A & J Blinds Limited

Contents
	Page
Statement of Financial Position	1
Notes to the Financial Statements	2—3

Registered number: 06976245

		2018		2017
	Notes	£	£	£	£
Creditors: Amounts Falling Due Within One Year	3	(88,245 )		(90,450 )

NET CURRENT ASSETS (LIABILITIES)			(88,245 )		(90,450 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(88,245 )		(90,450 )

NET ASSETS			(88,245 )		(90,450 )

CAPITAL AND RESERVES
Called up share capital	4		2		2
Income Statement			(88,247 )		(90,452 )

SHAREHOLDERS' FUNDS			(88,245)		(90,450)

For the year ending 31 July 2018 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mrs Jackie Midgall

24/04/2019

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

1.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover form the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

1.3. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2018	2017
Office and administration	3	4

	3	4

3. Creditors: Amounts Falling Due Within One Year

	2018	2017
	£	£
Bank loans and overdrafts	333	646
Other taxes and social security	-	912
Accruals and deferred income	3,181	3,595
Directors' loan accounts	84,731	85,297

	88,245	90,450

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A & J Blinds Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2018

4. Share Capital

	2018		2017
Allotted, Called up and fully paid	2		2

5. General Information

A & J Blinds Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06976245. The registered office is Unit 28 Westminster Industrial Park, Rossfield Road, Ellesmere Port, CH65 3DU.

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