Registered number
04290311
The Complete Blind Service Limited
Filleted Accounts
30 September 2024
The Complete Blind Service Limited
Registered number: 04290311
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 11,163 11,097
Current assets
Stocks 11,703 7,474
Debtors 5 68,587 72,696
Cash at bank and in hand 124,777 243,761
205,067 323,931
Creditors: amounts falling due within one year 6 (109,040) (153,920)
Net current assets 96,027 170,011
Total assets less current liabilities 107,190 181,108
Creditors: amounts falling due after more than one year 7 (12,506) (22,700)
Net assets 94,684 158,408
Capital and reserves
Called up share capital 100 100
Profit and loss account 94,584 158,308
Shareholders' funds 94,684 158,408
The directors are 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 directors acknowledge their 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.
D Bradford
Director
Approved by the board on 20 June 2025
The Complete Blind Service Limited
Notes to the Accounts
for the year ended 30 September 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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 11 13
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2023 102,600
At 30 September 2024 102,600
Amortisation
At 1 October 2023 102,600
At 30 September 2024 102,600
Net book value
At 30 September 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2023 81,483 13,262 94,745
At 30 September 2024 81,483 13,262 94,745
Depreciation
At 1 October 2023 81,473 2,109 83,582
At 30 September 2024 81,473 2,109 83,582
Net book value
At 30 September 2024 10 11,153 11,163
At 30 September 2023 10 11,153 11,163
5 Debtors 2024 2023
£ £
Trade debtors 53,409 64,457
Other debtors 15,178 8,239
68,587 72,696
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,718 4,718
Trade creditors 26,247 37,462
Taxation and social security costs 27,932 40,321
Other creditors 50,143 71,419
109,040 153,920
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 12,506 22,700
8 Revaluation reserve 2024 2023
£ £
At 1 October 2023 - 91,181
Loss on revaluation of land and buildings - (91,181)
At 30 September 2024 - -
9 Other information
The Complete Blind Service Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 20 Walthamstow Business Centre,
Clifford Road
London
E17 4SX
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