Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 08293172 Mr D L Cheeseman Mr R Beazeley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08293172 2023-12-31 08293172 2024-12-31 08293172 2024-01-01 2024-12-31 08293172 frs-core:Non-currentFinancialInstruments 2024-12-31 08293172 frs-core:FurnitureFittings 2024-01-01 2024-12-31 08293172 frs-core:MotorVehicles 2024-01-01 2024-12-31 08293172 frs-core:PlantMachinery 2024-01-01 2024-12-31 08293172 frs-core:ShareCapital 2024-12-31 08293172 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08293172 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08293172 frs-bus:AbridgedAccounts 2024-01-01 2024-12-31 08293172 frs-bus:SmallEntities 2024-01-01 2024-12-31 08293172 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08293172 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08293172 frs-bus:Director1 2024-01-01 2024-12-31 08293172 frs-bus:Director1 2023-12-31 08293172 frs-bus:Director1 2024-12-31 08293172 frs-bus:Director2 2024-01-01 2024-12-31 08293172 frs-bus:Director2 2023-12-31 08293172 frs-bus:Director2 2024-12-31 08293172 frs-countries:EnglandWales 2024-01-01 2024-12-31 08293172 2022-12-31 08293172 2023-12-31 08293172 2023-01-01 2023-12-31 08293172 frs-core:Non-currentFinancialInstruments 2023-12-31 08293172 frs-core:ShareCapital 2023-12-31 08293172 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08293172
Verdi Home Improvements Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 08293172
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 49,274 46,950
49,274 46,950
CURRENT ASSETS
Stocks 630,383 661,727
Debtors 34,451 20,225
Cash at bank and in hand 217,639 1,947
882,473 683,899
Creditors: Amounts Falling Due Within One Year (767,982 ) (585,389 )
NET CURRENT ASSETS (LIABILITIES) 114,491 98,510
TOTAL ASSETS LESS CURRENT LIABILITIES 163,765 145,460
Creditors: Amounts Falling Due After More Than One Year (86,755 ) (70,833 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,308 ) (8,308 )
NET ASSETS 68,702 66,319
CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and Loss Account 68,602 66,219
SHAREHOLDERS' FUNDS 68,702 66,319
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Page 2
For the year ending 31 December 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr D L Cheeseman
Director
Mr R Beazeley
Director
4 April 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Verdi Home Improvements Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08293172 . The registered office is 9a Leicester Road, Blaby, Leicester, LE8 4GR.
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 from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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:
Plant & Machinery 20% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income 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.
2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 21 (2023: 17)
21 17
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4. Tangible Assets
Total
£
Cost
As at 1 January 2024 130,255
Additions 16,890
As at 31 December 2024 147,145
Depreciation
As at 1 January 2024 83,305
Provided during the period 14,566
As at 31 December 2024 97,871
Net Book Value
As at 31 December 2024 49,274
As at 1 January 2024 46,950
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
6. Directors Advances, Credits and Guarantees
During the year the directors entered into the following advances and credits with the company: 
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Damien Cheeseman (10,460 ) 18,249 - - 7,789
Mr Ryan Beazeley (10,197 ) 18,532 - - 8,335
 The above loan to the director is interest free and repayable on demand.
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