Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01trueNo description of principal activity413falsetruefalse SC340793 2023-01-01 2023-12-31 SC340793 2021-09-01 2022-12-31 SC340793 2023-12-31 SC340793 2022-12-31 SC340793 2021-09-01 SC340793 c:Director1 2023-01-01 2023-12-31 SC340793 c:Director2 2023-01-01 2023-12-31 SC340793 c:Director3 2023-01-01 2023-12-31 SC340793 c:Director4 2023-01-01 2023-12-31 SC340793 c:RegisteredOffice 2023-01-01 2023-12-31 SC340793 d:MotorVehicles 2023-01-01 2023-12-31 SC340793 d:MotorVehicles 2023-12-31 SC340793 d:MotorVehicles 2022-12-31 SC340793 d:Goodwill 2023-01-01 2023-12-31 SC340793 d:Goodwill 2023-12-31 SC340793 d:Goodwill 2022-12-31 SC340793 d:CurrentFinancialInstruments 2023-12-31 SC340793 d:CurrentFinancialInstruments 2022-12-31 SC340793 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 SC340793 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 SC340793 d:ShareCapital 2023-12-31 SC340793 d:ShareCapital 2022-12-31 SC340793 d:ShareCapital 2021-09-01 SC340793 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 SC340793 d:RetainedEarningsAccumulatedLosses 2023-12-31 SC340793 d:RetainedEarningsAccumulatedLosses 2021-09-01 2022-12-31 SC340793 d:RetainedEarningsAccumulatedLosses 2022-12-31 SC340793 d:RetainedEarningsAccumulatedLosses 2021-09-01 SC340793 c:OrdinaryShareClass1 2023-01-01 2023-12-31 SC340793 c:OrdinaryShareClass1 2023-12-31 SC340793 c:OrdinaryShareClass1 2022-12-31 SC340793 c:EntityNoLongerTradingButTradedInPast 2023-01-01 2023-12-31 SC340793 c:FRS102 2023-01-01 2023-12-31 SC340793 c:Audited 2023-01-01 2023-12-31 SC340793 c:FullAccounts 2023-01-01 2023-12-31 SC340793 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC340793 d:WithinOneYear 2023-12-31 SC340793 d:WithinOneYear 2022-12-31 SC340793 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 SC340793 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC340793










VBS CENTURION BLINDS LTD

FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 
VBS CENTURION BLINDS LTD
 

COMPANY INFORMATION


Directors
Mr A Blaney 
Mrs M Blaney 
Mr C Blaney 
Mr L Blaney 




Registered number
SC340793



Registered office
Unit 10
Craig Leith Road

Stirling

FK7 7GN




Independent auditors
Sumer Auditco Limited
Chartered Accountants & Statutory Auditors

14 City Quay

Dundee

DD1 3JA





 
VBS CENTURION BLINDS LTD
REGISTERED NUMBER: SC340793

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
£
£

Fixed assets
  

Intangible fixed assets
  
-
667

Tangible fixed assets
  
-
5,624

  
-
6,291

Current assets
  

Debtors: amounts falling due within one year
 5 
2
1,268,829

Bank and cash balances
  
-
91,228

  
2
1,360,057

Creditors: amounts falling due within one year
 6 
-
(68,239)

Net current assets
  
 
 
2
 
 
1,291,818

Total assets less current liabilities
  
2
1,298,109

Provisions for liabilities
  

Deferred tax
  
-
(181)

  
 
 
-
 
 
(181)

Net assets
  
2
1,297,928


Capital and reserves
  

Called up share capital 
 7 
2
2

Profit and loss account
  
-
1,297,926

  
2
1,297,928


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 September 2024.




Mr L Blaney
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 1

 
VBS CENTURION BLINDS LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 September 2021
2
1,309,137
1,309,139


Comprehensive income for the period

Loss for the period
-
(11,211)
(11,211)



At 1 January 2023
2
1,297,926
1,297,928

Group reconstruction transfer
-
(1,297,926)
(1,297,926)


At 31 December 2023
2
-
2


The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
VBS CENTURION BLINDS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

VBS Centurion Blinds Ltd is a private company limited by shares domiciled in Scotland with registration number SC340793. The registered office is Unit 10, Craig Leith Road, Stirling, Scotland, FK7 7GN.
The Company's functional and presentational currency is GBP. 
On 31 December 2023 the entire trade of VBS Centurion Blinds Ltd was transferred to its sister company Rainbow Blinds and Fabrics Limited. Merger accounting has been used to account for this group reconstruction and consequently the Company shows no trading for the year to 31 December 2023 and the Statement of Financial Position shows only the remaining share capital and an intercompany balance as at 31 December 2023. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
VBS CENTURION BLINDS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.5

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Comprehensive Income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 4

 
VBS CENTURION BLINDS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, and is provided on the following basis:.


Motor vehicles
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.


3.


Intangible assets




Goodwill

£





At 1 January 2023
15,000


Intra-group transfers
(15,000)



At 31 December 2023

-





At 1 January 2023
14,333


On disposals
(14,333)



At 31 December 2023

-



Net book value



At 31 December 2023
-



At 31 December 2022
667



Page 5

 
VBS CENTURION BLINDS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Motor vehicles

£





At 1 January 2023
15,000


Transfers intra group
(15,000)



At 31 December 2023

-





At 1 January 2023
9,376


Transfers intra group
(9,376)



At 31 December 2023

-



Net book value



At 31 December 2023
-



At 31 December 2022
5,624


5.


Debtors

2023
2022
£
£


Trade debtors
-
97,799

Amounts owed by group undertakings
2
1,171,030

2
1,268,829



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
23,796

Amounts owed to group undertakings
-
2,380

Other taxation and social security
-
34,278

Other creditors
-
7,785

-
68,239


Group borrowing is secured by an inter-company guarantee and a bond and floating charge over the assets of the company.

Page 6

 
VBS CENTURION BLINDS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares of £1.00 each
2
2



8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £nil (2022 - £5,966). There were no amounts (2022 - nil) due to be paid to the fund at the balance sheet date.


9.


Commitments under operating leases

At 31 December 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
-
175

-
175


10.


Related party transactions

The Company has taken advantage of the exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the Group..


11.


Controlling party

The immediate parent company is GC Group Limited, a company registered in Scotland. 
The ultimate parent undertaking is Crest Properties (Scotland) Ltd, a company registered in Scotland, with a registered office of 8 Pendreich Road, Bridge of Allan, Stirling, Stirlingshire, FK9 4LY.
Crest Properties (Scotland) Ltd is the parent undertaking of the smallest and largest group of undertakings to consolidate these financial statements at 31 December 2023. The results of VBS Centurion Blinds Ltd are included within the consolidated financial statements of Crest Properties (Scotland) Ltd.


12.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 24 September 2024 by Douglas Rae (Senior Statutory Auditor) on behalf of Sumer Auditco Limited.


Page 7