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REGISTERED NUMBER: 11783402 (England and Wales)















FINANCIAL STATEMENTS

FOR THE PERIOD 1 FEBRUARY 2023 TO 31 DECEMBER 2023

FOR

BIFOLDS CANOPIES AND BLINDS LIMITED

BIFOLDS CANOPIES AND BLINDS LIMITED (REGISTERED NUMBER: 11783402)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 FEBRUARY 2023 TO 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BIFOLDS CANOPIES AND BLINDS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 FEBRUARY 2023 TO 31 DECEMBER 2023







DIRECTOR: N P Greening





REGISTERED OFFICE: Unit 3
Albion Court
Studlands Park Avenue
Newmarket
Suffolk
CB8 7XA





REGISTERED NUMBER: 11783402 (England and Wales)





ACCOUNTANTS: Prentis & Co LLP
Chartered Accountants
115c Milton Road
Cambridge
CB4 1XE

BIFOLDS CANOPIES AND BLINDS LIMITED (REGISTERED NUMBER: 11783402)

BALANCE SHEET
31 DECEMBER 2023

2023 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 156,476 123,288

CURRENT ASSETS
Stocks 143,118 51,892
Debtors 5 157,947 127,440
Cash at bank and in hand 15,850 68,919
316,915 248,251
CREDITORS
Amounts falling due within one year 6 247,556 113,386
NET CURRENT ASSETS 69,359 134,865
TOTAL ASSETS LESS CURRENT
LIABILITIES

225,835

258,153

CREDITORS
Amounts falling due after more than one
year

7

(11,423

)

(16,209

)

PROVISIONS FOR LIABILITIES (29,730 ) (23,425 )
NET ASSETS 184,682 218,519

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 184,582 218,419
SHAREHOLDERS' FUNDS 184,682 218,519

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 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.

BIFOLDS CANOPIES AND BLINDS LIMITED (REGISTERED NUMBER: 11783402)

BALANCE SHEET - continued
31 DECEMBER 2023


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 21 October 2024 and were signed by:





N P Greening - Director


BIFOLDS CANOPIES AND BLINDS LIMITED (REGISTERED NUMBER: 11783402)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 FEBRUARY 2023 TO 31 DECEMBER 2023

1. STATUTORY INFORMATION

Bifolds Canopies and 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.

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.
Plant and machinery - 25% on cost
Motor vehicles - 20% on cost
Computer equipment - 25% 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 period 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 11 (2023 - 13 ) .

BIFOLDS CANOPIES AND BLINDS LIMITED (REGISTERED NUMBER: 11783402)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2023 TO 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 111,108 105,400 6,645 223,153
Additions - 84,246 1,801 86,047
At 31 December 2023 111,108 189,646 8,446 309,200
DEPRECIATION
At 1 February 2023 50,617 44,265 4,983 99,865
Charge for period 24,594 26,332 1,933 52,859
At 31 December 2023 75,211 70,597 6,916 152,724
NET BOOK VALUE
At 31 December 2023 35,897 119,049 1,530 156,476
At 31 January 2023 60,491 61,135 1,662 123,288

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Trade debtors 83,693 87,203
Intercompany loan 45,000 -
Tax 6,254 5,965
VAT - 7,939
Prepayments - 3,333
Accrued income 23,000 23,000
157,947 127,440

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Bank loans and overdrafts 6,594 6,740
Hire purchase contracts 90,539 31,867
Trade creditors 73,227 38,126
Tax 4,474 -
Social security and other taxes 9,570 11,675
VAT 5,175 -
Other creditors 43,712 11,133
Directors' current accounts 1,625 1,625
Accruals and deferred income 12,640 12,220
247,556 113,386

BIFOLDS CANOPIES AND BLINDS LIMITED (REGISTERED NUMBER: 11783402)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2023 TO 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2023
£    £   
Bank loans - 1-2 years 11,423 13,480
Bank loans - 2-5 years - 2,729
11,423 16,209

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N P Greening.