REGISTERED NUMBER: 04738013 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2018

FOR

A & K BLINDS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs L McMaster

SECRETARY:

S Jones

REGISTERED OFFICE:

Verdemar House

230 Park View

Whitley Bay

Tyne and Wear

NE26 3QR

REGISTERED NUMBER:

04738013 (England and Wales)

ACCOUNTANTS:

T O'Sullivan Limited

Verdemar House

230 Park View

Whitley Bay

Tyne and Wear

NE26 3QR

FIXED ASSETS

Tangible assets

4

12,656

10,499

CURRENT ASSETS

Stocks

11,250

10,680

Debtors

8,879

16,304

Cash at bank and in hand

377,472

368,354

397,601

395,338

CREDITORS

Amounts falling due within one year

33,852

47,944

NET CURRENT ASSETS

363,749

347,394

TOTAL ASSETS LESS CURRENT LIABILITIES

376,405

357,893

PROVISIONS FOR LIABILITIES

5

2,405

1,995

NET ASSETS

374,000

355,898

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

373,900

355,798

SHAREHOLDERS' FUNDS

374,000

355,898

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 31 January 2019 and were signed by:

Mrs L McMaster - Director

1.	STATUTORY INFORMATION

A & K 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 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.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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 Profit and Loss Account,

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.

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 7 (2017 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2017

57,737

Additions

9,900

Disposals

(14,600

)

At 30 April 2018

53,037

DEPRECIATION

At 1 May 2017

47,238

Charge for year

4,343

Eliminated on disposal

(11,200

)

At 30 April 2018

40,381

NET BOOK VALUE

At 30 April 2018

12,656

At 30 April 2017

10,499

5.	PROVISIONS FOR LIABILITIES

2018

2017

£

£

Deferred tax

2,405

1,995

Deferred

tax

£

Balance at 1 May 2017

1,995

Provided during year

410

Balance at 30 April 2018

2,405

6.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

Share capital 1

1

100

100