Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-31falsetrue22024-01-01falseNo description of principal activity2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13714980 2024-01-01 2024-12-31 13714980 2023-01-01 2023-12-31 13714980 2024-12-31 13714980 2023-12-31 13714980 c:Director1 2024-01-01 2024-12-31 13714980 c:Director2 2024-01-01 2024-12-31 13714980 d:PlantMachinery 2024-01-01 2024-12-31 13714980 d:PlantMachinery 2024-12-31 13714980 d:PlantMachinery 2023-12-31 13714980 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 13714980 d:MotorVehicles 2024-01-01 2024-12-31 13714980 d:MotorVehicles 2024-12-31 13714980 d:MotorVehicles 2023-12-31 13714980 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 13714980 d:ComputerEquipment 2024-01-01 2024-12-31 13714980 d:ComputerEquipment 2024-12-31 13714980 d:ComputerEquipment 2023-12-31 13714980 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 13714980 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 13714980 d:CurrentFinancialInstruments 2024-12-31 13714980 d:CurrentFinancialInstruments 2023-12-31 13714980 d:Non-currentFinancialInstruments 2024-12-31 13714980 d:Non-currentFinancialInstruments 2023-12-31 13714980 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 13714980 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13714980 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 13714980 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 13714980 d:ShareCapital 2024-12-31 13714980 d:ShareCapital 2023-12-31 13714980 d:RetainedEarningsAccumulatedLosses 2024-12-31 13714980 d:RetainedEarningsAccumulatedLosses 2023-12-31 13714980 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-12-31 13714980 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-12-31 13714980 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 13714980 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 13714980 c:OrdinaryShareClass1 2024-01-01 2024-12-31 13714980 c:OrdinaryShareClass1 2024-12-31 13714980 c:OrdinaryShareClass1 2023-12-31 13714980 c:OrdinaryShareClass2 2024-01-01 2024-12-31 13714980 c:OrdinaryShareClass2 2024-12-31 13714980 c:OrdinaryShareClass2 2023-12-31 13714980 c:FRS102 2024-01-01 2024-12-31 13714980 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13714980 c:FullAccounts 2024-01-01 2024-12-31 13714980 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13714980 d:HirePurchaseContracts d:WithinOneYear 2024-12-31 13714980 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 13714980 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-12-31 13714980 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 13714980 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13714980










KD SHUTTERS & BLINDS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024



 
KD SHUTTERS & BLINDS LIMITED
REGISTERED NUMBER: 13714980

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
12,386
16,260

Current assets
  

Stocks
 5 
100
100

Debtors: amounts falling due within one year
 6 
12,837
13,966

Cash at bank and in hand
 7 
20,709
16,538

  
33,646
30,604

Creditors: amounts falling due within one year
 8 
(29,575)
(35,952)

Net current assets/(liabilities)
  
 
 
4,071
 
 
(5,348)

Total assets less current liabilities
  
16,457
10,912

Creditors: amounts falling due after more than one year
  
-
(6,450)

Provisions for liabilities
  

Deferred tax
 12 
(2,353)
(3,089)

  
 
 
(2,353)
 
 
(3,089)

Net assets
  
14,104
1,373


Capital and reserves
  

Called up share capital 
 13 
200
200

Profit and loss account
  
13,904
1,173

  
14,104
1,373


Page 1

 
KD SHUTTERS & BLINDS LIMITED
REGISTERED NUMBER: 13714980

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 income and retained earnings 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 by: 




N Stack
M-L Stack
Director
Director


Date: 31 March 2025
Date:31 March 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
KD SHUTTERS & BLINDS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.Accounting policies

 
1.1

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and 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.

The following principal accounting policies have been applied:

 
1.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Sale of goods

Revenue 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 revenue 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.

 
1.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
1.4

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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
KD SHUTTERS & BLINDS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.Accounting policies (continued)

 
1.5

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 balance sheet 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 balance sheet 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 balance sheet date.


 
1.6

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, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
15%
reducing balance
Motor vehicles
-
25%
reducing balance
Computer equipment
-
33%
straight line basis

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.

Page 4

 
KD SHUTTERS & BLINDS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.Accounting policies (continued)

 
1.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
1.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
1.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
1.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for
Page 5

 
KD SHUTTERS & BLINDS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.Accounting policies (continued)


1.12
Financial instruments (continued)

impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
1.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


2.


General information

KD Shutters & Blinds Limited is a limited company incorporated in England and Wales. The Company's
registered office is at The Stables, Little Coldharbour Farm, Tong Lane, Lamberhurst, Tunbridge Wells,
Kent, TN3 8AD. 


3.


Employees



The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Directors
2
2

Page 6

 
KD SHUTTERS & BLINDS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2024
4,063
22,220
899
27,182



At 31 December 2024

4,063
22,220
899
27,182



Depreciation


At 1 January 2024
497
10,069
356
10,922


Charge for the year on owned assets
536
3,038
300
3,874



At 31 December 2024

1,033
13,107
656
14,796



Net book value



At 31 December 2024
3,030
9,113
243
12,386



At 31 December 2023
3,566
12,151
543
16,260


5.


Stocks

2024
2023
£
£

Raw materials and consumables
100
100



6.


Debtors

2024
2023
£
£


Prepayments and accrued income
12,837
13,966



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
20,709
16,538


Page 7

 
KD SHUTTERS & BLINDS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,630
1,688

Taxation and social security
6,345
2,140

Hire purchase
6,450
5,896

Other creditors
14,150
26,228

29,575
35,952



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
-
6,450



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
6,450
5,896

Between 1-5 years
-
6,450

6,450
12,346


11.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
20,709
16,539




Financial assets measured at fair value through profit or loss comprise cash held.

Page 8

 
KD SHUTTERS & BLINDS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

12.


Deferred taxation




2024


£






At beginning of year
(3,089)


Charged to profit or loss
736



At end of year
(2,353)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(2,353)
(3,089)


13.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary A shares of £1.00 each
100
100
100 (2023 - 100) Ordinary B shares of £1.00 each
100
100

200

200



14.


Pension commitments

During the year employer pension contributions of £0 (2023 - £1000) were paid into the pension scheme for the directors.  There were no monies owed to the scheme at the Balance Sheet date.


Page 9