REGISTERED NUMBER: 05350693 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2018

FOR

ABBEY BLINDS (NW) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A D Parker

M Parker

REGISTERED OFFICE:

2 Hilliards Court

Chester Business Park

Chester

Cheshire

CH4 9PX

REGISTERED NUMBER:

05350693 (England and Wales)

ACCOUNTANTS:

McLintocks Partnership Limited

Chartered Accountants

2 Hilliards Court

Chester Business Park

Chester

Cheshire

CH4 9PX

FIXED ASSETS

Intangible assets

4

23,000

23,000

Tangible assets

5

10,600

8,873

33,600

31,873

CURRENT ASSETS

Stocks

18,817

20,907

Debtors

6

31,002

30,004

Cash at bank and in hand

13,294

41,631

63,113

92,542

CREDITORS

Amounts falling due within one year

7

57,941

66,728

NET CURRENT ASSETS

5,172

25,814

TOTAL ASSETS LESS CURRENT LIABILITIES

38,772

57,687

PROVISIONS FOR LIABILITIES

1,915

1,775

NET ASSETS

36,857

55,912

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

36,757

55,812

SHAREHOLDERS' FUNDS

36,857

55,912

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 17 October 2018 and were signed on its behalf by:

M Parker - Director

1.	STATUTORY INFORMATION

Abbey Blinds (NW) 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment

losses.

The website is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after

making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and

handling costs in bringing stocks to their present location and condition.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2017 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 February 2017

and 31 January 2018

70,000

23,000

93,000

AMORTISATION

At 1 February 2017

and 31 January 2018

70,000

-

70,000

NET BOOK VALUE

At 31 January 2018

-

23,000

23,000

At 31 January 2017

-

23,000

23,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 February 2017

26,734

4,428

-

10,353

41,515

Additions

96

-

4,434

-

4,530

At 31 January 2018

26,830

4,428

4,434

10,353

46,045

DEPRECIATION

At 1 February 2017

22,334

3,442

-

6,866

32,642

Charge for year

674

148

1,109

872

2,803

At 31 January 2018

23,008

3,590

1,109

7,738

35,445

NET BOOK VALUE

At 31 January 2018

3,822

838

3,325

2,615

10,600

At 31 January 2017

4,400

986

-

3,487

8,873

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

23,122

19,537

Other debtors

7,880

10,467

31,002

30,004

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

14,412

17,616

Taxation and social security

12,772

14,673

Other creditors

30,757

34,439

57,941

66,728

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2018

2017

£

£

Within one year

6,177

3,044

Between one and five years

6,177

-

12,354

3,044

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year rent has been paid to the director Mr AD Parker amounting to £8,500 (2017:

£9,214).

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £8,780 were paid to the directors .