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REGISTERED NUMBER: 09802999 (England and Wales)








COUNTRY SHUTTERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






COUNTRY SHUTTERS LIMITED (REGISTERED NUMBER: 09802999)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

COUNTRY SHUTTERS LIMITED

COMPANY INFORMATION
for the year ended 31 October 2024







DIRECTORS: Miss L J Patten
Mr D D Wingent





REGISTERED OFFICE: The Studio
109 Burnt Hill Road
Lower Bourne
Farnham
Surrey
GU10 3LH





REGISTERED NUMBER: 09802999 (England and Wales)





ACCOUNTANTS: Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR

COUNTRY SHUTTERS LIMITED (REGISTERED NUMBER: 09802999)

BALANCE SHEET
31 October 2024

2024 2023
Notes £ £
FIXED ASSETS
Intangible assets 4 - 205
Tangible assets 5 587 3,262
587 3,467

CURRENT ASSETS
Debtors 6 6,541 10,953
Cash at bank 501 1,152
7,042 12,105
CREDITORS
Amounts falling due within one year 7 (134,158 ) (146,873 )
NET CURRENT LIABILITIES (127,116 ) (134,768 )
TOTAL ASSETS LESS CURRENT LIABILITIES (126,529 ) (131,301 )

CREDITORS
Amounts falling due after more than one year 8 (20,122 ) (24,236 )
NET LIABILITIES (146,651 ) (155,537 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (146,751 ) (155,637 )
SHAREHOLDERS' FUNDS (146,651 ) (155,537 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

COUNTRY SHUTTERS LIMITED (REGISTERED NUMBER: 09802999)

BALANCE SHEET - continued
31 October 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 has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2025 and were signed on its behalf by:





Mr D D Wingent - Director


COUNTRY SHUTTERS LIMITED (REGISTERED NUMBER: 09802999)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2024


1. STATUTORY INFORMATION

Country Shutters 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.

The company considers it appropriate to prepare the financial statements on a going concern basis as the company has the ongoing financial support of the directors. In order to maintain the going concern basis of these financial statements, the directors have confirmed that they will continue to provide financial support for the next year, ensuring that all third party liabilities are met as they fall due.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax where applicable. Turnover is recognised on the installation of the goods sold.

Intangible fixed assets
Intangible fixed assets relate to website development costs which are amortised on a straight line basis over 4 years.

Tangible fixed assets
Tangible assets are stated at cost less accumulated depreciation. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided at the following annual rates on order to write off each asset over its estimated useful life.

Improvement to Property- 10% straight line on cost
Motor vehicles- 33% straight line on cost
Computer Equipment- 25% straight line on cost

On disposal the difference between the net proceeds and carrying amount of the item sold is recognised in profit or loss, and included in administrative expenses.

Financial instruments
Financial instruments are classified by directors as basic or non-basic following the conditions on FRS 102 Section 11. Basic financial instruments are initially measured at transaction price (including transaction cost) and subsequently recognised at amortised cost using the effective interest method. The company does not have any non-basic financial instruments.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Financial instruments
Financial instruments are classified by directors as basic or advanced following the conditions on FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest rate method. The company does not have any advanced financial instruments.

COUNTRY SHUTTERS LIMITED (REGISTERED NUMBER: 09802999)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024


2. ACCOUNTING POLICIES - continued

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 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 where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax is measured at the average tax rates that are expected to apply in the periods in which timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax in measured on a non- discounted basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Website
development
costs
£
COST
At 1 November 2023
and 31 October 2024 12,681
AMORTISATION
At 1 November 2023 12,476
Amortisation for year 205
At 31 October 2024 12,681
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 205

COUNTRY SHUTTERS LIMITED (REGISTERED NUMBER: 09802999)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 November 2023 6,211
Disposals (2,600 )
At 31 October 2024 3,611
DEPRECIATION
At 1 November 2023 2,949
Charge for year 590
Eliminated on disposal (515 )
At 31 October 2024 3,024
NET BOOK VALUE
At 31 October 2024 587
At 31 October 2023 3,262

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 704 4,687
Other debtors 5,837 6,266
6,541 10,953

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts (see note 9) 4,123 7,127
Trade creditors 16,317 24,103
Taxation and social security 18,872 15,532
Other creditors 94,846 100,111
134,158 146,873

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans (see note 9) 20,122 24,236

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr 2,561 7,267

COUNTRY SHUTTERS LIMITED (REGISTERED NUMBER: 09802999)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

The company received a Coronavirus Bounce Back Loan which attracts interest at a fixed rate of 2.5%. A business interruption payment has been made by the government to cover the first 12 months interest payments. There were no capital repayments in the first year and repayments of capital and interest are being paid monthly until May 2030. The loan is unsecured.

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£ £
Amounts falling due within one year or on demand:
Bank loans 4,123 7,127

Amounts falling due between one and two years:
Bank loans - 1-2 years 4,227 4,123

Amounts falling due between two and five years:
Bank loans - 2-5 years 13,334 12,846

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr 2,561 7,267

10. TRANSACTIONS WITH DIRECTORS

As at the year end the director was owed £66,246 (2023: £74,415). The amount is interest free and repayable on demand.

11. DEFERRED TAX

At 31 October 2024, the company has tax losses carried forward of £130,000 (2023: £145,000). No deferred tax asset has been recognised on the basis that there is insufficient evidence when the asset will be recoverable, which depends upon the company's future taxable profits.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
COUNTRY SHUTTERS LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Country Shutters Limited for the year ended 31 October 2024 which comprise the Profit and loss, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Country Shutters Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Country Shutters Limited and state those matters that we have agreed to state to the Board of Directors of Country Shutters Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Country Shutters Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Country Shutters Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Country Shutters Limited. You consider that Country Shutters Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Country Shutters Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any rights against Bessler Hendrie LLP for any purpose or in any context. Any party, other than the Directors, who obtains access to this report or a copy and chooses to rely on this report (or any part of it) will do so at its own risk.






Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR


19 May 2025