McGarry Blinds Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07036610

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		130,855		135,922

			130,855		135,922
CURRENT ASSETS
Debtors	5	59,830		86,731
Cash at bank and in hand		138,866		192,033

		198,696		278,764
Creditors: Amounts falling due within one year	6	(155,531 )		(169,857 )

NET CURRENT ASSETS (LIABILITIES)			43,165		108,907

TOTAL ASSETS LESS CURRENT LIABILITIES			174,020		244,829

Creditors: Amounts falling due after more than one year	7		-		(10,682 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(28,020 )		(28,987 )

NET ASSETS			146,000		205,160

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			145,900		205,060

SHAREHOLDERS' FUNDS			146,000		205,160

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McGarry Blinds Limited

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 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.

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 McGarry

Director

16/07/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

McGarry Blinds Limited is a private company limited by shares, and is incorporated in England & Wales (registered number 07036610 .) Its registered office and principal place of business is located at Unit 17, Nonsuch Industrial Estate, Kiln Lane, Epsom, Surrey, KT17 1DH.

The principal activity of the company continued to be the sale and fitting of bespoke blinds and shutters to retail and wholesale customers.

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.

The financial statements are presented in sterling, which is the functional currency of the company.

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 have also been consistently applied within the same accounts.

2.2. Turnover

Tunover represents the net invoiced sales of goods and services, excluding value added tax - except in respect of service contracts, where turnover is recognised when the company earns the right to consideration based on the extent to which work has been completed.

2.3. 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	20% on cost
Motor Vehicles	25% reducing balance
Fixtures & Fittings	20% on cost
Computer Equipment	33% on cost

Impairment of Assets

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.

If an impairment loss subsequently reverses, the carrying 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 been recognised for the asset in prior years.

All impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

2.4. Leasing and Hire Purchase Contracts

Rentals payable under operating leases, where substantially all of the benefits and risks of ownership remain with the lessor, are charged to profit and loss account on a straight line basis over the lease term.

2.5. Financial Instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans with related parties and other third parties.

Financial Assets

Basic financial assets, including trade and other receivables, and cash and bank balances are recognised at transaction price, less any impairment.

Financial Liabilities

Basic financial liabilities, including trade and other payables, are recognised at transaction price, less any impairment, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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McGarry Blinds Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. Taxation

The overall tax charge represents the sum of the tax currently payable and deferred tax.

Current and deferred tax are recognised in the profit and loss account 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. On the grounds of immateriality, deferred tax assets and liabilities are not discounted.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because it excludes items of income and expenditure that are not taxable or deductible, or that are taxable or deductible in other accounting periods. 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

Deferred tax is provided in full on timing differences which result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they crystallise. Timing differences arise from the inclusion of items of income and expenditure in the taxation computation in periods different from those in which they are included in the financial statements.

Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.8. Employee Benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 11 (2024: 12)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2025	191,578	40,506	14,689	12,732	259,505
Additions	13,187	33,678	-	2,065	48,930
Disposals	(28,216 )	(11,000 )	-	-	(39,216 )

As at 31 December 2025	176,549	63,184	14,689	14,797	269,219

Depreciation
As at 1 January 2025	69,471	37,986	7,319	8,807	123,583
Provided during the period	33,668	2,376	2,800	2,136	40,980
Disposals	(16,016 )	(10,183 )	-	-	(26,199 )

As at 31 December 2025	87,123	30,179	10,119	10,943	138,364

Net Book Value
As at 31 December 2025	89,426	33,005	4,570	3,854	130,855

As at 1 January 2025	122,107	2,520	7,370	3,925	135,922

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McGarry Blinds Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	47,673	73,022
Other debtors	12,157	13,709

	59,830	86,731

6. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Trade creditors	16,170	73,764
Bank loans and overdrafts	10,508	10,072
Other creditors	89,389	61,755
Taxation and social security	39,464	24,266

	155,531	169,857

7. Creditors: Amounts falling due after more than one year

	2025	2024
	£	£
Bank loans	-	10,682

8. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
75 Ordinary A shares of £ 1.00 each	75	75
10 Ordinary B shares of £ 1.00 each	10	10
5 Ordinary C shares of £ 1.00 each	5	5
5 Ordinary D shares of £ 1.00 each	5	5
5 Ordinary E shares of £ 1.00 each	5	5

	100	100

9. Other Commitments

At the balance sheet date, the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases as follows:

	2025	2024
	£	£
Not later than one year	61,597	52,753
Later than one year and not later than five years	94,137	22,426

	155,734	75,179

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