Company Registration No. 06058421 (England and Wales)
Beverleyblinds Ltd
Unaudited accounts
for the year ended 30 June 2022
Beverleyblinds Ltd
Unaudited accounts
Contents
Beverleyblinds Ltd
Company Information
for the year ended 30 June 2022
Company Number
06058421 (England and Wales)
Registered Office
Unit 2 Brindley Road
Bayton Road Industrial Estate
Coventry
CV7 9EP
United Kingdom
Accountants
Pink Diamond Accountants Ltd
Union House
111 New Union Street
Coventry
West Midlands
CV1 2NT
Beverleyblinds Ltd
Statement of financial position
as at 30 June 2022
Tangible assets
6,943
16,737
Cash at bank and in hand
47,105
77,429
Creditors: amounts falling due within one year
(88,931)
(130,224)
Net current assets
25,486
13,698
Total assets less current liabilities
32,429
30,435
Creditors: amounts falling due after more than one year
(28,350)
(38,262)
Net assets/(liabilities)
4,079
(7,827)
Called up share capital
1
1
Profit and loss account
4,078
(7,828)
Shareholders' funds
4,079
(7,827)
For the year ending 30 June 2022 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 12 December 2022 and were signed on its behalf by
Mr J Beverley
Director
Company Registration No. 06058421
Beverleyblinds Ltd
Notes to the Accounts
for the year ended 30 June 2022
Beverleyblinds Ltd is a private company, limited by shares, registered in England and Wales, registration number 06058421. The registered office is Unit 2 Brindley Road, Bayton Road Industrial Estate, Coventry, CV7 9EP, United Kingdom.
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.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
10% straight line
Fixtures & fittings
25% straight line
Computer equipment
33% Straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Beverleyblinds Ltd
Notes to the Accounts
for the year ended 30 June 2022
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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2021
13,955
73,661
409
88,025
Disposals
(13,955)
-
-
(13,955)
At 30 June 2022
-
78,237
409
78,646
At 1 July 2021
7,328
63,824
136
71,288
Charge for the year
-
7,607
136
7,743
On disposals
(7,328)
-
-
(7,328)
At 30 June 2022
-
71,431
272
71,703
At 30 June 2022
-
6,806
137
6,943
At 30 June 2021
6,627
9,837
273
16,737
Amounts falling due within one year
Deferred tax asset
-
2,326
Accrued income and prepayments
937
1,515
Beverleyblinds Ltd
Notes to the Accounts
for the year ended 30 June 2022
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
10,800
10,800
Trade creditors
61,951
106,847
Taxes and social security
1,787
1,127
Loans from directors
2,000
3,175
7
Creditors: amounts falling due after more than one year
2022
2021
8
Average number of employees
During the year the average number of employees was 10 (2021: 10).
