IRIS Accounts Production v25.2.0.378 10430717 director 1.12.23 30.11.24 30.11.24 0 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh104307172023-11-30104307172024-11-30104307172023-12-012024-11-30104307172022-11-30104307172022-12-012023-11-30104307172023-11-3010430717ns15:EnglandWales2023-12-012024-11-3010430717ns14:PoundSterling2023-12-012024-11-3010430717ns10:Director12023-12-012024-11-3010430717ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3010430717ns10:SmallEntities2023-12-012024-11-3010430717ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3010430717ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3010430717ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3010430717ns10:FullAccounts2023-12-012024-11-301043071712023-12-012024-11-3010430717ns10:RegisteredOffice2023-12-012024-11-3010430717ns5:CurrentFinancialInstruments2024-11-3010430717ns5:CurrentFinancialInstruments2023-11-3010430717ns5:Non-currentFinancialInstruments2024-11-3010430717ns5:Non-currentFinancialInstruments2023-11-3010430717ns5:ShareCapital2024-11-3010430717ns5:ShareCapital2023-11-3010430717ns5:RetainedEarningsAccumulatedLosses2024-11-3010430717ns5:RetainedEarningsAccumulatedLosses2023-11-3010430717ns5:NetGoodwill2023-12-012024-11-3010430717ns5:IntangibleAssetsOtherThanGoodwill2023-12-012024-11-3010430717ns5:PlantMachinery2023-12-012024-11-3010430717ns5:MotorVehicles2023-12-012024-11-3010430717ns5:ComputerEquipment2023-12-012024-11-3010430717ns5:NetGoodwill2023-11-3010430717ns5:NetGoodwill2024-11-3010430717ns5:NetGoodwill2023-11-3010430717ns5:PlantMachinery2023-11-3010430717ns5:MotorVehicles2023-11-3010430717ns5:ComputerEquipment2023-11-3010430717ns5:PlantMachinery2024-11-3010430717ns5:MotorVehicles2024-11-3010430717ns5:ComputerEquipment2024-11-3010430717ns5:PlantMachinery2023-11-3010430717ns5:MotorVehicles2023-11-3010430717ns5:ComputerEquipment2023-11-3010430717ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-3010430717ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-3010430717ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-11-3010430717ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-11-30104307171ns10:Director12023-11-30104307171ns10:Director12022-11-30104307171ns10:Director12023-12-012024-11-30104307171ns10:Director12022-12-012023-11-30104307171ns10:Director12024-11-30104307171ns10:Director12023-11-30
REGISTERED NUMBER: 10430717 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

CAROLINA BLINDS & CURTAINS (SOUTH WEST)
LTD

CAROLINA BLINDS & CURTAINS (SOUTH WEST)
LTD (REGISTERED NUMBER: 10430717)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAROLINA BLINDS & CURTAINS (SOUTH WEST)
LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTOR: Mrs P Comley-Ross



REGISTERED OFFICE: 9 Greenslade
Witheridge
Tiverton
Devon
EX16 8AX



REGISTERED NUMBER: 10430717 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: TSB
22 The Strand
Exmouth
Devon
EX8 1AG

CAROLINA BLINDS & CURTAINS (SOUTH WEST)
LTD (REGISTERED NUMBER: 10430717)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,106 7,659
Tangible assets 5 5,901 10,914
11,007 18,573

CURRENT ASSETS
Stocks 6 10,872 15,726
Debtors 7 17,740 7,928
Cash at bank and in hand 1,556 1,842
30,168 25,496
CREDITORS
Amounts falling due within one year 8 51,282 66,801
NET CURRENT LIABILITIES (21,114 ) (41,305 )
TOTAL ASSETS LESS CURRENT LIABILITIES (10,107 ) (22,732 )

CREDITORS
Amounts falling due after more than one
year

9

19,845

20,819
NET LIABILITIES (29,952 ) (43,551 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (30,052 ) (43,651 )
SHAREHOLDERS' FUNDS (29,952 ) (43,551 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

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.

CAROLINA BLINDS & CURTAINS (SOUTH WEST)
LTD (REGISTERED NUMBER: 10430717)

BALANCE SHEET - continued
30 NOVEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2025 and were signed by:





Mrs P Comley-Ross - Director


CAROLINA BLINDS & CURTAINS (SOUTH WEST)
LTD (REGISTERED NUMBER: 10430717)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

Carolina Blinds & Curtains (South West) Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Purchased Goodwill is reflected in the accounts at its cost value less amortisation. Inherent Goodwill is not reflected in the accounts.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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 year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 year 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.

CAROLINA BLINDS & CURTAINS (SOUTH WEST)
LTD (REGISTERED NUMBER: 10430717)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


2. ACCOUNTING POLICIES - continued

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

Going concern
The company meets its day to day working capital requirements by extending it's creditor's terms, and through a loan provided by Mrs P Comley-Ross, a Director of the company. She will continue to support the company in this way until such times as profits are made.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 25,530
AMORTISATION
At 1 December 2023 17,871
Amortisation for year 2,553
At 30 November 2024 20,424
NET BOOK VALUE
At 30 November 2024 5,106
At 30 November 2023 7,659

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2023 6,719 18,600 3,753 29,072
Disposals - (10,500 ) - (10,500 )
At 30 November 2024 6,719 8,100 3,753 18,572
DEPRECIATION
At 1 December 2023 3,099 12,618 2,441 18,158
Charge for year 724 854 870 2,448
Eliminated on disposal - (7,935 ) - (7,935 )
At 30 November 2024 3,823 5,537 3,311 12,671
NET BOOK VALUE
At 30 November 2024 2,896 2,563 442 5,901
At 30 November 2023 3,620 5,982 1,312 10,914

CAROLINA BLINDS & CURTAINS (SOUTH WEST)
LTD (REGISTERED NUMBER: 10430717)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


6. STOCKS
2024 2023
£    £   
Stocks 10,872 15,726

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,446 2,744
Amounts recoverable on contract 12,556 5,184
Other debtors 738 -
17,740 7,928

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,819 2,671
Trade creditors 5,532 13,160
VAT 19,893 22,245
Directors' current accounts 19,579 14,189
Accruals and deferred income 3,459 14,536
51,282 66,801

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1- 10 years 19,845 20,819

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
£    £   
Mrs P Comley-Ross
Balance outstanding at start of year (14,189 ) (32,262 )
Amounts advanced 22,589 41,957
Amounts repaid (27,979 ) (23,884 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (19,579 ) (14,189 )

Loans are unsecured, interest free and repayable on demand.

11. GOVERNMENT GUARANTEED LOAN

The bank loan of £22,664 is a COVID-19 Bounce Back Loan, guaranteed by the government. Term runs to November 2031.