Company registration number: NI673528
Unaudited financial statements
for the year ended 31 October 2023
for
Finest Blinds (lisburn) Ltd
Pages for filing with the Registrar
Company registration number: NI673528
Finest Blinds (lisburn) Ltd
Balance sheet
as at 31 October 2023
31 Oct 23 31 Oct 22
Note £ £ £ £
Fixed assets
Tangible assets 4 11,017 11,011
11,017 11,011
Current assets
Stocks 12,450 3,070
Debtors 2,511 6,000
Cash at bank and in hand 12,617 17,928
27,578 26,998
Creditors: amounts falling due within
one year
(23,950) (22,023)
Net current assets 3,628 4,975
Total assets less current liabilities 14,645 15,986
Creditors: Amounts falling due after
more than one year
(4,767) (6,600)
NET ASSETS 9,878 9,386
Capital and reserves
Called up share capital 10 10
Profit and loss account 9,868 9,376
TOTAL EQUITY 9,878 9,386
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 October 2023.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: NI673528
Finest Blinds (lisburn) Ltd
Balance sheet - continued
as at 31 October 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 to the Registrar.
Signed by:
Mr J Knowles, Director
30 October 2024
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Finest Blinds (lisburn) Ltd
Notes to the financial statements
for the year ended 31 October 2023
1 Company information
Finest Blinds (lisburn) Ltd is a private company registered in Northern Ireland. Its registered number is NI673528. The company is limited by shares. Its registered office is Unit 214 Lisburn Enterprise Centre, Enterprise Crescent, Lisburn, BT28 2BP.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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.:
Plant and machinery - 10% reducing balance
Motor vehicles - 10% 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.
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Finest Blinds (lisburn) Ltd
Notes to the financial statements - continued
for the year ended 31 October 2023
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. 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 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
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 lossover the relevant period. The capital element of the future payments is treated as a liability.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 3 (2022 - 3).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 November 2022 12,777
Additions 1,231
At 31 October 2023 14,008
Depreciation
At 1 November 2022 1,766
Charge for year 1,225
At 31 October 2023 2,991
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Finest Blinds (lisburn) Ltd
Notes to the financial statements - continued
for the year ended 31 October 2023
4 Tangible fixed assets - continued
Net book value
At 31 October 2023 11,017
At 31 October 2022 11,011
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