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REGISTERED NUMBER: NI019072 (Northern Ireland)














Unaudited Financial Statements

for the Year Ended 31 January 2024

for

CITY BLINDS LIMITED

CITY BLINDS LIMITED (REGISTERED NUMBER: NI019072)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CITY BLINDS LIMITED

Company Information
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mr J Redmond
Mrs F E Redmond





SECRETARY: Mrs F E Redmond





REGISTERED OFFICE: 40a Ballyrobin Road
Templepatrick
Ballyclare
Co. Antrim
BT39 0JH





REGISTERED NUMBER: NI019072 (Northern Ireland)





ACCOUNTANTS: M.B.McGrady & Co
Chartered Accountants
Suite 2B
Cadogan House
322 Lisburn Road
Belfast
Co. Antrim
BT9 6GH

CITY BLINDS LIMITED (REGISTERED NUMBER: NI019072)

Balance Sheet
31 JANUARY 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,437 37,882

CURRENT ASSETS
Stocks 9,000 8,500
Debtors 5 30,272 37,273
Cash at bank 157,496 187,059
196,768 232,832
CREDITORS
Amounts falling due within one year 6 76,354 95,103
NET CURRENT ASSETS 120,414 137,729
TOTAL ASSETS LESS CURRENT
LIABILITIES

188,851

175,611

PROVISIONS FOR LIABILITIES 10,495 6,738
NET ASSETS 178,356 168,873

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 178,256 168,773
178,356 168,873

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

CITY BLINDS LIMITED (REGISTERED NUMBER: NI019072)

Balance Sheet - continued
31 JANUARY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2024 and were signed on its behalf by:




Mrs F E Redmond - Director



Mr J Redmond - Director


CITY BLINDS LIMITED (REGISTERED NUMBER: NI019072)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

City Blinds Limited is a private company, limited by shares , registered in Northern Ireland. 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.

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.

Leasehold improvements10% Reducing balance
Plant and equipment10% Reducing balance
Fixtures and fittings15% Reducing balance
Motor vehicles25% Reducing balance

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 Income Statement, 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.

CITY BLINDS LIMITED (REGISTERED NUMBER: NI019072)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued

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 year was 13 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 30,220 213,780 244,000
Additions - 38,047 38,047
At 31 January 2024 30,220 251,827 282,047
DEPRECIATION
At 1 February 2023 27,798 178,320 206,118
Charge for year 242 7,250 7,492
At 31 January 2024 28,040 185,570 213,610
NET BOOK VALUE
At 31 January 2024 2,180 66,257 68,437
At 31 January 2023 2,422 35,460 37,882

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade debtors 29,582 36,775
Other debtors 690 498
30,272 37,273

CITY BLINDS LIMITED (REGISTERED NUMBER: NI019072)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Bank loans and overdrafts 21,000 28,453
Trade creditors 24,561 22,702
Taxation and social security 22,433 40,094
Other creditors 8,360 3,854
76,354 95,103