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Registered number: 04768596
Radiant Blinds Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Merranti Accounting Ltd
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Directors Mr Gregory Emerson
Ms Sarah Emerson
Company Number 04768596
Registered Office 10 Scandia-Hus Business Park, Felcourt Road
Felcourt
East Grinstead
RH19 2LP
Accountants Merranti Accounting Ltd
10 Scandia-Hus Business Park
Felcourt Road, Felcourt
East Grinstead
West Sussex
RH19 2LP
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Balance Sheet
Registered number: 04768596
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 56,763 49,356
56,763 49,356
CURRENT ASSETS
Stocks 480,882 370,929
Debtors 6 205,539 143,397
Cash at bank and in hand 214,557 161,772
900,978 676,098
Creditors: Amounts Falling Due Within One Year 7 (710,747 ) (537,515 )
NET CURRENT ASSETS (LIABILITIES) 190,231 138,583
TOTAL ASSETS LESS CURRENT LIABILITIES 246,994 187,939
Creditors: Amounts Falling Due After More Than One Year 8 (49,520 ) (51,180 )
NET ASSETS 197,474 136,759
CAPITAL AND RESERVES
Called up share capital 2 2
Profit and Loss Account 197,472 136,757
SHAREHOLDERS' FUNDS 197,474 136,759
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For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Gregory Emerson
Director
8 July 2024
The notes on pages 4 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Radiant Blinds Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04768596 . The registered office is 10 Scandia-Hus Business Park, Felcourt Road, Felcourt, East Grinstead, RH19 2LP.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. 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 20% Staight Line
Motor Vehicles 20% straight line
Computer Equipment 25% straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2023: 16)
16 16
4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2023 15,000
As at 31 May 2024 15,000
Amortisation
As at 1 June 2023 15,000
As at 31 May 2024 15,000
Net Book Value
As at 31 May 2024 -
As at 1 June 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 45,770 101,312 14,699 161,781
Additions - 23,995 6,227 30,222
Disposals - (8,000 ) - (8,000 )
As at 31 May 2024 45,770 117,307 20,926 184,003
Depreciation
As at 1 June 2023 39,395 63,101 9,929 112,425
Provided during the period 3,275 15,902 3,638 22,815
Disposals - (8,000 ) - (8,000 )
As at 31 May 2024 42,670 71,003 13,567 127,240
Net Book Value
As at 31 May 2024 3,100 46,304 7,359 56,763
As at 1 June 2023 6,375 38,211 4,770 49,356
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 88,548 105,615
Other debtors 116,991 37,782
205,539 143,397
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 13,362 9,858
Trade creditors 183,987 124,633
Bank loans and overdrafts 21,562 32,324
Other creditors 407,750 338,788
Taxation and social security 84,086 31,912
710,747 537,515
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bounce back Loan 10,000 20,000
Hire purchase 39,520 31,180
49,520 51,180
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2023 Amounts advanced Amounts repaid Amounts written off As at 31 May 2024
£ £ £ £ £
Mr Gregory Emerson - 100,000 - - 100,000
The above loan is unsecured, interest free and repayable on demand.
10. Related Party Transactions
Radiant Awnings & Graphics Limited - company under common control
During the year the company repaid/(received) advances of £2,155 (2023: (£35,000)) to/(from) Radiant Awnings & Graphics Limited. The loans are unsecured, repayable upon demand and bears no interest. At the balance sheet date the amount due to Radiant Awnings & Graphics Limited was £15,169 (2023: £17,324).
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