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REGISTERED NUMBER: 04659052 (England and Wales)

















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Sheffield Venetian Blind Co. Limited

Sheffield Venetian Blind Co. Limited (Registered number: 04659052)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sheffield Venetian Blind Co. Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr DP Morris
Mrs C Morris





REGISTERED OFFICE: 241 Chesterfield Road
Sheffield
South Yorkshire
S8 ORT





REGISTERED NUMBER: 04659052 (England and Wales)





ACCOUNTANTS: Lishmans LLP
16-18 Station Road
Chapeltown
Sheffield
South Yorkshire
S35 2XH

Sheffield Venetian Blind Co. Limited (Registered number: 04659052)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,210 1,423
1,210 1,423

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 6 14,856 37,255
Cash at bank 22,982 26,729
38,838 64,984
CREDITORS
Amounts falling due within one year 7 42,813 61,196
NET CURRENT (LIABILITIES)/ASSETS (3,975 ) 3,788
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,765

)

5,211

PROVISIONS FOR LIABILITIES 8 230 270
NET (LIABILITIES)/ASSETS (2,995 ) 4,941

Sheffield Venetian Blind Co. Limited (Registered number: 04659052)

Balance Sheet - continued
30 April 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings (3,295 ) 4,641
SHAREHOLDERS' FUNDS (2,995 ) 4,941

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 13 August 2024 and were signed on its behalf by:





Mr DP Morris - Director


Sheffield Venetian Blind Co. Limited (Registered number: 04659052)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Sheffield Venetian Blind Co. Ltd is a private company , limited by shares , registered in England and Wales. The company's registered number is 04659052 and registered office address is 241 Chesterfield Road, Sheffield, South Yorkshire, S8 0RT

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 2003, is being written off evenly over its estimated useful life of 15 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.
Storage cabin - 20% on reducing balance basis
Fixtures and fittings - 15% on reducing balance basis
Computer equipment - 25% 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.


Sheffield Venetian Blind Co. Limited (Registered number: 04659052)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 80,000
AMORTISATION
At 1 May 2023
and 30 April 2024 80,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

Sheffield Venetian Blind Co. Limited (Registered number: 04659052)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Storage Loose and Computer
cabin tools fittings equipment Totals
£    £    £    £    £   
COST
At 1 May 2023
and 30 April 2024 860 2,551 11,181 5,029 19,621
DEPRECIATION
At 1 May 2023 860 1,419 11,053 4,866 18,198
Charge for year - 170 19 24 213
At 30 April 2024 860 1,589 11,072 4,890 18,411
NET BOOK VALUE
At 30 April 2024 - 962 109 139 1,210
At 30 April 2023 - 1,132 128 163 1,423

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,593 37,009
Other debtors 263 246
14,856 37,255

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,685 12,373
Taxation and social security 10,728 18,054
Other creditors 25,400 30,769
42,813 61,196

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 230 270

Sheffield Venetian Blind Co. Limited (Registered number: 04659052)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2023 270
Provided during year (40 )
Balance at 30 April 2024 230