IRIS Accounts Production v24.1.0.578 08868047 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh088680472023-03-31088680472024-03-31088680472023-04-012024-03-31088680472022-03-31088680472022-04-012023-03-31088680472023-03-3108868047ns15:EnglandWales2023-04-012024-03-3108868047ns14:PoundSterling2023-04-012024-03-3108868047ns10:Director12023-04-012024-03-3108868047ns10:Director22023-04-012024-03-3108868047ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108868047ns10:SmallEntities2023-04-012024-03-3108868047ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3108868047ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108868047ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108868047ns10:FullAccounts2023-04-012024-03-310886804712023-04-012024-03-3108868047ns10:RegisteredOffice2023-04-012024-03-3108868047ns5:CurrentFinancialInstruments2024-03-3108868047ns5:CurrentFinancialInstruments2023-03-3108868047ns5:ShareCapital2024-03-3108868047ns5:ShareCapital2023-03-3108868047ns5:RetainedEarningsAccumulatedLosses2024-03-3108868047ns5:RetainedEarningsAccumulatedLosses2023-03-3108868047ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3108868047ns5:PlantMachinery2023-04-012024-03-3108868047ns5:MotorVehicles2023-04-012024-03-3108868047ns5:ComputerEquipment2023-04-012024-03-3108868047ns5:NetGoodwill2023-03-3108868047ns5:NetGoodwill2024-03-3108868047ns5:NetGoodwill2023-03-3108868047ns5:PlantMachinery2023-03-3108868047ns5:MotorVehicles2023-03-3108868047ns5:ComputerEquipment2023-03-3108868047ns5:PlantMachinery2024-03-3108868047ns5:MotorVehicles2024-03-3108868047ns5:ComputerEquipment2024-03-3108868047ns5:PlantMachinery2023-03-3108868047ns5:MotorVehicles2023-03-3108868047ns5:ComputerEquipment2023-03-3108868047ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3108868047ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 08868047 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

ELITE BLINDS (NOTTINGHAM) LIMITED

ELITE BLINDS (NOTTINGHAM) LIMITED (REGISTERED NUMBER: 08868047)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELITE BLINDS (NOTTINGHAM) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mr C L Baguley
Mrs J L Baguley





REGISTERED OFFICE: 1st Floor
49 High Street
Hucknall
Nottinghamshire
NG15 7AW





REGISTERED NUMBER: 08868047 (England and Wales)





ACCOUNTANTS: Elkingtons Accountants Limited
1st Floor
49 High Street
Hucknall
Nottinghamshire
NG15 7AW

ELITE BLINDS (NOTTINGHAM) LIMITED (REGISTERED NUMBER: 08868047)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 44,374 37,331
44,374 37,331

CURRENT ASSETS
Stocks 20,200 17,754
Debtors 6 41,784 61,564
Cash at bank and in hand 408,628 490,647
470,612 569,965
CREDITORS
Amounts falling due within one year 7 175,582 161,695
NET CURRENT ASSETS 295,030 408,270
TOTAL ASSETS LESS CURRENT
LIABILITIES

339,404

445,601

PROVISIONS FOR LIABILITIES 11,094 9,333
NET ASSETS 328,310 436,268

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 328,210 436,168
SHAREHOLDERS' FUNDS 328,310 436,268

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

ELITE BLINDS (NOTTINGHAM) LIMITED (REGISTERED NUMBER: 08868047)

BALANCE SHEET - continued
31ST MARCH 2024


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 24th July 2024 and were signed on its behalf by:




Mr C L Baguley - Director



Mrs J L Baguley - Director


ELITE BLINDS (NOTTINGHAM) LIMITED (REGISTERED NUMBER: 08868047)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Elite Blinds (Nottingham) Limited is a private company, limited by shares , registered in England and Wales. 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 represents net invoiced sales of goods and services, excluding value added tax. The Companies contractual obligations are performed gradually over time and revenue is recognised as activity progress to reflect the Companies partial performance of its contractual obligations.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

ELITE BLINDS (NOTTINGHAM) LIMITED (REGISTERED NUMBER: 08868047)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

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 14 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 675,000
AMORTISATION
At 1st April 2023
and 31st March 2024 675,000
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2023 4,255 73,030 2,058 79,343
Additions - 25,495 - 25,495
Disposals - (21,725 ) - (21,725 )
At 31st March 2024 4,255 76,800 2,058 83,113
DEPRECIATION
At 1st April 2023 3,816 36,461 1,735 42,012
Charge for year 109 13,184 249 13,542
Eliminated on disposal - (16,815 ) - (16,815 )
At 31st March 2024 3,925 32,830 1,984 38,739
NET BOOK VALUE
At 31st March 2024 330 43,970 74 44,374
At 31st March 2023 439 36,569 323 37,331

ELITE BLINDS (NOTTINGHAM) LIMITED (REGISTERED NUMBER: 08868047)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 38,266 44,839
Other debtors 3,518 16,725
41,784 61,564

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 32,795 41,023
Taxation and social security 128,613 108,141
Other creditors 14,174 12,531
175,582 161,695

8. CONTROLLING PARTY

Elite Blinds (Nottingham) Limited is wholly owned by Elite Blinds Holdings Limited. The parent company's registered office is First Floor, 49 Hight Street, Hucknall, Nottinghamshire, NG15 7AW. The parent company's principal place of business is 160-162 Vernon Road, Basford, Nottinghamshire, NG6 0AD.