Manor Blinds Ltd |
Notes to the Accounts |
for the year ended 29 February 2024 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Plant and machinery |
over 4 years |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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2 |
Employees |
2024 |
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2023 |
Number |
Number |
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Average number of persons employed by the company |
5 |
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5 |
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3 |
Tangible fixed assets |
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Plant and machinery etc |
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Motor vehicles |
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Total |
£ |
£ |
£ |
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Cost |
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At 1 March 2023 |
18,015 |
|
7,695 |
|
25,710 |
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At 29 February 2024 |
18,015 |
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7,695 |
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25,710 |
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Depreciation |
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At 1 March 2023 |
11,165 |
|
2,565 |
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13,730 |
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Charge for the year |
4,504 |
|
2,565 |
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7,069 |
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At 29 February 2024 |
15,669 |
|
5,130 |
|
20,799 |
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Net book value |
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At 29 February 2024 |
2,346 |
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2,565 |
|
4,911 |
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At 28 February 2023 |
6,850 |
|
5,130 |
|
11,980 |
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4 |
Debtors |
2024 |
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2023 |
£ |
£ |
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Trade debtors |
24,286 |
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27,465 |
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5 |
Creditors: amounts falling due within one year |
2024 |
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2023 |
£ |
£ |
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Taxation and social security costs |
5,378 |
|
14,945 |
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Other creditors |
21,345 |
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53,489 |
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26,723 |
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68,434 |
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6 |
Other information |
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Manor Blinds Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
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Manor Blinds |
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Worth Way |
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Keighley |
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BD21 5AJ |