Company Registration No. SC248878 (Scotland)
Industrial Home Blinds (Manufacturers) Limited
Unaudited accounts
for the year ended 31 March 2025
Industrial Home Blinds (Manufacturers) Limited
Unaudited accounts
Contents
Industrial Home Blinds (Manufacturers) Limited
Company Information
for the year ended 31 March 2025
Company Number
SC248878 (Scotland)
Registered Office
"The Summerhouse",29A Kenilworth Road,
Bridge of Allan
Stirling
Scotland
FK9 4EH
United Kingdom
Accountants
Bridge of Allan Enterprise Ltd
"The Summerhouse"
29A Kenilworth Road, Bridge of Allan
Stirling
FK9 4EH
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Industrial Home Blinds (Manufacturers) Limited
for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Industrial Home Blinds (Manufacturers) Limited for the year ended
31 March 2025 as set out on pages
5 -
9 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 of Scotland, we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020.
Our work has been undertaken in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020.
Bridge of Allan Enterprise Ltd
Chartered Accountants
"The Summerhouse"
29A Kenilworth Road, Bridge of Allan
Stirling
FK9 4EH
15 September 2025
Industrial Home Blinds (Manufacturers) Limited
Statement of financial position
as at 31 March 2025
Tangible assets
119,212
122,638
Investment property
-
80,000
Cash at bank and in hand
2,112
3,716
Creditors: amounts falling due within one year
(43,778)
(54,825)
Net current liabilities
(38,666)
(47,634)
Total assets less current liabilities
80,546
155,004
Creditors: amounts falling due after more than one year
(5,833)
(93,091)
Provisions for liabilities
Called up share capital
6
6
Profit and loss account
74,041
59,775
Shareholders' funds
74,047
59,781
For the year ending 31 March 2025 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 director acknowledges his 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 and authorised for issue on 8 September 2025 and were signed on its behalf by
George Mckinsley
Director
Company Registration No. SC248878
Industrial Home Blinds (Manufacturers) Limited
Notes to the Accounts
for the year ended 31 March 2025
Industrial Home Blinds (Manufacturers) Limited is a private company, limited by shares, registered in Scotland, registration number SC248878. The registered office is "The Summerhouse",29A Kenilworth Road,, Bridge of Allan, Stirling, Scotland, FK9 4EH, United Kingdom.
2
Compliance with accounting standards
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 as modified by the revaluation of certain assets.
The financial statements have been prepared on a going concern basis. As at 31 March 2025 the company's net current liabilities exceeded net assets by £38666 (2024: £47634). The company relies on the continued support of its director to finance its working capital requirements.
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 in relation to the manufacturing of blinds, excluding value added tax.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets
have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of
any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is
lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is
recognised immediately in profit or loss.
If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate
of its recoverable amount, but not in excess of the amount that would have been determined had no impairment
loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in
profit or loss.
Land & buildings
No depreciation is provided as it is expected that residual value will exceed cost
Plant & machinery
25% per annum reducing balance
Motor vehicles
25% per annum reducing balance
Fixtures & fittings
20% per annum on cost
Industrial Home Blinds (Manufacturers) Limited
Notes to the Accounts
for the year ended 31 March 2025
Government grants are recognised when it is reasonable to expect that the grants will be received and that all related conditions will be met, usually on submission of a valid claim for payment. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.
Job Retention Scheme grants relate to staff that have been furloughed due to Covid-19. The Small Business Grant relates to assistance with business costs due to Covid-19.
Investment property is shown at most recent valuation. The valuation has been carried out by the director. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
Industrial Home Blinds (Manufacturers) Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
111,416
94,953
21,596
4,129
232,094
At 31 March 2025
111,416
94,953
21,596
4,129
232,094
At 1 April 2024
-
86,531
19,621
3,304
109,456
Charge for the year
-
2,106
495
825
3,426
At 31 March 2025
-
88,637
20,116
4,129
112,882
At 31 March 2025
111,416
6,316
1,480
-
119,212
At 31 March 2024
111,416
8,422
1,975
825
122,638
Fair value at 1 April 2024
80,000
Fair value at 31 March 2024 is represented by the original cost of £76470 with an increase of £3530 to its current valuation of £80000 by the director in 2019.
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
10,000
20,379
Trade creditors
4,687
3,442
Taxes and social security
6,568
1,411
Loans from directors
13,150
18,827
8
Creditors: amounts falling due after more than one year
2025
2024
Loans from directors
-
70,000
Industrial Home Blinds (Manufacturers) Limited
Notes to the Accounts
for the year ended 31 March 2025
9
Transactions with related parties
Included with in creditors is a balance of £ 13150 (2024: £88827) due to the director. This loan is interest free and no fixed terms of repayment have been agreed.
During the year the investment property was transferred to a member of the directors family at the market value.
10
Average number of employees
During the year the average number of employees was 3 (2024: 3).