Registered number
08876071
Ark Blinds & Awnings Limited
Filleted Accounts
29 February 2024
Ark Blinds & Awnings Limited
Registered number: 08876071
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 27,569 10,009
Current assets
Stocks 1,000 1,000
Cash at bank and in hand 9,646 54,614
10,646 55,614
Creditors: amounts falling due within one year 4 (14,805) (37,265)
Net current (liabilities)/assets (4,159) 18,349
Total assets less current liabilities 23,410 28,358
Creditors: amounts falling due after more than one year 5 (26,763) (1,372)
Net (liabilities)/assets (3,353) 26,986
Capital and reserves
Called up share capital 100 100
Profit and loss account (3,453) 26,886
Shareholders' funds (3,353) 26,986
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Kidd
Director
Approved by the board on 3 April 2024
Ark Blinds & Awnings Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2023 1,154 35,780 36,934
Additions - 27,536 27,536
Disposals - (35,780) (35,780)
At 29 February 2024 1,154 27,536 28,690
Depreciation
At 1 March 2023 539 26,386 26,925
Charge for the year 123 459 582
On disposals - (26,386) (26,386)
At 29 February 2024 662 459 1,121
Net book value
At 29 February 2024 492 27,077 27,569
At 28 February 2023 615 9,394 10,009
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,958 -
Obligations under finance lease and hire purchase contracts - 3,824
Trade creditors - 7,354
Taxation and social security costs 7,660 23,948
Other creditors 2,187 2,139
14,805 37,265
5 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 26,763 1,372
6 Other information
Ark Blinds & Awnings Limited is a private company limited by shares and incorporated in England. Its registered office is:
Holly House
Copthorne Bank
Copthorne
RH10 3JH
Ark Blinds & Awnings Limited 08876071 false 2023-03-01 2024-02-29 2024-02-29 VT Final Accounts April 2024 R Kidd No description of principal activity 08876071 2022-03-01 2023-02-28 08876071 core:WithinOneYear 2023-02-28 08876071 core:AfterOneYear 2023-02-28 08876071 core:ShareCapital 2023-02-28 08876071 core:RetainedEarningsAccumulatedLosses 2023-02-28 08876071 2023-03-01 2024-02-29 08876071 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 08876071 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 08876071 bus:Director40 2023-03-01 2024-02-29 08876071 1 2023-03-01 2024-02-29 08876071 2 2023-03-01 2024-02-29 08876071 core:PlantMachinery 2023-03-01 2024-02-29 08876071 core:Vehicles 2023-03-01 2024-02-29 08876071 countries:England 2023-03-01 2024-02-29 08876071 bus:FRS102 2023-03-01 2024-02-29 08876071 bus:FilletedAccounts 2023-03-01 2024-02-29 08876071 2024-02-29 08876071 core:WithinOneYear 2024-02-29 08876071 core:AfterOneYear 2024-02-29 08876071 core:ShareCapital 2024-02-29 08876071 core:RetainedEarningsAccumulatedLosses 2024-02-29 08876071 core:PlantMachinery 2024-02-29 08876071 core:Vehicles 2024-02-29 08876071 2023-02-28 08876071 core:PlantMachinery 2023-02-28 08876071 core:Vehicles 2023-02-28 iso4217:GBP xbrli:pure