Eckersley's Blinds Ltd 03913404 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is manufacturing and supply of blinds, curtains, rods, poles and fixtures Digita Accounts Production Advanced 6.30.9574.0 true 03913404 2023-01-01 2023-12-31 03913404 2023-12-31 03913404 bus:OrdinaryShareClass1 2023-12-31 03913404 bus:OrdinaryShareClass2 2023-12-31 03913404 core:CurrentFinancialInstruments 2023-12-31 03913404 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 03913404 core:Non-currentFinancialInstruments 2023-12-31 03913404 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 03913404 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-31 03913404 core:MotorVehicles 2023-12-31 03913404 core:OtherPropertyPlantEquipment 2023-12-31 03913404 bus:SmallEntities 2023-01-01 2023-12-31 03913404 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 03913404 bus:FullAccounts 2023-01-01 2023-12-31 03913404 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03913404 bus:RegisteredOffice 2023-01-01 2023-12-31 03913404 bus:Director1 2023-01-01 2023-12-31 03913404 bus:Director2 2023-01-01 2023-12-31 03913404 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 03913404 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 03913404 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03913404 core:LandBuildings core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03913404 core:MotorVehicles 2023-01-01 2023-12-31 03913404 core:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 03913404 core:PlantMachinery 2023-01-01 2023-12-31 03913404 countries:EnglandWales 2023-01-01 2023-12-31 03913404 2022-12-31 03913404 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-31 03913404 core:MotorVehicles 2022-12-31 03913404 core:OtherPropertyPlantEquipment 2022-12-31 03913404 2022-01-01 2022-12-31 03913404 2022-12-31 03913404 bus:OrdinaryShareClass1 2022-12-31 03913404 bus:OrdinaryShareClass2 2022-12-31 03913404 core:CurrentFinancialInstruments 2022-12-31 03913404 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 03913404 core:Non-currentFinancialInstruments 2022-12-31 03913404 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 03913404 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-31 03913404 core:MotorVehicles 2022-12-31 03913404 core:OtherPropertyPlantEquipment 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 03913404

Eckersley's Blinds Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Eckersley's Blinds Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Eckersley's Blinds Ltd

Company Information

Directors

Mrs Samantha Jane Engleby

Mr Steven George Engleby

Registered office

1st Floor
8-12 London Street
Southport
Merseyside
PR9 0UE

Accountants

GMR Accountants Ltd
1st Floor
8/12 London Street
Southport
Merseyside
PR9 0UE

 

Eckersley's Blinds Ltd

(Registration number: 03913404)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

22,737

22,737

Current assets

 

Stocks

5

1,000

800

Debtors

6

3,667

30,009

Cash at bank and in hand

 

1,349

25,901

 

6,016

56,710

Creditors: Amounts falling due within one year

7

(13,282)

(23,927)

Net current (liabilities)/assets

 

(7,266)

32,783

Total assets less current liabilities

 

15,471

55,520

Creditors: Amounts falling due after more than one year

7

(6,451)

(10,333)

Net assets

 

9,020

45,187

Capital and reserves

 

Called up share capital

9

150

150

Retained earnings

8,870

45,037

Shareholders' funds

 

9,020

45,187

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 25 July 2024 and signed on its behalf by:
 

.........................................
Mrs Samantha Jane Engleby
Director

 

Eckersley's Blinds Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1st Floor
8-12 London Street
Southport
Merseyside
PR9 0UE
United Kingdom

These financial statements were authorised for issue by the Board on 25 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Eckersley's Blinds Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Asset class

Depreciation method and rate

Plant and equipment

15% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Eckersley's Blinds Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 4).

4

Tangible assets

Land and buildings
£

Motor vehicles
 £

Other tangible assets
 £

Total
£

Cost or valuation

At 1 January 2023

3,606

500

36,538

40,644

At 31 December 2023

3,606

500

36,538

40,644

Depreciation

At 1 January 2023

-

389

14,640

15,029

Charge for the year

-

22

2,856

2,878

At 31 December 2023

-

411

17,496

17,907

Carrying amount

At 31 December 2023

3,606

89

19,042

22,737

At 31 December 2022

3,606

89

19,042

22,737

Included within the net book value of property improvements above is £3,606 (2022 - £3,606) in respect of property improvements.
 

5

Stocks

2023
£

2022
£

Other inventories

1,000

800

6

Debtors

 

Eckersley's Blinds Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Current

2023
£

2022
£

Trade debtors

-

27,139

Prepayments

-

2,045

Other debtors

3,667

825

 

3,667

30,009

 

Eckersley's Blinds Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and overdrafts

8

4,990

6,145

Trade creditors

 

-

2,937

Taxation and social security

 

5,968

10,481

Accruals and deferred income

 

-

277

Other creditors

 

2,324

4,087

 

13,282

23,927

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

6,451

10,333

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

6,451

10,333

2023
£

2022
£

Current loans and borrowings

Bank borrowings

4,000

4,000

Other borrowings

990

2,145

4,990

6,145

9

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

Ordinary "B" shares of £1 each

50

50

50

50

 

150

150

150

150