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
Grants Blinds Limited
Company Information
for the year ended 31 December 2024
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
Grants Blinds Limited
Statement of financial position
as at 31 December 2024
Tangible assets
40,136
59,918
Inventories
384,975
329,580
Cash at bank and in hand
1,203,991
715,025
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
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
Grants Blinds Limited
Notes to the Accounts
for the year ended 31 December 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
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.
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.
Grants Blinds Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Intangible fixed assets
Goodwill
Other
Total
At 1 January 2024
22,061
-
22,061
At 31 December 2024
22,061
7,838
29,899
At 1 January 2024
22,061
-
22,061
At 31 December 2024
22,061
-
22,061
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
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
At 31 December 2024
12,771
5,016
22,349
40,136
At 31 December 2023
34,783
8,860
16,275
59,918
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
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
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
8
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4
4
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors
(1,050)
-
-
(1,050)
11
Transactions with related parties
Paid to GBIAB for Director services £88,897 (2023: £88,828)
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).