IRIS Accounts Production v24.1.0.578 SC709109 director 1.10.22 30.9.23 30.9.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC7091092022-09-30SC7091092023-09-30SC7091092022-10-012023-09-30SC7091092021-09-09SC7091092021-09-102022-09-30SC7091092022-09-30SC709109ns15:Scotland2022-10-012023-09-30SC709109ns14:PoundSterling2022-10-012023-09-30SC709109ns10:Director12022-10-012023-09-30SC709109ns10:PrivateLimitedCompanyLtd2022-10-012023-09-30SC709109ns10:SmallEntities2022-10-012023-09-30SC709109ns10:AuditExempt-NoAccountantsReport2022-10-012023-09-30SC709109ns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-30SC709109ns10:SmallCompaniesRegimeForAccounts2022-10-012023-09-30SC709109ns10:FullAccounts2022-10-012023-09-30SC70910912022-10-012023-09-30SC709109ns10:RegisteredOffice2022-10-012023-09-30SC709109ns5:CurrentFinancialInstruments2023-09-30SC709109ns5:CurrentFinancialInstruments2022-09-30SC709109ns5:Non-currentFinancialInstruments2023-09-30SC709109ns5:Non-currentFinancialInstruments2022-09-30SC709109ns5:ShareCapital2023-09-30SC709109ns5:ShareCapital2022-09-30SC709109ns5:RetainedEarningsAccumulatedLosses2023-09-30SC709109ns5:RetainedEarningsAccumulatedLosses2022-09-30SC709109ns5:NetGoodwill2022-10-012023-09-30SC709109ns5:IntangibleAssetsOtherThanGoodwill2022-10-012023-09-30SC709109ns5:PlantMachinery2022-10-012023-09-30SC709109ns5:NetGoodwill2022-09-30SC709109ns5:NetGoodwill2023-09-30SC709109ns5:NetGoodwill2022-09-30SC709109ns5:PlantMachinery2022-09-30SC709109ns5:PlantMachinery2023-09-30SC709109ns5:PlantMachinery2022-09-30SC709109ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-30SC709109ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-30
REGISTERED NUMBER: SC709109 (Scotland)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Forth Blinds Limited

Forth Blinds Limited (Registered number: SC709109)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Forth Blinds Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: Mr P J O'Brien





REGISTERED OFFICE: Unit 16
Mid Road Industrial Estate
Mid Road
Prestonpans
East Lothian
EH32 9ER





REGISTERED NUMBER: SC709109 (Scotland)





ACCOUNTANTS: Asquith & Co Accountants Limited
Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX

Forth Blinds Limited (Registered number: SC709109)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 60,000 26,551
Tangible assets 5 14,215 19,392
74,215 45,943

CURRENT ASSETS
Stocks 12,500 12,500
Debtors 6 37,640 52,365
Cash at bank and in hand 6,134 8,922
56,274 73,787
CREDITORS
Amounts falling due within one year 7 163,413 127,609
NET CURRENT LIABILITIES (107,139 ) (53,822 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(32,924

)

(7,879

)

CREDITORS
Amounts falling due after more than one
year

8

12,992

-
NET LIABILITIES (45,916 ) (7,879 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (46,016 ) (7,979 )
(45,916 ) (7,879 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Forth Blinds Limited (Registered number: SC709109)

Balance Sheet - continued
30 September 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 director and authorised for issue on 17 April 2024 and were signed by:





Mr P J O'Brien - Director


Forth Blinds Limited (Registered number: SC709109)

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

1. STATUTORY INFORMATION

Forth Blinds Limited is a private company, limited by shares , registered in Scotland. 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 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 2021, 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.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

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.

Forth Blinds Limited (Registered number: SC709109)

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

2. ACCOUNTING POLICIES - continued

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 8 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022 26,551
Additions 48,449
At 30 September 2023 75,000
AMORTISATION
Charge for year 15,000
At 30 September 2023 15,000
NET BOOK VALUE
At 30 September 2023 60,000
At 30 September 2022 26,551

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022
and 30 September 2023 25,072
DEPRECIATION
At 1 October 2022 5,680
Charge for year 5,177
At 30 September 2023 10,857
NET BOOK VALUE
At 30 September 2023 14,215
At 30 September 2022 19,392

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 36,136 49,227
Other debtors 1,504 3,138
37,640 52,365

Forth Blinds Limited (Registered number: SC709109)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 7,893 -
Trade creditors 44,419 79,626
Taxation and social security 38,157 16,369
Other creditors 72,944 31,614
163,413 127,609

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans 12,992 -