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REGISTERED NUMBER: 01510164 (England and Wales)

















SCREENBOND LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






SCREENBOND LIMITED (REGISTERED NUMBER: 01510164)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


SCREENBOND LIMITED (REGISTERED NUMBER: 01510164)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 155,667 161,364

CURRENT ASSETS
Stocks 12,996 17,188
Debtors 5 121,275 124,651
Cash at bank and in hand 30,579 70,162
164,850 212,001
CREDITORS
Amounts falling due within one year 6 155,357 174,082
NET CURRENT ASSETS 9,493 37,919
TOTAL ASSETS LESS CURRENT
LIABILITIES

165,160

199,283

CREDITORS
Amounts falling due after more than one
year

7

(65,599

)

(82,527

)

PROVISIONS FOR LIABILITIES (933 ) (921 )
NET ASSETS 98,628 115,835

CAPITAL AND RESERVES
Called up share capital 15 15
Capital redemption reserve 85 85
Retained earnings 98,528 115,735
SHAREHOLDERS' FUNDS 98,628 115,835

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SCREENBOND LIMITED (REGISTERED NUMBER: 01510164)

BALANCE SHEET - continued
31 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 September 2024 and were signed by:





G Bickerstaff - Director


SCREENBOND LIMITED (REGISTERED NUMBER: 01510164)

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

1. STATUTORY INFORMATION

Screenbond Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01510164

Registered office: Unit 2 Baldock Industrial Estate
London Road
Baldock
Hertfordshire
SG7 6NG

The presentation currency of the financial statements is the Pound Sterling (£).


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 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.
Freehold property - 2% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% 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 Profit and Loss Account, 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.

SCREENBOND LIMITED (REGISTERED NUMBER: 01510164)

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

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Significant judgements and estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 188,444 265,964 34,520 488,928
DEPRECIATION
At 1 April 2023 33,919 263,997 29,648 327,564
Charge for year 3,769 400 1,528 5,697
At 31 March 2024 37,688 264,397 31,176 333,261
NET BOOK VALUE
At 31 March 2024 150,756 1,567 3,344 155,667
At 31 March 2023 154,525 1,967 4,872 161,364

SCREENBOND LIMITED (REGISTERED NUMBER: 01510164)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 87,955 106,179
Amounts recoverable on contract 11,666 10,217
Other debtors 14,999 2,748
Prepayments 6,655 5,507
121,275 124,651

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 18,364 18,268
Trade creditors 60,126 94,876
Tax 6,618 7,663
Social security and other taxes 5,748 -
VAT 21,823 27,184
Director's loan account 148 863
Other creditors and accruals 42,530 25,228
155,357 174,082

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans due > 1 yr 65,599 82,527

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 83,963 100,795

The bank loan is secured by way of a legal mortgage over the freehold property and a fixed and floating charge over the assets of the company.

SCREENBOND LIMITED (REGISTERED NUMBER: 01510164)

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

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
G Bickerstaff
Balance outstanding at start of year (863 ) 12,619
Amounts advanced 39,964 31,518
Amounts repaid (39,250 ) (45,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (149 ) (863 )

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £20,803 (2023 - £24,000) were paid to the director .

Dividends amounting to £18,447 were paid to a close family member during the year (2023 - £21,000).