Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 July 2022 false 1 January 2024 31 December 2024 31 December 2024 04459190 Mr S A Browning Mr S P Deane Mr G P Holden Mr T A Walker Blue Sky Designs Group Ltd true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04459190 2023-12-31 04459190 2024-12-31 04459190 2024-01-01 2024-12-31 04459190 frs-core:CurrentFinancialInstruments 2024-12-31 04459190 frs-core:Non-currentFinancialInstruments 2024-12-31 04459190 frs-core:ComputerEquipment 2024-12-31 04459190 frs-core:ComputerEquipment 2024-01-01 2024-12-31 04459190 frs-core:ComputerEquipment 2023-12-31 04459190 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-12-31 04459190 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-01-01 2024-12-31 04459190 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-12-31 04459190 frs-core:FurnitureFittings 2024-12-31 04459190 frs-core:FurnitureFittings 2024-01-01 2024-12-31 04459190 frs-core:FurnitureFittings 2023-12-31 04459190 frs-core:PlantMachinery 2024-12-31 04459190 frs-core:PlantMachinery 2024-01-01 2024-12-31 04459190 frs-core:PlantMachinery 2023-12-31 04459190 frs-core:ShareCapital 2024-12-31 04459190 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04459190 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04459190 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 04459190 frs-bus:SmallEntities 2024-01-01 2024-12-31 04459190 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04459190 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04459190 1 2024-01-01 2024-12-31 04459190 frs-bus:Director1 2024-01-01 2024-12-31 04459190 frs-bus:Director1 2023-12-31 04459190 frs-bus:Director1 2024-12-31 04459190 frs-bus:Director2 2024-01-01 2024-12-31 04459190 frs-bus:Director2 2023-12-31 04459190 frs-bus:Director2 2024-12-31 04459190 frs-bus:Director3 2024-01-01 2024-12-31 04459190 frs-bus:Director3 2023-12-31 04459190 frs-bus:Director3 2024-12-31 04459190 frs-bus:Director4 2024-01-01 2024-12-31 04459190 frs-core:CurrentFinancialInstruments 1 2024-12-31 04459190 frs-core:CurrentFinancialInstruments 2 2024-12-31 04459190 frs-countries:EnglandWales 2024-01-01 2024-12-31 04459190 2022-06-30 04459190 2023-12-31 04459190 2022-07-01 2023-12-31 04459190 frs-core:CurrentFinancialInstruments 2023-12-31 04459190 frs-core:Non-currentFinancialInstruments 2023-12-31 04459190 frs-core:ShareCapital 2023-12-31 04459190 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 04459190 frs-core:CurrentFinancialInstruments 1 2023-12-31 04459190 frs-core:CurrentFinancialInstruments 2 2023-12-31 04459190 frs-core:CurrentFinancialInstruments 3 2023-12-31
Registered number: 04459190
Blue Sky Designs Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04459190
31 December 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 987 1,430
Tangible Assets 5 65,019 88,566
66,006 89,996
CURRENT ASSETS
Stocks 6 980,471 876,091
Debtors 7 1,113,036 989,071
Cash at bank and in hand 178,674 50,944
2,272,181 1,916,106
Creditors: Amounts Falling Due Within One Year 8 (1,697,240 ) (1,530,735 )
NET CURRENT ASSETS (LIABILITIES) 574,941 385,371
TOTAL ASSETS LESS CURRENT LIABILITIES 640,947 475,367
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (7,426 ) -
NET ASSETS 633,521 475,367
CAPITAL AND RESERVES
Called up share capital 10 9,550 9,550
Profit and Loss Account 623,971 465,817
SHAREHOLDERS' FUNDS 633,521 475,367
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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.
On behalf of the board
Mr S A Browning
Director
10/04/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Blue Sky Designs Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04459190 . The registered office is Wharfebank Mills, Ilkley Road, Otley, LS21 3JP.
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. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are patents and licenses. It is amortised to the profit and loss account over its estimated economic life of 3 years.
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:
Plant & Machinery 33% Straight line
Fixtures & Fittings 33% Straight line
Computer Equipment 33% Straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over 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 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.
2.7. Foreign Currencies
Monetary 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.
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2.8. 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.
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 assets reflect 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.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.9. 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: 27 (2023: 27)
27 27
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 January 2024 7,436
Additions 290
As at 31 December 2024 7,726
Amortisation
As at 1 January 2024 6,006
Provided during the period 733
As at 31 December 2024 6,739
Net Book Value
As at 31 December 2024 987
As at 1 January 2024 1,430
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5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 161,162 61,697 69,277 292,136
Additions 10,835 10,784 9,767 31,386
As at 31 December 2024 171,997 72,481 79,044 323,522
Depreciation
As at 1 January 2024 121,897 39,777 41,896 203,570
Provided during the period 25,915 14,677 14,341 54,933
As at 31 December 2024 147,812 54,454 56,237 258,503
Net Book Value
As at 31 December 2024 24,185 18,027 22,807 65,019
As at 1 January 2024 39,265 21,920 27,381 88,566
6. Stocks
31 December 2024 31 December 2023
£ £
Finished goods 980,471 876,091
7. Debtors
31 December 2024 31 December 2023
£ £
Due within one year
Trade debtors 786,505 569,773
Prepayments and accrued income 129,332 218,635
Other debtors 4,899 200
Corporation tax recoverable assets 42,541 42,541
Deferred tax current asset - 21,928
Net wages 1,548 -
Directors' loan accounts 110,091 100,262
1,074,916 953,339
Due after more than one year
Corporation tax recoverable assets 38,120 35,732
1,113,036 989,071
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8. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Trade creditors 215,530 390,023
Bank loans and overdrafts 737,378 571,952
Corporation tax 28,262 2,318
Other taxes and social security 32,396 65,766
VAT 332,489 202,534
Pensions payable 6,377 5,837
Credit cards 8,631 (82 )
Cash advances - 11,283
Accruals and deferred income 336,177 281,104
1,697,240 1,530,735
Bank loans include an amount with an invoice discounting facility which is secured on book dates.
9. Deferred Taxation
The provision for deferred tax is made up as follows:
31 December 2024 31 December 2023
£ £
Other timing differences 7,426 -
10. Share Capital
31 December 2024 31 December 2023
£ £
Allotted, Called up and fully paid 9,550 9,550
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Stuart Browning 4,649 9,125 - - 13,774
Mr Stephen Deane 39,280 - - - 39,280
Mr Gavin Holden 56,333 704 - - 57,037
The above loan is unsecured, interest free and repayable on demand.
12. Ultimate Controlling Party
The company's ultimate controlling party is Blue Sky Designs Group Ltd by virtue of it's ownership of 100% of the issued share capital in the company.
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