Registered number
06987802
The Blinds Store Limited
Filleted Accounts
31 March 2024
The Blinds Store Limited
Registered number: 06987802
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 50,531 24,831
Current assets
Stocks 10,500 10,500
Debtors 4 134,608 96,188
Cash at bank and in hand 7,447 35,489
152,555 142,177
Creditors: amounts falling due within one year 5 (161,614) (143,174)
Net current liabilities (9,059) (997)
Total assets less current liabilities 41,472 23,834
Creditors: amounts falling due after more than one year 6 (40,313) (22,200)
Net assets 1,159 1,635
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,157 1,633
Shareholders' funds 1,159 1,635
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Claire Cunnew
Director
Approved by the board on 17 March 2025
The Blinds Store Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% straight line
Motor vehicles 25% straight line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 17,673 60,749 78,422
Additions 258 36,666 36,924
Disposals - (25,627) (25,627)
At 31 March 2024 17,931 71,788 89,719
Depreciation
At 1 April 2023 11,120 42,470 53,590
Charge for the year 1,022 6,781 7,803
On disposals - (22,205) (22,205)
At 31 March 2024 12,142 27,046 39,188
Net book value
At 31 March 2024 5,789 44,742 50,531
At 31 March 2023 6,553 18,279 24,831
4 Debtors 2024 2023
£ £
Trade debtors 111,326 80,526
CIS25 tax deducted 17,472 6,308
Directors loan account 1,685 2,670
Other debtors 4,125 6,684
134,608 96,188
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 8,000 8,000
Obligations under finance lease and hire purchase contracts 9,717 4,139
Trade creditors 93,772 79,474
Taxation and social security costs 45,400 48,041
Other creditors 4,725 3,520
161,614 143,174
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 11,761 20,000
Obligations under finance lease and hire purchase contracts 28,552 2,200
40,313 22,200
7 Other information
The Blinds Store Limited is a private company limited by shares and incorporated in England. Its registered office is:
Bank Chambers
1-3 Woodford Avenue
Gants Hill, Ilford
Essex
IG2 6UF
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