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REGISTERED NUMBER: 04976808 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Regal Blinds Limited

Regal Blinds Limited (Registered number: 04976808)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Regal Blinds Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: E J Grimshaw
P J Grimshaw



REGISTERED OFFICE: Unit 2
Spring Street
KEIGHLEY
West Yorkshire
BD21 3LE



REGISTERED NUMBER: 04976808 (England and Wales)



ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS



BANKERS: Lloyds TSB Bank plc
6-7 Park Row
Leeds
LS1 1NX

Regal Blinds Limited (Registered number: 04976808)

Statement of Financial Position
31 August 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Intangible assets 5 3 3
Tangible assets 6 192,496 177,636
192,499 177,639

CURRENT ASSETS
Stocks 12,500 12,500
Debtors 7 1,034,530 849,345
Cash at bank and in hand 848,173 588,119
1,895,203 1,449,964
CREDITORS
Amounts falling due within one year 8 (1,417,881 ) (823,187 )
NET CURRENT ASSETS 477,322 626,777
TOTAL ASSETS LESS CURRENT
LIABILITIES

669,821

804,416

PROVISIONS FOR LIABILITIES (42,732 ) (42,732 )
NET ASSETS 627,089 761,684

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 627,088 761,683
SHAREHOLDERS' FUNDS 627,089 761,684

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

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

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 Income and Retained Earnings has not been delivered.

Regal Blinds Limited (Registered number: 04976808)

Statement of Financial Position - continued
31 August 2024



The financial statements were approved by the Board of Directors and authorised for issue on 6 February 2025 and were signed on its behalf by:




P J Grimshaw - Director



E J Grimshaw - Director


Regal Blinds Limited (Registered number: 04976808)

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

1. STATUTORY INFORMATION

Regal 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten 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.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 15% on cost
Fixtures and fittings - 30% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Government grants
Government grants are recognised using the performance model and accruals model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the
periods in which the company recognises the related costs for which the grant is intended to compensate. Grants
that are receivable as compensation for expenses or losses already incurred or for the purpose of giving
immediate financial support to the entity with no future related costs are recognised in income in the period in
which it becomes receivable.
Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset.
Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from
the carrying amount of the asset.
Under the performance model, where the grant does not impose specified future performance-related conditions
on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant
does impose specified future performance-related conditions on the recipient, it is recognised in income only
when the performance-related conditions have been met. Where grants received are prior to satisfying the
revenue recognition criteria, they are recognised as a liability.

Regal Blinds Limited (Registered number: 04976808)

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

3. ACCOUNTING POLICIES - continued

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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2023 - 33 ) .

5. INTANGIBLE FIXED ASSETS
Development
Goodwill costs Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 127,109 3 127,112
AMORTISATION
At 1 September 2023
and 31 August 2024 127,109 - 127,109
NET BOOK VALUE
At 31 August 2024 - 3 3
At 31 August 2023 - 3 3

Regal Blinds Limited (Registered number: 04976808)

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

6. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2023 10,618 559,358 29,319
Additions - 40,206 4,233
At 31 August 2024 10,618 599,564 33,552
DEPRECIATION
At 1 September 2023 5,394 417,299 18,124
Charge for year 581 37,135 7,980
At 31 August 2024 5,975 454,434 26,104
NET BOOK VALUE
At 31 August 2024 4,643 145,130 7,448
At 31 August 2023 5,224 142,059 11,195

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 13,417 64,136 676,848
Additions 29,246 433 74,118
At 31 August 2024 42,663 64,569 750,966
DEPRECIATION
At 1 September 2023 865 57,530 499,212
Charge for year 7,325 6,237 59,258
At 31 August 2024 8,190 63,767 558,470
NET BOOK VALUE
At 31 August 2024 34,473 802 192,496
At 31 August 2023 12,552 6,606 177,636

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 752,851 561,329
Amounts owed by group undertakings 237,500 257,500
Other debtors 21,946 15,918
Prepayments 22,233 14,598
1,034,530 849,345

Regal Blinds Limited (Registered number: 04976808)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 165,100 165,663
Amounts owed to group undertakings 46,442 46,442
Tax 268,194 140,434
Social security and other taxes 160,996 74,008
Directors' current accounts 729,240 352,015
Accrued expenses 46,830 42,737
Deferred government grants 1,079 1,888
1,417,881 823,187

The amounts owed to group undertakings are free of interest.

9. OTHER FINANCIAL COMMITMENTS

The company had total operating lease commitments at the balance sheet date of £34,470.58 (2023: £104,002.36).

10. RELATED PARTY DISCLOSURES

During the year, the company paid dividends to Grimshaw Brothers Limited amounting to £973,020 (2023: £253,020).

11. CONTROLLING PARTY

The company is controlled by Grimshaw Brothers Limited

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Regal Blinds Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Regal Blinds Limited for the year ended 31 August 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Regal Blinds Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Regal Blinds Limited and state those matters that we have agreed to state to the Board of Directors of Regal Blinds Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Regal Blinds Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Regal Blinds Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Regal Blinds Limited. You consider that Regal Blinds Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Regal Blinds Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS


6 February 2025