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REGISTERED NUMBER: 11252590 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

LONDON INTERIOR BLINDS LIMITED

LONDON INTERIOR BLINDS LIMITED (REGISTERED NUMBER: 11252590)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LONDON INTERIOR BLINDS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: E P Howe





REGISTERED OFFICE: First Floor, Jebsen House
53-61 High Street
Ruislip
Middlesex
HA4 7BD





REGISTERED NUMBER: 11252590 (England and Wales)





ACCOUNTANTS: Sproull & Co.
Chartered Accountants
First Floor, Jebsen House
53-61 High Street
Ruislip
Middlesex
HA4 7BD

LONDON INTERIOR BLINDS LIMITED (REGISTERED NUMBER: 11252590)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 111,850 153,901

CURRENT ASSETS
Debtors 5 163,813 199,554
Cash at bank 40,627 63,524
204,440 263,078
CREDITORS
Amounts falling due within one year 6 166,639 222,269
NET CURRENT ASSETS 37,801 40,809
TOTAL ASSETS LESS CURRENT
LIABILITIES

149,651

194,710

CREDITORS
Amounts falling due after more than one year 7 (104,361 ) (130,942 )

PROVISIONS FOR LIABILITIES 8 (12,409 ) (16,287 )
NET ASSETS 32,881 47,481

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 32,781 47,381
32,881 47,481

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

LONDON INTERIOR BLINDS LIMITED (REGISTERED NUMBER: 11252590)

BALANCE SHEET - continued
31ST MARCH 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th January 2025 and were signed by:





E P Howe - Director


LONDON INTERIOR BLINDS LIMITED (REGISTERED NUMBER: 11252590)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

London Interior 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.

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 and value added tax.

Non-refundable deposits are recognised as turnover at the point of receipt. The balance of any revenue is recognised at the point goods are fitted by the company as, in the opinion of the director, this represents the point where substantially all of the risks and rewards of the goods are surrendered by the company and contractual obligations have been met.

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 - 33% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 33% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
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.

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.

LONDON INTERIOR BLINDS LIMITED (REGISTERED NUMBER: 11252590)

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


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company contributes to personal pension schemes for employees. The assets of the schemes are held independently of the company by an insurance company. The amount charged to the profit and loss account is the contributions payable in the year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 210,172
Additions 5,123
Disposals (14,875 )
At 31st March 2024 200,420
DEPRECIATION
At 1st April 2023 56,271
Charge for year 36,400
Eliminated on disposal (4,101 )
At 31st March 2024 88,570
NET BOOK VALUE
At 31st March 2024 111,850
At 31st March 2023 153,901

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 97,812 151,689
Other debtors 66,001 47,865
163,813 199,554

LONDON INTERIOR BLINDS LIMITED (REGISTERED NUMBER: 11252590)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,113 6,937
Hire purchase contracts 21,141 18,557
Trade creditors 46,228 43,767
Taxation and social security 10,414 15,013
Other creditors 81,743 137,995
166,639 222,269

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 9,764 16,877
Hire purchase contracts 94,597 114,065
104,361 130,942

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Deferred tax 16,287 18,125
Deferred taxation movement (3,878 ) (1,838 )
12,409 16,287

Deferred
tax
£   
Balance at 1st April 2023 16,287
Utilised during year (3,878 )
Balance at 31st March 2024 12,409