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Company Registration No. 05294980 (England and Wales)
Loft Blinds Limited Unaudited accounts for the year ended 30 April 2025
Loft Blinds Limited Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
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Loft Blinds Limited Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
5
99
123
Current assets
Inventories
-
1,000
Debtors
6
3,600
-
Cash at bank and in hand
22,929
12,135
26,529
13,135
Creditors: amounts falling due within one year
7
(16,280)
(6,775)
Net current assets
10,249
6,360
Total assets less current liabilities
10,348
6,483
Creditors: amounts falling due after more than one year
8
-
(3,681)
Net assets
10,348
2,802
Capital and reserves
Called up share capital
100
100
Profit and loss account
10,248
2,702
Shareholders' funds
10,348
2,802
For the year ending 30 April 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 24 October 2025 and were signed on its behalf by
Mr John Penny Director Company Registration No. 05294980
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Loft Blinds Limited Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
Loft Blinds Limited is a private company, limited by shares, registered in England and Wales, registration number 05294980. The registered office is 33 Fishbourne Road East, Chichester, West Sussex, PO19 3HS.
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Gains and losses on disposals are recognised in the Statement of Income. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
100% straight line (leasehold property improvements)
Plant & machinery
25% straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
33% straight line
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Loft Blinds Limited Notes to the Accounts for the year ended 30 April 2025
4
Intangible fixed assets
Goodwill
£
Cost
At 1 May 2024
300,000
At 30 April 2025
300,000
Amortisation
At 1 May 2024
300,000
At 30 April 2025
300,000
Net book value
At 30 April 2025
-
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 May 2024
5,260
1,619
4,629
2,589
14,097
At 30 April 2025
5,260
1,619
4,629
2,589
14,097
Depreciation
At 1 May 2024
5,260
1,619
4,507
2,588
13,974
Charge for the year
-
-
24
-
24
At 30 April 2025
5,260
1,619
4,531
2,588
13,998
Net book value
At 30 April 2025
-
-
98
1
99
At 30 April 2024
-
-
122
1
123
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
3,600
-
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
-
1,631
VAT
3,812
154
Trade creditors
97
3,638
Taxes and social security
3,401
129
Loans from directors
190
363
Accruals
8,780
860
16,280
6,775
- 5 -
Loft Blinds Limited Notes to the Accounts for the year ended 30 April 2025
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
-
3,681
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).
- 6 -