Sheraton Blinds Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 01318101 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2022

for

Sheraton Blinds Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs H E Lowe

J Lowe

SECRETARY:

A Hughes

REGISTERED OFFICE:

Censeo House

6 St. Peters Street

St. Albans

Hertfordshire

AL1 3LF

REGISTERED NUMBER:

01318101 (England and Wales)

ACCOUNTANTS:

Webb Teasdale Accountancy Ltd

Boston House

Grove Business Park

Downsview Road

Wantage

Oxfordshire

OX12 9FF

CURRENT ASSETS

Stocks

33,815

33,833

Debtors

4

126,677

154,603

Cash at bank and in hand

46,846

57,907

207,338

246,343

CREDITORS

Amounts falling due within one year

5

24,901

7,159

NET CURRENT ASSETS

182,437

239,184

TOTAL ASSETS LESS CURRENT LIABILITIES

182,437

239,184

CAPITAL AND RESERVES

Called up share capital

2,000

2,000

Retained earnings

180,437

237,184

SHAREHOLDERS' FUNDS

182,437

239,184

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 19 July 2023 and were signed on its behalf by:

J Lowe - Director

1.	STATUTORY INFORMATION

Sheraton Blinds Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

88,223

3,392

Amounts receivable in respect of finance leases

8,639

95,852

Other debtors

29,815

55,359

126,677

154,603

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

1

1

Trade creditors

4,927

6,558

Taxation and social security

9,223

-

Other creditors

10,750

600

24,901

7,159

6.	RELATED PARTY DISCLOSURES

The director's of Sheraton Blinds Limited provide management support and loan facilities to other entities that they have a material interest in.

Amounts owed by related companies as at 31st October 2022 were as follows:

Sheraton Blinds Holdings Limited - £8,980 ( 2021 - £7,208)

Sheraton Property Limited - £41,719 (2021 - £98,852)

Hughes Estates - £57,487 (2021 - £32565)

Myrtle Studios Limited - £16,747 (2021 - £5,723)

DRH Grandchildren's Trust - £792 (2021 - £5198)

DRH Children's Trust - £901 (2021 - £4,562)