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REGISTERED NUMBER: 08496954 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Lillian's Blinds Limited

Lillian's Blinds Limited (Registered number: 08496954)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Lillian's Blinds Limited

Company Information
for the year ended 30 April 2024







DIRECTORS: J R Laverick
Mrs L Laverick





REGISTERED OFFICE: 247 Southwick Road
Southwick
Sunderland
Tyne and Wear
SR5 2AB





REGISTERED NUMBER: 08496954 (England and Wales)





ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

Lillian's Blinds Limited (Registered number: 08496954)

Statement of Financial Position
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,886 7,050
4,886 7,050

CURRENT ASSETS
Stocks 17,692 19,605
Debtors 6 1,994 2,954
Cash at bank 59,565 69,552
79,251 92,111
CREDITORS
Amounts falling due within one year 7 58,336 57,684
NET CURRENT ASSETS 20,915 34,427
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,801

41,477

CREDITORS
Amounts falling due after more than one
year

8

11,063

20,834
NET ASSETS 14,738 20,643

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 14,638 20,543
SHAREHOLDERS' FUNDS 14,738 20,643

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.

Lillian's Blinds Limited (Registered number: 08496954)

Statement of Financial Position - continued
30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:





J R Laverick - Director


Lillian's Blinds Limited (Registered number: 08496954)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Lillian's Blinds 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.

The financial statement have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the directors consider to be appropriate.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is now fully amortised.

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 & machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% Straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


Lillian's Blinds Limited (Registered number: 08496954)

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 statement of financial position 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.

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.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 25,000
AMORTISATION
At 1 May 2023
and 30 April 2024 25,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

Lillian's Blinds Limited (Registered number: 08496954)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant & and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 10,134 1,173 13,022 939 25,268
Additions 219 - - - 219
Disposals - - (5,250 ) - (5,250 )
At 30 April 2024 10,353 1,173 7,772 939 20,237
DEPRECIATION
At 1 May 2023 9,351 508 7,688 671 18,218
Charge for year 200 100 1,153 209 1,662
Eliminated on disposal - - (4,529 ) - (4,529 )
At 30 April 2024 9,551 608 4,312 880 15,351
NET BOOK VALUE
At 30 April 2024 802 565 3,460 59 4,886
At 30 April 2023 783 665 5,334 268 7,050

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,528 2,796
Other debtors 466 158
1,994 2,954

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 10,398 11,734
Taxation and social security 35,656 24,825
Other creditors 2,282 11,125
58,336 57,684

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 11,063 20,834