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REGISTERED NUMBER: 06359179 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

THE BLIND COMPANY UK LIMITED

THE BLIND COMPANY UK LIMITED (REGISTERED NUMBER: 06359179)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


THE BLIND COMPANY UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr K B Lawson
Mr K J L Hardwick





REGISTERED OFFICE: 40 Somers Road
Rugby
Warwickshire
CV22 7DH





REGISTERED NUMBER: 06359179 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

THE BLIND COMPANY UK LIMITED (REGISTERED NUMBER: 06359179)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 32,993 24,508
32,993 24,508

CURRENT ASSETS
Stocks 255,000 245,000
Debtors 6 118,765 123,726
Cash at bank 14,015 16,007
387,780 384,733
CREDITORS
Amounts falling due within one year 7 376,661 347,983
NET CURRENT ASSETS 11,119 36,750
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,112

61,258

CREDITORS
Amounts falling due after more than one
year

8

21,391

36,306
NET ASSETS 22,721 24,952

CAPITAL AND RESERVES
Called up and paid share capital 30,000 30,000
Retained earnings (7,279 ) (5,048 )
SHAREHOLDERS' FUNDS 22,721 24,952

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 BLIND COMPANY UK LIMITED (REGISTERED NUMBER: 06359179)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 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 17 February 2025 and were signed on its behalf by:





Mr K B Lawson - Director


THE BLIND COMPANY UK LIMITED (REGISTERED NUMBER: 06359179)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

The Blind Company UK 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 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 as modified by the revaluation of certain assets.

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 2007, is being amortised evenly over its estimated useful life of five years. Amortisation commenced during the year ended 30 September 2011.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance, 20% on cost and 15% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation
Taxation for the year comprises current 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 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.


THE BLIND COMPANY UK LIMITED (REGISTERED NUMBER: 06359179)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 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 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.

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 21 (2023 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023 5,729
Disposals (5,729 )
At 30 September 2024 -
AMORTISATION
At 1 October 2023 5,729
Eliminated on disposal (5,729 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

THE BLIND COMPANY UK LIMITED (REGISTERED NUMBER: 06359179)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST OR VALUATION
At 1 October 2023 130,934
Additions 21,778
Disposals (1,500 )
At 30 September 2024 151,212
DEPRECIATION
At 1 October 2023 106,426
Charge for year 13,293
Eliminated on disposal (1,500 )
At 30 September 2024 118,219
NET BOOK VALUE
At 30 September 2024 32,993
At 30 September 2023 24,508

Cost or valuation at 30 September 2024 is represented by:

Plant and
machinery
etc
£   
Cost 151,212

If certain tangible fixed assets had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 42,564 42,564
Aggregate depreciation 40,686 40,686

Some plant and machinery was valued on an open market basis on 30 June 2017 by the directors .

THE BLIND COMPANY UK LIMITED (REGISTERED NUMBER: 06359179)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 111,665 110,658
Other debtors 7,100 13,068
118,765 123,726

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 55,965 46,971
Hire purchase contracts 4,948 5,809
Trade creditors 266,319 240,483
Taxation and social security 44,599 50,320
Other creditors 4,830 4,400
376,661 347,983

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 12,714 34,509
Hire purchase contracts 8,677 1,797
21,391 36,306

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 34,509 56,304

HSBC bank have a fixed and floating charge over the Company's assets.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors operated a loan with the company with no fixed terms of repayment or interest. Amounts advanced during the year were £nil (2023 - £3,794) and repayments amounting to £3,794 (2023 - nil). At the year end the amount owing to the company was £nil (2023 - £3,794).