Company Registration No. SC248878 (Scotland)
Industrial Home Blinds (Manufacturers) Limited
Unaudited accounts
for the year ended 31 March 2026
Industrial Home Blinds (Manufacturers) Limited
Unaudited accounts
Contents
Industrial Home Blinds (Manufacturers) Limited
Company Information
for the year ended 31 March 2026
Company Number
SC248878 (Scotland)
Registered Office
"The Summerhouse",29A Kenilworth Road,
Bridge of Allan
Stirling
Scotland
FK9 4EH
United Kingdom
Industrial Home Blinds (Manufacturers) Limited
Statement of financial position
as at 31 March 2026
Tangible assets
117,263
119,212
Cash at bank and in hand
1,256
2,112
Creditors: amounts falling due within one year
(34,149)
(43,778)
Net current liabilities
(28,173)
(38,666)
Total assets less current liabilities
89,090
80,546
Creditors: amounts falling due after more than one year
-
(5,833)
Provisions for liabilities
Called up share capital
6
6
Profit and loss account
87,988
74,041
Shareholders' funds
87,994
74,047
For the year ending 31 March 2026 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 15 September 2026 and were signed on its behalf by
Declan Mckinsley
Director
Company Registration No. SC248878
Industrial Home Blinds (Manufacturers) Limited
Notes to the Accounts
for the year ended 31 March 2026
Industrial Home Blinds (Manufacturers) Limited is a private company, limited by shares, registered in Scotland, registration number SC248878. The registered office is "The Summerhouse",29A Kenilworth Road,, Bridge of Allan, Stirling, Scotland, FK9 4EH, United Kingdom.
2
Compliance with accounting standards
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 as modified by the revaluation of certain assets.
The financial statements have been prepared on a going concern basis. As at 31 March 2026 the company's net current liabilities exceeded net assets by £31477 (2025: £38666). The company relies on the continued support of its director to finance its working capital requirements.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable in relation to the manufacturing of blinds, excluding value added tax.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.
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, and an impairment loss is
recognised immediately in profit or loss.
If an impairment loss subsequently reverses, the carry 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
loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in
profit or loss.
Land & buildings
No depreciation is provided as it is expected that residual value will exceed cost
Plant & machinery
25% per annum reducing balance
Motor vehicles
25% per annum reducing balance
Fixtures & fittings
20% per annum on cost
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Industrial Home Blinds (Manufacturers) Limited
Notes to the Accounts
for the year ended 31 March 2026
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2025
111,416
94,953
21,596
4,129
232,094
At 31 March 2026
111,416
94,953
21,596
4,129
232,094
At 1 April 2025
-
88,637
20,116
4,129
112,882
Charge for the year
-
1,579
370
-
1,949
At 31 March 2026
-
90,216
20,486
4,129
114,831
At 31 March 2026
111,416
4,737
1,110
-
117,263
At 31 March 2025
111,416
6,316
1,480
-
119,212
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
5,833
10,000
Trade creditors
2,985
4,687
Taxes and social security
5,250
6,568
Loans from directors
7,213
13,150
Industrial Home Blinds (Manufacturers) Limited
Notes to the Accounts
for the year ended 31 March 2026
7
Creditors: amounts falling due after more than one year
2026
2025
8
Transactions with related parties
Included with in creditors is a balance of £ 7213 (2025: £13050) due to the late Mr G Mckinsley. This loan is interest free and no fixed terms of repayment have been agreed.
9
Average number of employees
During the year the average number of employees was 2 (2025: 3).