Reynolds Blinds (Oxford) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07280785 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2018

for

REYNOLDS BLINDS (OXFORD) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Pickup

I R Pickup

J D Pickup

REGISTERED OFFICE:

19-25 Melchett Road

Kings Norton

Birmingham

West Midlands

B30 3HG

REGISTERED NUMBER:

07280785 (England and Wales)

ACCOUNTANTS:

Stanley Yule Chartered Accountants

Waterside House

Waterside Business Park

1649 Pershore Road

Birmingham

West Midlands

B30 3DR

FIXED ASSETS

Tangible assets

4

3,292

6,775

CURRENT ASSETS

Stocks

1,814

4,790

Debtors

5

41,454

38,646

Cash at bank

174,491

133,431

217,759

176,867

CREDITORS

Amounts falling due within one year

6

138,091

125,691

NET CURRENT ASSETS

79,668

51,176

TOTAL ASSETS LESS CURRENT LIABILITIES

82,960

57,951

PROVISIONS FOR LIABILITIES

88

314

NET ASSETS

82,872

57,637

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

82,871

57,636

SHAREHOLDERS' FUNDS

82,872

57,637

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 15 February 2019 and were signed on its behalf by:

J D Pickup - Director

I R Pickup - Director

1.	STATUTORY INFORMATION

Reynolds Blinds (Oxford) Limited is a private company, limited by shares, registered in England and Wales. The

company's registered number is 07280785, and its registered office address is 19-25 Melchett Road, Kings

Norton, Birmingham, West Midlands, B30 3HG.

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax arising from the sale

and supply of goods and services. Income is recognised on despatch of goods or on delivery of a service.

Tangible fixed assets

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

Land and buildings

-

20% on cost

Plant and machinery etc

-

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.

Cost is defined as the initial purchase price of raw materials, including handling costs and delivery, together

with directs costs of production - labour and consumables, together with an estimated overhead allocation to

the labour costs incurred.

Net realisable value is the estimated proceeds from the sale of items of stock, less all further costs to be

incurred in marketing, selling and distributing the items in question.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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

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.

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 4 (2017 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 October 2017

and 30 September 2018

7,576

20,418

27,994

DEPRECIATION

At 1 October 2017

7,576

13,643

21,219

Charge for year

-

3,483

3,483

At 30 September 2018

7,576

17,126

24,702

NET BOOK VALUE

At 30 September 2018

-

3,292

3,292

At 30 September 2017

-

6,775

6,775

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

34,614

31,626

Other debtors

6,840

7,020

41,454

38,646

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

32,457

39,894

Amounts owed to group undertakings

58,492

46,824

Taxation and social security

43,242

35,073

Other creditors

3,900

3,900

138,091

125,691

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2018

2017

£

£

Within one year

15,000

15,000

Between one and five years

60,000

60,000

In more than five years

84,375

98,750

159,375

173,750

8.	ULTIMATE CONTROLLING PARTY

The company is a subsidiary under the control of its parent undertaking Blind Rage Limited, whose registered

office is 19-25 Melchett Road, Kings Norton, Birmingham, B30 3HG.