REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 August 2023 to 31 December 2024 |
for |
Artistic Blinds Commercial Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 August 2023 to 31 December 2024 |
for |
Artistic Blinds Commercial Ltd |
Artistic Blinds Commercial Ltd (Registered number: 07696141) |
Contents of the Financial Statements |
for the Period 1 August 2023 to 31 December 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Artistic Blinds Commercial Ltd |
Company Information |
for the Period 1 August 2023 to 31 December 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
BUSINESS ADDRESS: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Northfield House |
Shurdington Road |
Bentham |
Cheltenham |
Gloucestershire |
GL51 4UA |
Artistic Blinds Commercial Ltd (Registered number: 07696141) |
Balance Sheet |
31 December 2024 |
31.12.24 | 31.7.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks | 5 |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
PROVISIONS FOR LIABILITIES | 10 | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 11 |
Retained earnings | 12 |
SHAREHOLDERS' FUNDS |
The director acknowledges her 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. |
Artistic Blinds Commercial Ltd (Registered number: 07696141) |
Balance Sheet - continued |
31 December 2024 |
The financial statements were approved by the director and authorised for issue on |
Artistic Blinds Commercial Ltd (Registered number: 07696141) |
Notes to the Financial Statements |
for the Period 1 August 2023 to 31 December 2024 |
1. | STATUTORY INFORMATION |
Artistic Blinds Commercial Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Website upgrade | - |
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 period 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. |
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 period 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. |
Artistic Blinds Commercial Ltd (Registered number: 07696141) |
Notes to the Financial Statements - continued |
for the Period 1 August 2023 to 31 December 2024 |
2. | ACCOUNTING POLICIES - continued |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor | Website |
machinery | fittings | vehicles | upgrade | Totals |
£ | £ | £ | £ | £ |
COST |
Additions |
At 31 December 2024 |
DEPRECIATION |
Charge for period |
At 31 December 2024 |
NET BOOK VALUE |
At 31 December 2024 |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Motor |
vehicles |
£ |
COST |
Additions |
At 31 December 2024 |
DEPRECIATION |
Charge for period |
At 31 December 2024 |
NET BOOK VALUE |
At 31 December 2024 |
5. | STOCKS |
31.12.24 | 31.7.23 |
£ | £ |
Stocks |
Artistic Blinds Commercial Ltd (Registered number: 07696141) |
Notes to the Financial Statements - continued |
for the Period 1 August 2023 to 31 December 2024 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.24 | 31.7.23 |
£ | £ |
Trade debtors |
Customer retentions | 5,180 | - |
Directors' current accounts | 2,448 | - |
Prepayments |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.24 | 31.7.23 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Trade creditors |
Corporation tax |
Social security and other taxes |
VAT | 22,560 | - |
Pensions payable |
Commercial deposits | 74,296 | - |
Accrued expenses |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.12.24 | 31.7.23 |
£ | £ |
Hire purchase contracts |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.12.24 | 31.7.23 |
£ | £ |
Hire purchase contracts | 10,633 | - |
The hire purchase contract is secured upon the asset to which it relates. |
10. | PROVISIONS FOR LIABILITIES |
31.12.24 | 31.7.23 |
£ | £ |
Deferred tax | 7,216 | - |
Deferred |
tax |
£ |
Charge to Income Statement during period |
Balance at 31 December 2024 |
Artistic Blinds Commercial Ltd (Registered number: 07696141) |
Notes to the Financial Statements - continued |
for the Period 1 August 2023 to 31 December 2024 |
11. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.24 | 31.7.23 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
12. | RESERVES |
Retained |
earnings |
£ |
Profit for the period |
Dividends | ( |
) |
At 31 December 2024 |
13. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the period ended 31 December 2024 and the year ended 31 July 2023: |
31.12.24 | 31.7.23 |
£ | £ |
Balance outstanding at start of period |
Amounts advanced |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period |
No interest has been charged on this loan and regular repayments have been established to ensure it will be fully repaid shortly after the period end. |
14. | RELATED PARTY DISCLOSURES |
During the period the director, Mrs M E Griffin, received net dividends from the company of £25,000. |
15. | ULTIMATE CONTROLLING PARTY |
Mrs M E Griffin is the ultimate controlling party by virtue of her holding all of the company's issued share capital. |