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Registered number: 03260857
Harmony Blinds Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
SR12
Coach House Farm
Shevington Lane
Wigan
WN6 8BH
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—8
Page 1
Company Information
Directors Mr Frank Ryall
Mr Lee Nixon
Mr Colin Mather
Mr Michael Proctor
Mr Craig Holt
Secretary Mr Michael Proctor
Company Number 03260857
Registered Office A1 Edgefold Industrial Estate
Plodder Lane
Bolton
Lancashire
BL4 0LR
Accountants SR12
Coach House Farm
Shevington Lane
Wigan
WN6 8BH
Page 1
Page 2
Balance Sheet
Registered number: 03260857
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 65,000 65,000
Tangible Assets 5 252,978 243,854
Investments 6 169,002 169,002
486,980 477,856
CURRENT ASSETS
Stocks 7 143,143 124,887
Debtors 8 294,293 337,970
Cash at bank and in hand 36,095 21,085
473,531 483,942
Creditors: Amounts Falling Due Within One Year 9 (843,210 ) (876,025 )
NET CURRENT ASSETS (LIABILITIES) (369,679 ) (392,083 )
TOTAL ASSETS LESS CURRENT LIABILITIES 117,301 85,773
Creditors: Amounts Falling Due After More Than One Year 10 (69,706 ) (40,928 )
NET ASSETS 47,595 44,845
CAPITAL AND RESERVES
Called up share capital 12 35,200 35,200
Capital redemption reserve 4,800 4,800
Profit and Loss Account 7,595 4,845
SHAREHOLDERS' FUNDS 47,595 44,845
Page 2
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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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Michael Proctor
Director
29/09/2025
The notes on pages 4 to 8 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Harmony Blinds Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03260857 . The registered office is A1 Edgefold Industrial Estate, Plodder Lane, Bolton, Lancashire, BL4 0LR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 25% Reducing balance
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2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 34 (2023: 34)
34 34
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4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 65,000
As at 31 December 2024 65,000
Net Book Value
As at 31 December 2024 65,000
As at 1 January 2024 65,000
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 309,074 141,460 220,258 144,168 814,960
Additions 5,529 - - 9,707 15,236
As at 31 December 2024 314,603 141,460 220,258 153,875 830,196
Depreciation
As at 1 January 2024 254,000 40,602 143,675 132,829 571,106
Provided during the period - 3,277 - 2,835 6,112
As at 31 December 2024 254,000 43,879 143,675 135,664 577,218
Net Book Value
As at 31 December 2024 60,603 97,581 76,583 18,211 252,978
As at 1 January 2024 55,074 100,858 76,583 11,339 243,854
6. Investments
Unlisted
£
Cost
As at 1 January 2024 169,002
As at 31 December 2024 169,002
Provision
As at 1 January 2024 -
As at 31 December 2024 -
...CONTINUED
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Net Book Value
As at 31 December 2024 169,002
As at 1 January 2024 169,002
7. Stocks
2024 2023
£ £
Stock 143,143 124,887
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 263,340 271,055
Other debtors 30,953 66,915
294,293 337,970
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 11,717 26,135
Trade creditors 316,936 341,988
Bank loans and overdrafts 23,866 115,431
Other creditors 401,942 324,136
Taxation and social security 88,749 68,335
843,210 876,025
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 12,705 26,761
Bank loans 4,167 14,167
Other loans 52,834 -
69,706 40,928
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11. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 11,717 26,135
Later than one year and not later than five years 12,705 26,761
24,422 52,896
24,422 52,896
12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 35,200 35,200
13. Directors Advances, Credits and Guarantees
Included within Debtors are the loans to directors totalling £30,953. These loans are uncecured, interest bearing loans that are repayable on demand.
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