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Registered Number: 05654894


 

 

 

HARMONY BLINDS (READING) LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
Directors Peter Colin Badger
Carole Louise Badger
Registered Number 05654894
Registered Office 4 Highworth Way
Tilehurst
Reading
Berkshire
RG31 6GP
Secretary Carole Louise Badger
1
Director's report and financial statements
The directors present their annual report and the financial statements for the year ended 31 March 2024.
Principal activities
Principal activity of the company during the financial year was of retail and fitting of blinds.
Directors
The directors who served the company throughout the year were as follows:
Peter Colin Badger
Carole Louise Badger

This report was approved by the board and signed on its behalf by:


----------------------------------
Peter Colin Badger
Director

Date approved: 05 July 2024
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 48,294    15,201 
48,294    15,201 
Current assets      
Debtors 4 21,397    45,808 
Cash at bank and in hand 26,931    24,448 
48,328    70,256 
Creditors: amount falling due within one year 5 (38,703)   (57,768)
Net current assets 9,625    12,488 
 
Total assets less current liabilities 57,919    27,689 
Creditors: amount falling due after more than one year 6 (23,297)  
Provisions for liabilities 7 (8,271)   (1,760)
Net assets 26,351    25,929 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 26,251    25,831 
Shareholders' funds 26,351    25,931 
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 05 July 2024 and were signed on its behalf by:


-------------------------------
Peter Colin Badger
Director
3
General Information
Harmony Blinds (Reading) Limited is a private company, limited by shares, registered in , registration number 05654894, registration address 4 Highworth Way , Tilehurst, Reading, Berkshire, RG31 6GP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
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.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.

Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Reducing Balance
Fixtures and Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 April 2023 42,414    8,586    945    51,945 
Additions 43,995        43,995 
Disposals      
At 31 March 2024 86,409    8,586    945    95,940 
Depreciation
At 01 April 2023 33,009    3,254    482    36,745 
Charge for year 9,742    1,066    93    10,901 
On disposals      
At 31 March 2024 42,751    4,320    575    47,646 
Net book values
Closing balance as at 31 March 2024 43,658    4,266    370    48,294 
Opening balance as at 01 April 2023 9,405    5,332    464    15,201 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 20,874    45,214 
Prepayments & Accrued Income 523    594 
21,397    45,808 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 6,115    14,036 
Hire Purchase - less than 1 year 6,066   
Social Security and Other Taxes 15,496    28,218 
Accruals and Deferred Income 11,025    15,497 
Directors' Current Accounts   17 
38,703    57,768 

6.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Hire Purchase - 1-5 years 23,297   
23,297   

7.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 8,271    1,760 
8,271    1,760 

8.

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.
4