Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 06701917 Mrs M E Smith Mrs N Dziopa Mrs R Barron Mr J M Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06701917 2023-12-31 06701917 2024-12-31 06701917 2024-01-01 2024-12-31 06701917 frs-core:CurrentFinancialInstruments 2024-12-31 06701917 frs-core:Non-currentFinancialInstruments 2024-12-31 06701917 frs-core:NetGoodwill 2024-12-31 06701917 frs-core:NetGoodwill 2024-01-01 2024-12-31 06701917 frs-core:NetGoodwill 2023-12-31 06701917 frs-core:MotorVehicles 2024-12-31 06701917 frs-core:MotorVehicles 2024-01-01 2024-12-31 06701917 frs-core:MotorVehicles 2023-12-31 06701917 frs-core:PlantMachinery 2024-12-31 06701917 frs-core:PlantMachinery 2024-01-01 2024-12-31 06701917 frs-core:PlantMachinery 2023-12-31 06701917 frs-core:ShareCapital 2024-12-31 06701917 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06701917 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06701917 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 06701917 frs-bus:SmallEntities 2024-01-01 2024-12-31 06701917 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06701917 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06701917 frs-bus:Director1 2024-01-01 2024-12-31 06701917 frs-bus:Director2 2024-01-01 2024-12-31 06701917 frs-bus:Director3 2024-01-01 2024-12-31 06701917 frs-bus:Director4 2024-01-01 2024-12-31 06701917 frs-countries:EnglandWales 2024-01-01 2024-12-31 06701917 2022-12-31 06701917 2023-12-31 06701917 2023-01-01 2023-12-31 06701917 frs-core:CurrentFinancialInstruments 2023-12-31 06701917 frs-core:Non-currentFinancialInstruments 2023-12-31 06701917 frs-core:ShareCapital 2023-12-31 06701917 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 06701917
Concept Blind Systems Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
SRL Accountancy & Payroll Services Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06701917
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 754,256 649,833
754,256 649,833
CURRENT ASSETS
Stocks 6 160,389 155,717
Debtors 7 572,630 567,701
Cash at bank and in hand 8,980 101,577
741,999 824,995
Creditors: Amounts Falling Due Within One Year 8 (280,684 ) (410,692 )
NET CURRENT ASSETS (LIABILITIES) 461,315 414,303
TOTAL ASSETS LESS CURRENT LIABILITIES 1,215,571 1,064,136
Creditors: Amounts Falling Due After More Than One Year 9 (333,731 ) (209,989 )
NET ASSETS 881,840 854,147
CAPITAL AND RESERVES
Called up share capital 10 101 101
Profit and Loss Account 881,739 854,046
SHAREHOLDERS' FUNDS 881,840 854,147
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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.
On behalf of the board
Mr J M Smith
Director
25/03/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Concept Blind Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06701917 . The registered office is 35 Menzies Road, Leicester, LE4 0JL.
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 - 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 the profit and loss account over its estimated economic life of .... 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 20%-25% reducing balance
Motor Vehicles 25% reducing balance
2.5. 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.
2.6. 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.
...CONTINUED
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2.6. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 44 (2023: 56)
44 56
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 60,000
As at 31 December 2024 60,000
Amortisation
As at 1 January 2024 60,000
As at 31 December 2024 60,000
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 January 2024 1,272,672 186,993 1,459,665
Additions 294,769 - 294,769
As at 31 December 2024 1,567,441 186,993 1,754,434
Depreciation
As at 1 January 2024 737,423 72,409 809,832
Provided during the period 161,700 28,646 190,346
As at 31 December 2024 899,123 101,055 1,000,178
Net Book Value
As at 31 December 2024 668,318 85,938 754,256
As at 1 January 2024 535,249 114,584 649,833
6. Stocks
2024 2023
£ £
Stock 160,389 155,717
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 553,480 548,551
Other debtors 19,150 19,150
572,630 567,701
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 123,931 208,720
Bank loans and overdrafts 9,723 10,000
Other creditors 40,471 59,296
Taxation and social security 106,559 132,676
280,684 410,692
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 5,277 15,833
Other creditors 328,454 194,156
333,731 209,989
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 101 101
11. Related Party Transactions
During the year, various transactions took place with The Blind Rack Limited, a company in which J M Smith is a director. At the end of the year, £33,100 (2023: £24,873) is outstanding from The Blind Rack Limited and is included in trade debtors. 

At the beginning of the year, the intercompany loan from The Blind Rack Limited brought forward was £87,822. Payments were made during the year and a further loan was received making the end of the year balance is £196,574. This is inlcuded in other creditors. 

During the year transactions took place with Your Blinds Limited, a company in which J M Smith is a director. At the end of the year £295,313 (2023: £248,190) is outstanding from Your Blinds Limited and is included in trade debtors. 

At the beginning of the year, £15,020 was owed from Your Blinds Limited and there were no transactions during the year. £15,020 is outstanding at the year end and is included in other debtors. 
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