Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 January 2024 31 January 2024 SC358594 Mr Fergus Macdonald Mrs Emma Macdonald iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC358594 2022-12-31 SC358594 2024-01-31 SC358594 2023-01-01 2024-01-31 SC358594 frs-core:CurrentFinancialInstruments 2024-01-31 SC358594 frs-core:Non-currentFinancialInstruments 2024-01-31 SC358594 frs-core:ComputerEquipment 2024-01-31 SC358594 frs-core:ComputerEquipment 2023-01-01 2024-01-31 SC358594 frs-core:ComputerEquipment 2022-12-31 SC358594 frs-core:FurnitureFittings 2024-01-31 SC358594 frs-core:FurnitureFittings 2023-01-01 2024-01-31 SC358594 frs-core:FurnitureFittings 2022-12-31 SC358594 frs-core:NetGoodwill 2024-01-31 SC358594 frs-core:NetGoodwill 2023-01-01 2024-01-31 SC358594 frs-core:NetGoodwill 2022-12-31 SC358594 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 SC358594 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2024-01-31 SC358594 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 SC358594 frs-core:PlantMachinery 2024-01-31 SC358594 frs-core:PlantMachinery 2023-01-01 2024-01-31 SC358594 frs-core:PlantMachinery 2022-12-31 SC358594 frs-core:RevaluationReserve 2024-01-31 SC358594 frs-core:ShareCapital 2024-01-31 SC358594 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 SC358594 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2024-01-31 SC358594 frs-bus:FilletedAccounts 2023-01-01 2024-01-31 SC358594 frs-bus:SmallEntities 2023-01-01 2024-01-31 SC358594 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2024-01-31 SC358594 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2024-01-31 SC358594 frs-bus:Director1 2023-01-01 2024-01-31 SC358594 frs-bus:Director2 2023-01-01 2024-01-31 SC358594 1 2023-01-01 2024-01-31 SC358594 frs-countries:Scotland 2023-01-01 2024-01-31 SC358594 2021-12-31 SC358594 2022-12-31 SC358594 2022-01-01 2022-12-31 SC358594 frs-core:CurrentFinancialInstruments 2022-12-31 SC358594 frs-core:Non-currentFinancialInstruments 2022-12-31 SC358594 frs-core:RevaluationReserve 2022-12-31 SC358594 frs-core:ShareCapital 2022-12-31 SC358594 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 SC358594 1 2022-01-01 2022-12-31
Registered number: SC358594
The Tartan Blanket Co. Ltd
Unaudited Financial Statements
For the Period 1 January 2023 to 31 January 2024
The Wow Company UK Ltd
3rd Floor, 86-90 Paul Street
London
EC2A 4NE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: SC358594
31 January 2024 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 332,191 346,564
332,191 346,564
CURRENT ASSETS
Stocks 913,056 1,203,903
Debtors 6 1,713,953 1,708,783
Cash at bank and in hand 441,569 1,094,411
3,068,578 4,007,097
Creditors: Amounts Falling Due Within One Year 7 (1,261,092 ) (1,687,079 )
NET CURRENT ASSETS (LIABILITIES) 1,807,486 2,320,018
TOTAL ASSETS LESS CURRENT LIABILITIES 2,139,677 2,666,582
Creditors: Amounts Falling Due After More Than One Year 8 (1,550 ) (67,515 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (13,200 ) (13,200 )
NET ASSETS 2,124,927 2,585,867
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve - 190,000
Profit and Loss Account 2,123,927 2,394,867
SHAREHOLDERS' FUNDS 2,124,927 2,585,867
Page 1
Page 2
For the period ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 Profit and Loss Account.
On behalf of the board
Mrs Emma Macdonald
Director
31 October 2024
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Tartan Blanket Co. Ltd is a private company, limited by shares, incorporated in Scotland, the registered number is SC358594 . The registered office is 170b Great Junction Street, Edinburgh, Scotland, EH6 5LJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is recognised at the point that the customer takes delivery of the goods.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

Goodwill - 10% straight line
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Building 2% on cost
Plant and machinery 20% reducing balance method
Fixtures and fittings 10% on cost
Computer equipment 33% on cost
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets.

Assets acquired under hire purchase contracts are depreciated over their useful lives.

Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company.

Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell.
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2.7. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment. 
2.8. Foreign Currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.9. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. 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.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years 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.
Deferred tax 
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Deferred tax is only adjusted if the change in the timing difference is material.
2.10. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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2.11. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.12. Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.
3. Average Number of Employees
31 January 2024 31 December 2022
Average number of employees, including directors, during the year 50 47
50 47
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 83,333
Disposals (83,333)
As at 31 January 2024 -
Amortisation
As at 1 January 2023 83,333
Disposals (83,333)
As at 31 January 2024 -
Net Book Value
As at 31 January 2024 -
As at 1 January 2023 -
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5. Tangible Assets
Land & Property
Building Plant and machinery Fixtures and fittings Computer equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 325,493 86,677 38,161 93,877 544,208
Additions - - - 30,477 30,477
As at 31 January 2024 325,493 86,677 38,161 124,354 574,685
Depreciation
As at 1 January 2023 52,080 58,162 23,587 63,815 197,644
Provided during the period 7,052 6,083 3,337 28,378 44,850
As at 31 January 2024 59,132 64,245 26,924 92,193 242,494
Net Book Value
As at 31 January 2024 266,361 22,432 11,237 32,161 332,191
As at 1 January 2023 273,413 28,515 14,574 30,062 346,564
6. Debtors
31 January 2024 31 December 2022
£ £
Due within one year
Trade debtors 71,648 85,476
Other debtors 217,886 439,602
289,534 525,078
Due after more than one year
Amounts owed by group undertakings 1,424,419 1,183,705
1,713,953 1,708,783
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7. Creditors: Amounts Falling Due Within One Year
31 January 2024 31 December 2022
£ £
Trade creditors 356,584 582,732
Bank loans and overdrafts 424,012 496,613
Other creditors 168,671 236,522
Taxation and social security 311,825 371,212
1,261,092 1,687,079
8. Creditors: Amounts Falling Due After More Than One Year
31 January 2024 31 December 2022
£ £
Other creditors 1,550 67,515
9. Related Party Transactions
Amount owed by the parent company at the year end was £1,424,419 (2022: £1,183,705).
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