REGISTERED NUMBER: 11783402 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BIFOLDS CANOPIES AND BLINDS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N P Greening

REGISTERED OFFICE:

Unit 3 Albion Court

Studlands Park Avenue

Newmarket

CB8 7XA

REGISTERED NUMBER:

11783402 (England and Wales)

ACCOUNTANTS:

Prentis & Co LLP

Chartered Accountants

115c Milton Road

Cambridge

CB4 1XE

FIXED ASSETS

Tangible assets

4

95,150

156,476

CURRENT ASSETS

Stocks

61,411

143,118

Debtors

5

359,968

157,947

Cash at bank and in hand

16,903

15,850

438,282

316,915

CREDITORS

Amounts falling due within one year

6

461,069

243,082

NET CURRENT (LIABILITIES)/ASSETS

(22,787

)

73,833

TOTAL ASSETS LESS CURRENT LIABILITIES

72,363

230,309

CREDITORS

Amounts falling due after more than one year

7

(5,377

)

(11,423

)

PROVISIONS FOR LIABILITIES

(14,404

)

(29,137

)

NET ASSETS

52,582

189,749

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

52,482

189,649

SHAREHOLDERS' FUNDS

52,582

189,749

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 January 2026 and were signed by:

N P Greening - Director

1.	STATUTORY INFORMATION

Bifolds Canopies And Blinds Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

The financial statements include the results of the company's operations all of which are continuing. The financial statements have been prepared on a going concern basis. This may not be appropriate because at 31st December 2024 the company's current liabilities exceeded its current assets by £22,787 and total liabilities of the company were £480,850. The company is reliant upon the continued support of its director, bank and creditors, but there is no evidence to suggest that this will not continue and that further funds will not be provided as necessary to enable the company to continue as a going concern.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

33% on cost and 25% on cost

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

111,108

-

189,646

8,446

309,200

Additions

4,695

7,280

23,988

-

35,963

Disposals

(61,663

)

-

(19,365

)

(8,446

)

(89,474

)

At 31 December 2024

54,140

7,280

194,269

-

255,689

DEPRECIATION

At 1 January 2024

75,211

-

70,597

6,916

152,724

Charge for year

4,535

509

51,448

-

56,492

Eliminated on disposal

(29,985

)

-

(11,776

)

(6,916

)

(48,677

)

At 31 December 2024

49,761

509

110,269

-

160,539

NET BOOK VALUE

At 31 December 2024

4,379

6,771

84,000

-

95,150

At 31 December 2023

35,897

-

119,049

1,530

156,476

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

143,391

83,693

Intercompany loan

172,000

45,000

Tax

-

6,254

VAT

22,263

-

Prepayments

22,314

-

Accrued income

-

23,000

359,968

157,947

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

6,450

6,594

Hire purchase contracts

87,239

90,539

Trade creditors

220,999

73,227

Social security and other taxes

54,406

9,570

VAT

-

5,175

Other creditors

10,504

43,712

Directors' current accounts

62,000

1,625

Accruals and deferred income

19,471

12,640

461,069

243,082

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

5,377

11,423

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N P Greening.