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Company Registration No. NI688500 (Northern Ireland)
Sap Blinds & Shutters Ltd Unaudited accounts for the year ended 31 March 2025
Sap Blinds & Shutters Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
24,240
4,056
Current assets
Inventories
1,500
1,500
Debtors
5
4,492
796
Cash at bank and in hand
1,025
1,046
7,017
3,342
Creditors: amounts falling due within one year
6
(28,307)
(4,762)
Net current liabilities
(21,290)
(1,420)
Net assets
2,950
2,636
Capital and reserves
Called up share capital
7
2
2
Profit and loss account
2,948
2,634
Shareholders' funds
2,950
2,636
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 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 30 September 2025 and were signed on its behalf by
Stuart Paysden Director Company Registration No. NI688500
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Sap Blinds & Shutters Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Sap Blinds & Shutters Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI688500. The registered office is SAP Blinds & Shutters Ltd, 15 Duke Street, Ballymena, County Antrim, BT43 6BL, Northern Ireland.
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 supply Blinds and Shutters are recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the fitting of blinds 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:
Motor vehicles
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Going concern
The directors believe that the company SAP Blinds and Shutters Limited has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in preparation of its financial statements.
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Sap Blinds & Shutters Ltd Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
5,500
3,257
-
8,757
Additions
17,945
3,504
549
21,998
At 31 March 2025
23,445
6,761
549
30,755
Depreciation
At 1 April 2024
3,529
1,172
-
4,701
Charge for the year
693
1,103
18
1,814
At 31 March 2025
4,222
2,275
18
6,515
Net book value
At 31 March 2025
19,223
4,486
531
24,240
At 31 March 2024
1,971
2,085
-
4,056
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
2,244
-
Trade debtors
-
796
Other debtors
2,248
-
4,492
796
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
-
677
Trade creditors
5,058
712
Taxes and social security
-
2,248
Other creditors
479
238
Loans from directors
22,770
887
28,307
4,762
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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