC498742 (Scotland)

Unaudited abridged accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

PREMIER CONTRACT BLINDS LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2023

Balance sheet
Notes

PREMIER CONTRACT BLINDS LIMITED

Balance sheet

As at 28 February 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 1,179 1,678
Total fixed assets: 1,179 1,678
Current assets
Stocks: 3,000 3,000
Debtors:   14,980 38,133
Cash at bank and in hand: 12,712 19,354
Total current assets: 30,692 60,487
Creditors: amounts falling due within one year:   (34,738) (35,854)
Net current assets (liabilities): (4,046) 24,633
Total assets less current liabilities: (2,867) 26,311
Provision for liabilities: (224) (319)
Total net assets (liabilities): (3,091) 25,992
Capital and reserves
Called up share capital: 200 200
Share premium account: 49,900 49,900
Profit and loss account: (53,191) (24,108)
Shareholders funds: (3,091) 25,992

The notes form part of these financial statements

PREMIER CONTRACT BLINDS LIMITED

Balance sheet statements

For the year ending 28 February 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 22 February 2024
and signed on behalf of the board by:

Name: Mr S D Borthwick
Status: Director

The notes form part of these financial statements

PREMIER CONTRACT BLINDS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and servicesprovided in the normal course of business, and is shown net of VAT and other sales related taxes. The fairvalue of consideration takes into account trade discounts, settlement discounts and volume rebates.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of thegoods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measuredreliably, it is probable that the economic benefits associated with the transaction will flow to the entity and thecosts incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net ofdepreciation and any impairment losses.Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over theiruseful lives on the following bases:Plant and machinery 25% Straight lineComputer equipment 33% Straight lineMotor vehicles 20% Straight line

PREMIER CONTRACT BLINDS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

2. Employees

2023 2022
Average number of employees during the period 1 2

PREMIER CONTRACT BLINDS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Tangible Assets

Total
Cost £
At 01 March 2022 2,848
At 28 February 2023 2,848
Depreciation
At 01 March 2022 1,170
Charge for year 499
At 28 February 2023 1,669
Net book value
At 28 February 2023 1,179
At 28 February 2022 1,678

Trade debtors 14,980 38,133