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REGISTERED NUMBER: 07474395





















FRASER JAMES BLINDS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






FRASER JAMES BLINDS LIMITED (REGISTERED NUMBER: 07474395)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


FRASER JAMES BLINDS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Miss K Tuttle
Mrs J Tuttle
I D Tuttle
F Tuttle





REGISTERED OFFICE: Unit A, Morcott Buildings Townsend Road
Enderby
Leicester
LE19 4PG





REGISTERED NUMBER: 07474395





ACCOUNTANTS: Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

FRASER JAMES BLINDS LIMITED (REGISTERED NUMBER: 07474395)

BALANCE SHEET
31 JANUARY 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 74,682 71,636
Tangible assets 5 160,059 203,924
234,741 275,560

CURRENT ASSETS
Stocks 18,238 17,896
Debtors 6 323,101 321,745
Cash at bank and in hand 267,825 546,762
609,164 886,403
CREDITORS
Amounts falling due within one year 7 367,117 523,996
NET CURRENT ASSETS 242,047 362,407
TOTAL ASSETS LESS CURRENT LIABILITIES 476,788 637,967

CREDITORS
Amounts falling due after more than one
year

8

(84,794

)

(122,602

)

PROVISIONS FOR LIABILITIES (40,015 ) (50,981 )
NET ASSETS 351,979 464,384

CAPITAL AND RESERVES
Called up share capital 10 4 4
Retained earnings 351,975 464,380
SHAREHOLDERS' FUNDS 351,979 464,384

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.

FRASER JAMES BLINDS LIMITED (REGISTERED NUMBER: 07474395)

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by:





F Tuttle - Director


FRASER JAMES BLINDS LIMITED (REGISTERED NUMBER: 07474395)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Fraser James Blinds Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on 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.


FRASER JAMES BLINDS LIMITED (REGISTERED NUMBER: 07474395)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued
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.

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.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 February 2023 - 89,545 89,545
Additions 15,000 - 15,000
At 31 January 2024 15,000 89,545 104,545
AMORTISATION
At 1 February 2023 - 17,909 17,909
Charge for year 3,000 8,954 11,954
At 31 January 2024 3,000 26,863 29,863
NET BOOK VALUE
At 31 January 2024 12,000 62,682 74,682
At 31 January 2023 - 71,636 71,636

FRASER JAMES BLINDS LIMITED (REGISTERED NUMBER: 07474395)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 25,441 248,619 45,347 319,407
Additions - - 5,807 5,807
At 31 January 2024 25,441 248,619 51,154 325,214
DEPRECIATION
At 1 February 2023 12,509 81,279 21,695 115,483
Charge for year 1,940 41,837 5,895 49,672
At 31 January 2024 14,449 123,116 27,590 165,155
NET BOOK VALUE
At 31 January 2024 10,992 125,503 23,564 160,059
At 31 January 2023 12,932 167,340 23,652 203,924

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 148,830 321,745
Other debtors 174,271 -
323,101 321,745

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Bank loans and overdrafts 9,900 9,900
Hire purchase contracts 27,808 27,808
Trade creditors 132,162 179,574
Taxation and social security 16,516 78,347
Other creditors 180,731 228,367
367,117 523,996

FRASER JAMES BLINDS LIMITED (REGISTERED NUMBER: 07474395)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
as restated
£    £   
Bank loans 13,433 23,433
Hire purchase contracts 71,361 99,169
84,794 122,602

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
as restated
£    £   
Bank loans 23,333 33,333

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: as restated
£    £   
1 ORDINARY 'A' CLASS £1 1 1
1 ORDINARY 'B' CLASS £1 1 1
1 ORDINARY 'C' CLASS £1 1 1
1 ORDINARY 'D' CLASS £1 1 1
4 4