Sandridge (Blinds & Curtains) Limited Filleted accounts for Companies House (small and micro)

SANDRIDGE (BLINDS & CURTAINS) LIMITED - Company Information

19 false false false false false false false false false true false false false false true true No description of principal activity 2020-01-01 Sage Accounts Production Advanced 2020 - FRS102_2019 xbrli:pure xbrli:shares iso4217:GBP 1401603 2020-01-01 2020-12-31 1401603 2020-12-31 1401603 2019-12-31 1401603 2019-01-01 2019-12-31 1401603 2019-12-31 1401603 core:PlantMachinery 2020-01-01 2020-12-31 1401603 core:FurnitureFittings 2020-01-01 2020-12-31 1401603 core:MotorVehicles 2020-01-01 2020-12-31 1401603 bus:OrdinaryShareClass1 2020-01-01 2020-12-31 1401603 bus:Director1 2020-01-01 2020-12-31 1401603 core:WithinOneYear 2020-12-31 1401603 core:WithinOneYear 2019-12-31 1401603 core:PlantMachinery 2019-12-31 1401603 core:FurnitureFittings 2019-12-31 1401603 core:MotorVehicles 2019-12-31 1401603 core:PlantMachinery 2020-12-31 1401603 core:FurnitureFittings 2020-12-31 1401603 core:MotorVehicles 2020-12-31 1401603 core:UKTax 2020-01-01 2020-12-31 1401603 core:UKTax 2019-01-01 2019-12-31 1401603 core:ShareCapital 2020-12-31 1401603 core:ShareCapital 2019-12-31 1401603 core:OtherReservesSubtotal 2020-12-31 1401603 core:OtherReservesSubtotal 2019-12-31 1401603 core:RetainedEarningsAccumulatedLosses 2020-12-31 1401603 core:RetainedEarningsAccumulatedLosses 2019-12-31 1401603 core:PlantMachinery 2019-12-31 1401603 core:FurnitureFittings 2019-12-31 1401603 core:MotorVehicles 2019-12-31 1401603 bus:Director2 2020-01-01 2020-12-31 1401603 bus:SmallEntities 2020-01-01 2020-12-31 1401603 bus:AuditExempt-NoAccountantsReport 2020-01-01 2020-12-31 1401603 bus:FullAccounts 2020-01-01 2020-12-31 1401603 bus:SmallCompaniesRegimeForAccounts 2020-01-01 2020-12-31 1401603 bus:PrivateLimitedCompanyLtd 2020-01-01 2020-12-31 1401603 bus:OrdinaryShareClass1 2020-12-31 1401603 bus:OrdinaryShareClass1 2019-12-31

COMPANY REGISTRATION NUMBER: 1401603

Sandridge (Blinds & Curtains) Limited

Filleted Unaudited Financial Statements

31 December 2020

Sandridge (Blinds & Curtains) Limited

Statement of Financial Position

31 December 2020

	2020		2019
Note	£	£	£	£

Fixed assets

Tangible assets	6		31,933		37,230

Current assets

Stocks		96,032	70,686
Debtors	7	43,538	53,660
Cash at bank and in hand		236,702	111,053
		---------	---------
		376,272	235,399

Creditors: amounts falling due within one year	8	152,751		85,659
		---------		---------
Net current assets			223,521		149,740
			---------		---------
Total assets less current liabilities			255,454		186,970

Provisions

Taxation including deferred tax	6,067	7,074
	---------	---------
Net assets	249,387	179,896
	---------	---------

Capital and reserves

Called up share capital	9	100	100
Special reserve		100,000	100,000
Profit and loss account		149,287	79,796
		---------	---------
Shareholders funds		249,387	179,896
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Sandridge (Blinds & Curtains) Limited

Statement of Financial Position (continued)

31 December 2020

These financial statements were approved by the board of directors and authorised for issue on 19 March 2021 , and are signed on behalf of the board by:

Mr D Hoyle - Director

Company registration number: 1401603

Sandridge (Blinds & Curtains) Limited

Notes to the Financial Statements

Year ended 31 December 2020

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 291 National Avenue, Hull, East Yorkshire, HU5 4JB.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less, or to receive more tax.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	15% reducing balance
Fixtures and fittings	-	15% reducing balance
Motor vehicles	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 19 (2019: 17 ).

5. Tax on profit

Major components of tax expense

	2020	2019
	£	£

Current tax:

UK current tax expense	31,381	19,906

Deferred tax:

Origination and reversal of timing differences	( 1,007)	( 1,398)
	--------	--------
Tax on profit	30,374	18,508
	--------	--------

6. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 January 2020	85,841	99,450	44,612	229,903
Additions	625	2,315	–	2,940
Disposals	( 430)	( 6,940)	–	( 7,370)
	--------	--------	--------	---------
At 31 December 2020	86,036	94,825	44,612	225,473
	--------	--------	--------	---------
Depreciation
At 1 January 2020	79,030	88,946	24,697	192,673
Charge for the year	1,115	1,725	4,978	7,818
Disposals	( 404)	( 6,547)	–	( 6,951)
	--------	--------	--------	---------
At 31 December 2020	79,741	84,124	29,675	193,540
	--------	--------	--------	---------
Carrying amount
At 31 December 2020	6,295	10,701	14,937	31,933
	--------	--------	--------	---------
At 31 December 2019	6,811	10,504	19,915	37,230
	--------	--------	--------	---------

7. Debtors

	2020	2019
	£	£
Trade debtors	32,073	33,947
Prepayments and accrued income	8,898	16,746
Other debtors	2,567	2,967
	--------	--------
	43,538	53,660
	--------	--------

8. Creditors: amounts falling due within one year

	2020	2019
	£	£
Bank loans and overdrafts	50,000	–
Trade creditors	39,393	28,747
Accruals and deferred income	3,032	4,460
Corporation tax	31,381	19,904
Social security and other taxes	28,206	31,808
Other creditors	739	740
	---------	--------
	152,751	85,659
	---------	--------

9. Called up share capital

Issued, called up and fully paid

	2020		2019
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

10. Controlling party

The company's immediate and ultimate parent company is D&H Holdings Limited, a company incorporated in England. During the current and previous year, the company was under the control of Mr D Hoyle.