Alpha Blinds Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01442123 (England and Wales)

ALPHA BLINDS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2018

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

T Lewin

M R Lewin

SECRETARY:

M R Lewin

REGISTERED OFFICE:

20 Pillings Road

Oakham

Rutland

LE15 6QF

REGISTERED NUMBER:

01442123 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

26 Park Road

Melton Mowbray

Leicestershire

LE13 1TT

FIXED ASSETS

Property, plant and equipment

4

32,537

31,893

Investment property

5

187,500

187,500

220,037

219,393

CURRENT ASSETS

Inventories

37,456

26,067

Debtors

6

45,986

54,331

Cash at bank and in hand

75,787

78,435

159,229

158,833

CREDITORS

Amounts falling due within one year

7

30,610

69,874

NET CURRENT ASSETS

128,619

88,959

TOTAL ASSETS LESS CURRENT LIABILITIES

348,656

308,352

PROVISIONS FOR LIABILITIES

1,911

1,697

NET ASSETS

346,745

306,655

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Revaluation reserve

9

1,631

1,631

Retained earnings

344,114

304,024

SHAREHOLDERS' FUNDS

346,745

306,655

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 14 August 2018 and were signed on its behalf by:

M R Lewin - Director

1.	STATUTORY INFORMATION

Alpha 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Revenue

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Property, plant and equipment

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2.5% on cost

Plant and machinery etc

-

25% on cost and 20% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes

in fair value is recognised in profit or loss.

Inventories

Inventories are valued at the lower of cost and fair value less costs to complete and sell, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 4 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 6 April 2017

66,521

69,262

135,783

Additions

-

13,459

13,459

Disposals

-

(8,889

)

(8,889

)

At 5 April 2018

66,521

73,832

140,353

DEPRECIATION

At 6 April 2017

46,768

57,122

103,890

Charge for year

1,663

8,930

10,593

Eliminated on disposal

-

(6,667

)

(6,667

)

At 5 April 2018

48,431

59,385

107,816

NET BOOK VALUE

At 5 April 2018

18,090

14,447

32,537

At 5 April 2017

19,753

12,140

31,893

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 6 April 2017

and 5 April 2018

187,500

NET BOOK VALUE

At 5 April 2018

187,500

At 5 April 2017

187,500

Fair value at 5 April 2018 is represented by:

£

Valuation in 2016

1,631

Cost

185,869

187,500

If Investment property had not been revalued it would have been included at the following historical cost:

2018

2017

£

£

Cost

240,612

240,612

Aggregate depreciation

(54,743

)

(54,743

)

The investment property was valued on an open market basis on 5 April 2018 by the directors. The methods

and assumptions used to ascertain the fair value are as follows:

The valuations were prepared on an appropriate yield basis.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

43,076

51,456

Prepayments and accrued income

2,910

2,875

45,986

54,331

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxation

11,236

14,664

Other taxes and social security

16,389

19,256

Directors' current accounts

-

30,000

Accruals and deferred income

2,985

5,954

30,610

69,874

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

1,000

Ordinary

£1

1,000

1,000

9.

RESERVES

Revaluation

reserve

£

At 6 April 2017

and 5 April 2018

1,631

The aggregate surplus on re-measurement of investment properties and freehold properties, net of associated

deferred tax, is transferred to a separate non-distributable revaluation reserve in order to assist with the

identification of profits available for distribution.

10.	RELATED PARTY DISCLOSURES

From time to time the directors provide financing loans to the company as disclosed in creditors (Directors'

current accounts). These loans have interest charged on them at 6.5% per annum, and are repayable on

demand. The balance outstanding at the year end was £NIL (2017: £30,000).