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REGISTERED NUMBER: 11238316 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

Blindsfitted4u Limited

Blindsfitted4u Limited (Registered number: 11238316)

Contents of the Financial Statements
for the Year Ended 31st March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Blindsfitted4u Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: JS Zammit-Lewis
PDP Sharpes
G Butler
D Zammit-Lewis





REGISTERED OFFICE: 343 Bedfont Lane
Feltham
Middlsex
TW14 9SD





REGISTERED NUMBER: 11238316 (England and Wales)






Blindsfitted4u Limited (Registered number: 11238316)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,331 2,997

CURRENT ASSETS
Stocks 1,751 -
Debtors 5 364 11,231
Cash at bank 32,711 42,042
34,826 53,273
CREDITORS
Amounts falling due within one year 6 40,951 64,446
NET CURRENT LIABILITIES (6,125 ) (11,173 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,794

)

(8,176

)

CREDITORS
Amounts falling due after more than one
year

7

13,189

21,661
NET LIABILITIES (17,983 ) (29,837 )

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings (18,183 ) (30,037 )
SHAREHOLDERS' FUNDS (17,983 ) (29,837 )

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.

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 28th August 2024 and were signed on its behalf by:





JS Zammit-Lewis - Director


Blindsfitted4u Limited (Registered number: 11238316)

Notes to the Financial Statements
for the Year Ended 31st March 2024


1. STATUTORY INFORMATION

Blindsfitted4u 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
A going concern basis has been used, notwithstanding the deficiency of net liabilities, on the basis that the directors and shareholders have undertaken to continue to provide such financial support as may be required for the continuation of the company's business for at least twelve months from the date of approval of these accounts. The directors has considered the financial position of the company and has concluded that the company is able to meet its liabilities as they fall due for the period of at least twelve months from the date of approval of these accounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 cost
Fixtures and fittings - 33% on cost
Motor vehicles - 33% on cost
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.

Blindsfitted4u Limited (Registered number: 11238316)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12. Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities include creditors and bank loans.

Trade creditors and other creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Interest bearing borrowings are initially measured at fair value, net of transaction costs. Interest bearing borrowings are subsequently carried at amortised cost. Interest expense is recognised on the basis of the effective interest method and included in interest payable.

Borrowings are classified as current unless the company has an unconditional right to defer settlement for at least 12 months after the reporting period.

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.

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.

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.

Blindsfitted4u Limited (Registered number: 11238316)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2023 1,458 1,593 24,299 4,322 31,672
Additions - - - 478 478
At 31st March 2024 1,458 1,593 24,299 4,800 32,150
DEPRECIATION
At 1st April 2023 1,458 784 23,144 3,289 28,675
Charge for year - 533 1,155 456 2,144
At 31st March 2024 1,458 1,317 24,299 3,745 30,819
NET BOOK VALUE
At 31st March 2024 - 276 - 1,055 1,331
At 31st March 2023 - 809 1,155 1,033 2,997

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 264 8,371
Other debtors 100 2,860
364 11,231

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,200 9,200
Trade creditors 8,260 27,591
Taxation and social security 17,238 7,630
Other creditors 6,253 20,025
40,951 64,446

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 13,189 21,661

8. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors.