CONTEX_CURTAINS_&_BLINDS_ - Accounts

CONTEX CURTAINS & BLINDS LIMITED - Company Information

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Company Registration No. 05625534 (England and Wales)

CONTEX CURTAINS & BLINDS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

CONTEX CURTAINS & BLINDS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

CONTEX CURTAINS & BLINDS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

365

406

Current assets

Debtors

47,035

47,084

Cash at bank and in hand

10,658

768

57,693

47,852

Creditors: amounts falling due within one year

(50,093)

(41,878)

Net current assets

7,600

5,974

Total assets less current liabilities

7,965

6,380

Capital and reserves

Called up share capital

1,000

Profit and loss account

6,965

5,380

Shareholders' funds

7,965

6,380

For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 28 November 2016

Mrs SA Battle

Director

Company Registration No. 05625534

CONTEX CURTAINS & BLINDS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

10% reducing balance method

Computer equipment

3 years straight line

Fixed assets

Tangible assets

Cost

At 1 July 2015 & at 30 June 2016

2,023

Depreciation

At 1 July 2015

1,617

Charge for the year

At 30 June 2016

1,658

Net book value

At 30 June 2016

365

At 30 June 2015

406

Share capital

2016

2015

Allotted, called up and fully paid

1,000 Ordinary shares of £1 each

1,000

Related party relationships and transactions

CONTEX CURTAINS & BLINDS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2016

Related party relationships and transactions

(Continued)

- 3 -

F.R. Street Holdings Limited

(Parent)

Mr P.B. Battle, Mr A.W. Street and Mrs S.A. Battle, directors of this company, are also directors of F.R. Street Holdings Limited. The three directors own 100% of the voting rights in the parent company.

During the year the company made payments totalling £Nil (2015 - £4,413) to F.R. Street

Holdings Limited. At the balance sheet date the amount due from F.R. Street Holdings Limited was £46,603 (2015 - £46,603).

F.R. Street Limited

(Associated company)

F.R. Street Holdings Limited also holds 100% of the issued share capital of F.R. Street Limited (company number 00388548), a company incorporated in the United Kingdom.

During the year the company provided a loan to F.R. Street Limited of £53 (2015 - £53).

During the year the company received repayments from F.R. Street Limited of £Nil (2015 - £NIl).

During the year the company was charged £6,000 (2015- £Nil), for management services by F.R Street Limited.

At the balance sheet date the amount due to F.R. Street Limited was £47,279 (2015 - £41,332).