REGISTERED NUMBER: 07043442 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CONCORDE BLINDS DIRECT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs J A Wills

REGISTERED OFFICE:

Unit 4 Sunbeam Road

Woburn Road Industrial Estate

Kempston

Beds

MK42 7BY

REGISTERED NUMBER:

07043442 (England and Wales)

ACCOUNTANTS:

Foxley Kingham

Chartered Accountants

260 - 270 Butterfield

Great Marlings

Luton

Bedfordshire

LU2 8DL

FIXED ASSETS

Tangible assets

4

43,405

30,893

CURRENT ASSETS

Stocks

31,133

62,628

Debtors

5

116,303

80,605

Cash at bank and in hand

43,168

133,963

190,604

277,196

CREDITORS

Amounts falling due within one year

6

202,046

198,405

NET CURRENT (LIABILITIES)/ASSETS

(11,442

)

78,791

TOTAL ASSETS LESS CURRENT LIABILITIES

31,963

109,684

CREDITORS

Amounts falling due after more than one year

7

(19,043

)

(16,777

)

PROVISIONS FOR LIABILITIES

(7,955

)

(7,723

)

NET ASSETS

4,965

85,184

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

4,865

85,084

SHAREHOLDERS' FUNDS

4,965

85,184

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 September 2025 and were signed by:

Mrs J A Wills - Director

1.	STATUTORY INFORMATION

Concorde Blinds Direct Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

The gain or loss arising on disposal of an asset is determined at the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

- 15% on reducing balance

Fixtures and fittings

- 15% on reducing balance

Motor vehicles

- 25% on reducing balance

Computer equipment

- 33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

690

24,835

62,689

9,522

97,736

Additions

-

-

22,929

-

22,929

At 31 December 2024

690

24,835

85,618

9,522

120,665

DEPRECIATION

At 1 January 2024

592

20,864

38,793

6,594

66,843

Charge for year

15

596

8,840

966

10,417

At 31 December 2024

607

21,460

47,633

7,560

77,260

NET BOOK VALUE

At 31 December 2024

83

3,375

37,985

1,962

43,405

At 31 December 2023

98

3,971

23,896

2,928

30,893

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2024

45,774

Additions

22,929

Transfer to ownership

(18,660

)

At 31 December 2024

50,043

DEPRECIATION

At 1 January 2024

26,002

Charge for year

5,964

Transfer to ownership

(11,280

)

At 31 December 2024

20,686

NET BOOK VALUE

At 31 December 2024

29,357

At 31 December 2023

19,772

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

20,323

12,014

Other debtors

29,210

26,111

Director's loan accounts

22,619

-

Prepayments

44,151

42,480

116,303

80,605

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,404

10,149

Hire purchase contracts (see note 8)

7,001

9,539

Payments on account

90,633

49,927

Trade creditors

64,825

64,746

Corporation tax

2,419

42,864

Taxation and social security

4,885

5,559

VAT

17,679

10,553

Director's loan accounts

-

868

Accrued expenses

4,200

4,200

202,046

198,405

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

4,410

10,404

Bank loans - 2-5 years

-

4,410

Hire purchase contracts (see note 8)

14,633

1,963

19,043

16,777

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Net obligations repayable:

Within one year

7,001

9,539

Between one and five years

14,633

1,963

21,634

11,502

Non-cancellable

operating leases

2024

2023

£

£

Within one year

3,167

4,223

Between one and five years

-

3,167

3,167

7,390

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

21,634

11,502

The debt is secured against the assets held under hire purchase contracts.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

60

Ordinary

£1

60

60

40

Ordinary A

£1

40

40

100

100

Both share types rank equally for voting and have rights to dividends and capital.

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Mrs J A Wills

Balance outstanding at start of year

-

-

Amounts advanced

22,619

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

22,619

-

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs J A Wills.