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REGISTERED NUMBER: 02330557 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 May 2024

for

Farnborough Blind Company Limited

Farnborough Blind Company Limited (Registered number: 02330557)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Farnborough Blind Company Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: W I Wyatt
Mrs D Wyatt





REGISTERED OFFICE: Unit 7
North Downs Business Park
Limepit Lane
Sevenoaks
Kent
TN13 2TL





REGISTERED NUMBER: 02330557 (England and Wales)





ACCOUNTANTS: Granite Morgan Smith Limited
122 Feering Hill
Feering
Colchester
Essex
CO5 9PY

Farnborough Blind Company Limited (Registered number: 02330557)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 137,266 139,339
Investments 5 5 4
137,271 139,343

CURRENT ASSETS
Stocks 225,349 263,147
Debtors 6 254,155 484,208
Investments 7 318,077 591,552
Cash at bank and in hand 1,068,992 759,338
1,866,573 2,098,245
CREDITORS
Amounts falling due within one year 8 414,756 488,232
NET CURRENT ASSETS 1,451,817 1,610,013
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,589,088

1,749,356

CREDITORS
Amounts falling due after more than one
year

9

(4,379

)

(9,633

)

PROVISIONS FOR LIABILITIES (45,922 ) (25,015 )
NET ASSETS 1,538,787 1,714,708

CAPITAL AND RESERVES
Called up share capital 953 953
Capital redemption reserve 50 50
Retained earnings 1,537,784 1,713,705
SHAREHOLDERS' FUNDS 1,538,787 1,714,708

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

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

Farnborough Blind Company Limited (Registered number: 02330557)

Balance Sheet - continued
31 May 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 24 October 2024 and were signed on its behalf by:





W I Wyatt - Director


Farnborough Blind Company Limited (Registered number: 02330557)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Farnborough Blind Company 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 25% on cost and Straight line over 3 years

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

Farnborough Blind Company Limited (Registered number: 02330557)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 20 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 504,754
Additions 40,465
At 31 May 2024 545,219
DEPRECIATION
At 1 June 2023 365,415
Charge for year 42,538
At 31 May 2024 407,953
NET BOOK VALUE
At 31 May 2024 137,266
At 31 May 2023 139,339

Farnborough Blind Company Limited (Registered number: 02330557)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 24,708
DEPRECIATION
At 1 June 2023
and 31 May 2024 13,810
NET BOOK VALUE
At 31 May 2024 10,898
At 31 May 2023 10,898

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2023 4
Additions 1
At 31 May 2024 5
NET BOOK VALUE
At 31 May 2024 5
At 31 May 2023 4

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 209,096 448,316
Other debtors 45,059 35,892
254,155 484,208

7. CURRENT ASSET INVESTMENTS
31.5.24 31.5.23
£    £   
Listed investments 318,077 591,552

Farnborough Blind Company Limited (Registered number: 02330557)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts (see note 10) 5,254 5,254
Trade creditors 126,265 106,312
Taxation and social security 174,923 276,155
Other creditors 108,314 100,511
414,756 488,232

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts (see note 10) 4,379 9,633

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.5.24 31.5.23
£    £   
Net obligations repayable:
Within one year 5,254 5,254
Between one and five years 4,379 9,633
9,633 14,887

Non-cancellable operating leases
31.5.24 31.5.23
£    £   
Within one year 71,982 71,982
Between one and five years 287,926 287,926
In more than five years 95,975 167,957
455,883 527,865

11. POST BALANCE SHEET EVENTS

No events have occurred since the date of the balance sheet which need to be brought to the attention of shareholders or third parties.