CHOICES CURTAINS AND BLINDS LTD

Registered Number: 09708881 CHOICES CURTAINS AND BLINDS LTD
Balance Sheet
As at 31 July 2024

	Notes	2024 £	2023 £
Fixed assets
Intangible fixed assets	3	9,600	12,000
Tangible fixed assets	4	7,837	10,449
		17,437	22,449
Current assets
Stocks		63,915	73,790
Debtors		53,266	20,696
Cash at bank and in hand		(20,269)	(19,455)
		96,912	75,031
Creditors: amount falling due within one year		(110,578)	(77,819)
Net current assets		(13,666)	(2,788)

Total assets less current liabilities		3,771	19,661
Creditors: amount falling due after more than one year		-	(21,903)
Net assets		3,771	(2,242)

Capital and reserves
Called up share capital	5	3	3
Profit and loss account		3,768	(2,245)
Shareholders' funds		3,771	(2,242)

For the year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 03 April 2025 and were signed on its behalf by:

-------------------------------
Gary Smith
Director

CHOICES CURTAINS AND BLINDS LTD
Notes to the Abridged Financial Statements
For the year ended 31 July 2024

General Information

CHOICES CURTAINS AND BLINDS LTD is a private company, limited by shares, registered in England and Wales, registration number 09708881, registration address 21 THE PRECINCT, WINCHESTER ROAD, CHANDLER'S FORD EASTLEIGH, SO53 2GA.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

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)

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Dividends

Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 5 (2023 : 6).

Intangible fixed assets

Cost	Goodwill	Total
	£	£
At 01 August 2023	24,000	24,000
Additions	-	-
Disposals	-	-
At 31 July 2024	24,000	24,000
Amortisation
At 01 August 2023	12,000	12,000
Charge for year	2,400	2,400
On disposals	-	-
At 31 July 2024	14,400	14,400
Net book values
At 31 July 2024	9,600	9,600
At 31 July 2023	12,000	12,000

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Total
	£	£	£
At 01 August 2023	22,427	31,776	54,203
Additions	-	-	-
Disposals	-	-	-
At 31 July 2024	22,427	31,776	54,203
Depreciation
At 01 August 2023	21,299	22,455	43,754
Charge for year	282	2,330	2,612
On disposals	-	-	-
At 31 July 2024	21,581	24,785	46,366
Net book values
Closing balance as at 31 July 2024	846	6,991	7,837
Opening balance as at 01 August 2023	1,128	9,321	10,449

Share Capital

Allotted, called up and fully paid	2024 £	2023 £
2 Ordinary shares of £1.00 each	2	2
1 Ordinary B share of £1.00 each	1	1
	3	3