| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 OCTOBER 2016 TO 31 MARCH 2018 |
| FOR |
| ABS Blinds Ltd |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 OCTOBER 2016 TO 31 MARCH 2018 |
| FOR |
| ABS Blinds Ltd |
| ABS Blinds Ltd (Registered number: 05074185) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| For The Period 1 October 2016 to 31 March 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Report of the Accountants | 8 |
| ABS Blinds Ltd |
| COMPANY INFORMATION |
| For The Period 1 October 2016 to 31 March 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| The Estate Office |
| Dacliffe Industrial Estate, |
| Appledore Road, Woodchurch |
| Ashford |
| Kent |
| TN26 3TG |
| ABS Blinds Ltd (Registered number: 05074185) |
| BALANCE SHEET |
| 31 March 2018 |
| 2018 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| ABS Blinds Ltd (Registered number: 05074185) |
| BALANCE SHEET - continued |
| 31 March 2018 |
| 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 |
| ABS Blinds Ltd (Registered number: 05074185) |
| NOTES TO THE FINANCIAL STATEMENTS |
| For The Period 1 October 2016 to 31 March 2018 |
| 1. | STATUTORY INFORMATION |
| ABS Blinds Ltd is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A |
| These financial statements for the period ended 31 March 2018 are the first that are prepared in accordance with |
| FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of |
| transition to FRS 102 Section 1A is 1 October 2015. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| 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. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Inventories |
| Inventories have been valued at the lower of cost and estimated selling price less costs to sell. In respect of work |
| in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of |
| manufacture/completion. |
| Taxation |
| Taxation for the period 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. |
| ABS Blinds Ltd (Registered number: 05074185) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Period 1 October 2016 to 31 March 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 period 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 |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
| under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
| are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element |
| of the future payments is treated as a liability. |
| 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 period was |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 October 2016 |
| and 31 March 2018 |
| AMORTISATION |
| At 1 October 2016 |
| and 31 March 2018 |
| NET BOOK VALUE |
| At 31 March 2018 |
| At 30 September 2016 |
| ABS Blinds Ltd (Registered number: 05074185) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Period 1 October 2016 to 31 March 2018 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Motor | Computer |
| machinery | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 October 2016 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) | ( |
) |
| At 31 March 2018 |
| DEPRECIATION |
| At 1 October 2016 |
| Charge for period |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) | ( |
) |
| At 31 March 2018 |
| NET BOOK VALUE |
| At 31 March 2018 |
| At 30 September 2016 |
| Fixed assets, included in the above, which are held under finance leases are as follows: |
| Motor |
| vehicles |
| £ |
| COST |
| At 1 October 2016 |
| Additions |
| At 31 March 2018 |
| DEPRECIATION |
| At 1 October 2016 |
| Charge for period |
| At 31 March 2018 |
| NET BOOK VALUE |
| At 31 March 2018 |
| At 30 September 2016 |
| A incorrect statement of leased vehicle as owned has been corrected from the original financial statements |
| submitted for the year ended 30th September 2016. |
| 6. | STOCKS |
| 2018 | 2016 |
| £ | £ |
| Raw materials |
| ABS Blinds Ltd (Registered number: 05074185) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Period 1 October 2016 to 31 March 2018 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2016 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2016 |
| £ | £ |
| Bank loans and overdrafts (see note 10) |
| Finance leases |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2018 | 2016 |
| £ | £ |
| Bank loans (see note 10) |
| Finance leases |
| 10. | LOANS |
| An analysis of the maturity of loans is given below: |
| 2018 | 2016 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Bank overdrafts |
| Bank loans |
| Amounts falling due between one and two years: |
| Bank loans - 1-2 years |
| Amounts falling due between two and five years: |
| Bank loans - 2-5 years |
| ABS Blinds Ltd |
| REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF |
| ABS BLINDS LTD |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file |
| a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the |
| Report of the Directors are not required to be filed with the Registrar of Companies. |
| As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 31 March 2018 set out on pages nil to nil and you consider that the company is exempt from an audit. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
| The Estate Office |
| Dacliffe Industrial Estate, |
| Appledore Road, Woodchurch |
| Ashford |
| Kent |
| TN26 3TG |