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Company Registration No. 06774291 (England and Wales)
Grants Blinds Limited Unaudited accounts for the year ended 31 December 2024
Grants Blinds Limited Unaudited accounts Contents
Page
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Grants Blinds Limited Company Information for the year ended 31 December 2024
Directors
G Guest A Guest
Company Number
06774291 (England and Wales)
Registered Office
Leigh House Single Street Westerham Kent TN16 3AB
Accountants
Weald Accounting Limited 87 Redwing Road Clanfield Waterlooville Hampshire PO8 0LX
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Grants Blinds Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
7,838 
- 
Tangible assets
40,136 
59,918 
47,974 
59,918 
Current assets
Inventories
384,975 
329,580 
Debtors
272,394 
403,795 
Cash at bank and in hand
1,203,991 
715,025 
1,861,360 
1,448,400 
Creditors: amounts falling due within one year
(1,514,283)
(1,299,679)
Net current assets
347,077 
148,721 
Total assets less current liabilities
395,051 
208,639 
Creditors: amounts falling due after more than one year
(22,167)
(67,973)
Net assets
372,884 
140,666 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
372,880 
140,662 
Shareholders' funds
372,884 
140,666 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2025 and were signed on its behalf by
G Guest Director Company Registration No. 06774291
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Grants Blinds Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Grants Blinds Limited is a private company, limited by shares, registered in England and Wales, registration number 06774291. The registered office is Leigh House, Single Street, Westerham, Kent, TN16 3AB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
25% straight line
Plant & machinery
25% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Grants Blinds Limited Notes to the Accounts for the year ended 31 December 2024
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 January 2024
22,061 
- 
22,061 
Additions
- 
7,838 
7,838 
At 31 December 2024
22,061 
7,838 
29,899 
Amortisation
At 1 January 2024
22,061 
- 
22,061 
At 31 December 2024
22,061 
- 
22,061 
Net book value
At 31 December 2024
- 
7,838 
7,838 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
103,096 
21,659 
31,713 
156,468 
Additions
- 
1,741 
14,790 
16,531 
At 31 December 2024
103,096 
23,400 
46,503 
172,999 
Depreciation
At 1 January 2024
68,313 
12,799 
15,438 
96,550 
Charge for the year
22,012 
5,585 
8,716 
36,313 
At 31 December 2024
90,325 
18,384 
24,154 
132,863 
Net book value
At 31 December 2024
12,771 
5,016 
22,349 
40,136 
At 31 December 2023
34,783 
8,860 
16,275 
59,918 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
162,200 
100,610 
Accrued income and prepayments
99,244 
71,503 
Other debtors
10,950 
231,682 
272,394 
403,795 
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Grants Blinds Limited Notes to the Accounts for the year ended 31 December 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
38,000 
38,000 
VAT
62,187 
71,503 
Trade creditors
145,185 
69,379 
Taxes and social security
106,975 
36,208 
Other creditors
1,446 
2,445 
Loans from directors
1,050 
1,050 
Accruals
1,159,440 
1,081,094 
1,514,283 
1,299,679 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
22,167 
67,973 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4 
4 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
G Guest
Directors
(1,050)
- 
- 
(1,050)
(1,050)
- 
- 
(1,050)
11
Transactions with related parties
Paid to GBIAB for Director services £88,897 (2023: £88,828)
12
Controlling party
The Company is a wholly owned subsidiary of Grants Blinds International AB, a Company incorporated in Sweden.
13
Average number of employees
During the year the average number of employees was 8 (2023: 14).
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