Radiant Blinds Accessories Limited - Limited company accounts 11.7
Radiant Blinds Accessories Limited - Limited company accounts 11.7
| REGISTERED NUMBER: |
| REPORT OF THE DIRECTORS AND |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2014 |
| FOR |
| RADIANT BLINDS ACCESSORIES LIMITED |
| RADIANT BLINDS ACCESSORIES LIMITED (REGISTERED NUMBER: 00547942) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| For The Year Ended 31 DECEMBER 2014 |
| Page |
| Company Information | 1 |
| Report of the Directors | 2 |
| Profit and Loss Account | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 6 |
| RADIANT BLINDS ACCESSORIES LIMITED |
| COMPANY INFORMATION |
| For The Year Ended 31 DECEMBER 2014 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| RADIANT BLINDS ACCESSORIES LIMITED (REGISTERED NUMBER: 00547942) |
| REPORT OF THE DIRECTORS |
| For The Year Ended 31 DECEMBER 2014 |
| The directors present their report with the financial statements of the company for the year ended 31 December 2014. |
| DIRECTORS |
| The directors shown below have held office during the whole of the period from 1 January 2014 to the date of this report. |
| Other changes in directors holding office are as follows: |
| This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to |
| small companies. |
| ON BEHALF OF THE BOARD: |
| RADIANT BLINDS ACCESSORIES LIMITED (REGISTERED NUMBER: 00547942) |
| PROFIT AND LOSS ACCOUNT |
| For The Year Ended 31 DECEMBER 2014 |
| 2014 | 2013 |
| Notes | £ | £ |
| TURNOVER |
| Cost of sales | ( |
) | ( |
) |
| GROSS PROFIT |
| Distribution costs | ( |
) | ( |
) |
| Administrative expenses | ( |
) | ( |
) |
| OPERATING (LOSS)/PROFIT | 2 | ( |
) |
| Profit/loss on sale of intangible fixed assets |
| (33,245 | ) | 24,229 |
| Interest receivable and similar income |
| (33,236 | ) | 24,229 |
| Interest payable and similar charges | ( |
) | ( |
) |
| (LOSS)/PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION |
( |
) |
| Tax on (loss)/profit on ordinary activities | 3 | ( |
) |
| (LOSS)/PROFIT FOR THE FINANCIAL YEAR |
( |
) |
| RADIANT BLINDS ACCESSORIES LIMITED (REGISTERED NUMBER: 00547942) |
| BALANCE SHEET |
| 31 DECEMBER 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Profit and loss account | 10 |
| SHAREHOLDERS' FUNDS |
| 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. |
| RADIANT BLINDS ACCESSORIES LIMITED (REGISTERED NUMBER: 00547942) |
| BALANCE SHEET - continued |
| 31 DECEMBER 2014 |
| The financial statements were approved by the Board of Directors on |
| RADIANT BLINDS ACCESSORIES LIMITED (REGISTERED NUMBER: 00547942) |
| NOTES TO THE FINANCIAL STATEMENTS |
| For The Year Ended 31 DECEMBER 2014 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Goodwill |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period |
| of the lease. |
| 2. | OPERATING (LOSS)/PROFIT |
| The operating loss (2013 - operating profit) is stated after charging/(crediting): |
| 2014 | 2013 |
| £ | £ |
| Depreciation - owned assets |
| (Profit)/loss on disposal of fixed assets | ( |
) |
| Goodwill amortisation |
| Directors' remuneration and other benefits etc |
| RADIANT BLINDS ACCESSORIES LIMITED (REGISTERED NUMBER: 00547942) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Year Ended 31 DECEMBER 2014 |
| 3. | TAXATION |
| Analysis of the tax charge |
| The tax charge on the loss on ordinary activities for the year was as follows: |
| 2014 | 2013 |
| £ | £ |
| Current tax: |
| UK corporation tax |
| Tax on (loss)/profit on ordinary activities |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 January 2014 |
| and 31 December 2014 |
| AMORTISATION |
| At 1 January 2014 |
| and 31 December 2014 |
| NET BOOK VALUE |
| At 31 December 2014 |
| At 31 December 2013 |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2014 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 December 2014 |
| DEPRECIATION |
| At 1 January 2014 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 December 2014 |
| NET BOOK VALUE |
| At 31 December 2014 |
| At 31 December 2013 |
| RADIANT BLINDS ACCESSORIES LIMITED (REGISTERED NUMBER: 00547942) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Year Ended 31 DECEMBER 2014 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2014 | 2013 |
| £ | £ |
| Trade debtors | 89,004 | 155,617 |
| Other debtors | 53,714 | 6,434 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2014 | 2013 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2014 | 2013 |
| £ | £ |
| Bank loans |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary | £1 |
| 10. | RESERVES |
| Profit |
| and loss |
| account |
| £ |
| At 1 January 2014 |
| Deficit for the year | ( |
) |
| Dividends | ( |
) |
| At 31 December 2014 |
| 11. | RELATED PARTY DISCLOSURES |
| Dividends paid to the directors N A Dean,R B Atkinson and I P Atkinson were £28,000(2013:£42,500) |
| RADIANT BLINDS ACCESSORIES LIMITED (REGISTERED NUMBER: 00547942) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Year Ended 31 DECEMBER 2014 |
| 12. | ULTIMATE CONTROLLING PARTY |
| N A Dean,R B Atkinson and I P Atkinson are the controlling parties by virtue of their combined |
| shareholdings. |