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Registered number: 12310833
NDB Window Blinds Limited
Financial Statements
For The Year Ended 30 November 2023
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12310833
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,810 6,310
6,810 6,310
CURRENT ASSETS
Debtors 5 8,687 11,161
Cash at bank and in hand 44,614 47,730
53,301 58,891
Creditors: Amounts Falling Due Within One Year 6 (26,554 ) (31,557 )
NET CURRENT ASSETS (LIABILITIES) 26,747 27,334
TOTAL ASSETS LESS CURRENT LIABILITIES 33,557 33,644
Creditors: Amounts Falling Due After More Than One Year 7 (3,900 ) (6,500 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,294 ) (1,199 )
NET ASSETS 28,363 25,945
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 28,263 25,845
SHAREHOLDERS' FUNDS 28,363 25,945
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For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Neil Bennett
Director
28 August 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
NDB Window Blinds Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12310833 . The registered office is 16 Queen Street, Ilkeston, DE7 5GT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% Reducing Balance
Computer Equipment 15% Reducing Balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 December 2022 4,956 3,937 8,893
Additions - 1,538 1,538
As at 30 November 2023 4,956 5,475 10,431
Depreciation
As at 1 December 2022 1,410 1,173 2,583
Provided during the period 532 506 1,038
As at 30 November 2023 1,942 1,679 3,621
Net Book Value
As at 30 November 2023 3,014 3,796 6,810
As at 1 December 2022 3,546 2,764 6,310
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 5,484 7,503
Prepayments and accrued income 202 190
Other debtors 3,001 3,468
8,687 11,161
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 11,557 6,662
Bank loans and overdrafts 2,600 2,600
Corporation tax 7,399 18,391
VAT 4,268 3,134
Accruals and deferred income 730 770
26,554 31,557
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 3,900 6,500
3,900 6,500
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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