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Registered number: 14246484
Premium Blinds TM Ltd
ABRIDGED Financial Statements
For the Period 20 July 2022 to 31 July 2023
Mibsons Limited
Chartered Certified Accountants
51 Coopers Road
Handsworth Wood
Birmingham
B20 2JU
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 14246484
31 July 2023
Notes £ £
FIXED ASSETS
Tangible Assets 4 26,307
26,307
CURRENT ASSETS
Stocks 17,250
Debtors 33,133
Cash at bank and in hand 5,011
55,394
Creditors: Amounts Falling Due Within One Year (80,665 )
NET CURRENT ASSETS (LIABILITIES) (25,271 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,036
NET ASSETS 1,036
CAPITAL AND RESERVES
Called up share capital 5 1
Profit and Loss Account 1,035
SHAREHOLDERS' FUNDS 1,036
Page 1
Page 2
For the period ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 July 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Usman Arshad
Director
16th September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Premium Blinds TM Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14246484 . The registered office is 181 Hernefield Road, Birmingham, B34 6PG.
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.
2.3. 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% Straight Line
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Tangible Assets
Total
£
Cost
As at 20 July 2022 -
Additions 30,950
As at 31 July 2023 30,950
Depreciation
As at 20 July 2022 -
Provided during the period 4,643
As at 31 July 2023 4,643
Net Book Value
As at 31 July 2023 26,307
As at 20 July 2022 -
Page 3
Page 4
5. Share Capital
31 July 2023
£
Allotted, Called up and fully paid 1
Page 4