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Registration number: 04866570

Curtain Flair Ltd
Annual Report and Unaudited Filleted Financial Statements
for the Year Ended 31 July 2025

Curtain Flair Ltd

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 8
Detailed Profit and Loss Account | 9 to 10

Curtain Flair Ltd

Company Information

Director | Mrs Alison Humphreys

Company secretary | Mrs Alison Humphreys

Registered office | Unit 9 Lays Farm Trading Estate Charlton Road Keynsham, Bristol Banes BS31 2SE

Accountants | Stone & Co Chartered Accountants 2 Charnwood House Marsh Road Ashton Bristol BS3 2NA

Curtain Flair Ltd

(Registration number: 04866570)
Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |  |
Tangible assets | 4 |  | 668 | 778
Current assets |  |  |  |
Stocks | 5 | 6,755 |  | 3,872
Debtors | 6 | 766 |  | 1,542
Cash at bank and in hand |  | 1,551 |  | 2,929
|  | 9,072 |  | 8,343
Creditors: Amounts falling due within one year | 7 | (8,496) |  | (5,875)
Net current assets |  |  | 576 | 2,468
Total assets less current liabilities |  |  | 1,244 | 3,246
Provisions for liabilities |  |  | (121) | (148)
Net assets |  |  | 1,123 | 3,098
Capital and reserves |  |  |  |
Called up share capital |  | 100 |  | 100
Retained earnings |  | 1,023 |  | 2,998
Shareholders' funds |  |  | 1,123 | 3,098

For the financial year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 13 November 2025

Curtain Flair Ltd

(Registration number: 04866570)
Balance Sheet as at 31 July 2025

.........................................

Mrs Alison Humphreys
Company secretary and director

Curtain Flair Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1 | General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
Unit 9 Lays Farm Trading Estate
Charlton Road
Keynsham, Bristol
Banes
BS31 2SE

These financial statements were authorised for issue by the director on 13 November 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Curtain Flair Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 15% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Curtain Flair Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Curtain Flair Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

4 | Tangible assets

| Plant and machinery £ | Total £
Cost or valuation
At 1 August 2024 | 7,216 | 7,216
At 31 July 2025 | 7,216 | 7,216
Depreciation
At 1 August 2024 | 6,309 | 6,309
Charge for the year | 239 | 239
At 31 July 2025 | 6,548 | 6,548
Carrying amount
At 31 July 2025 | 668 | 668
At 31 July 2024 | 778 | 778

5 | Stocks

| 2025 £ | 2024 £
Other inventories | 6,755 | 3,872

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 351 | 1,457
Other debtors | 415 | 85
| 766 | 1,542

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 2,728 | 2,066
Taxation and social security | 1,394 | 3,235
Accruals and deferred income | 534 | 534
Other creditors | 3,840 | 40
| 8,496 | 5,875

Curtain Flair Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

8 | Related party transactions

The company was under the control of Mrs A Humphreys throughout the current and previous year. Mrs A Humphreys is the managing director and majority shareholder.
At the year end date, the company owed Mrs A Humphreys £3,838 (2024: £40) by way of a Directors Loan. This loan is interest free and there are no fixed repayment terms.

Curtain Flair Ltd

Detailed Profit and Loss Account for the Year Ended 31 July 2025

| 2025 £ | 2024 £
Turnover (analysed below) | 72,128 | 88,448
Cost of sales (analysed below) | (41,756) | (54,337)
Gross profit | 30,372 | 34,111
Gross profit (%) | 42.11% | 38.57%
Administrative expenses |  |
Employment costs (analysed below) | (16,007) | (14,957)
Establishment costs (analysed below) | (7,082) | (6,655)
General administrative expenses (analysed below) | (8,308) | (7,444)
Finance charges (analysed below) | (860) | (606)
Depreciation costs (analysed below) | (110) | (129)
| (32,367) | (29,791)
Operating (loss)/profit | (1,995) | 4,320
Other interest receivable and similar income (analysed below) | 10 | 3
(Loss)/profit before tax | (1,985) | 4,323

Curtain Flair Ltd

Detailed Profit and Loss Account for the Year Ended 31 July 2025

| 2025 £ | 2024 £

Turnover |  |
Sale of goods, UK | 72,128 | 88,448

Cost of sales |  |
Opening work in progress | (3,872) | (6,086)
Purchases | (29,533) | (38,937)
Closing work in progress | 6,754 | 3,872
Subcontract cost | (15,105) | (13,186)
| (41,756) | (54,337)

Employment costs |  |
Directors remuneration | (13,063) | (11,815)
Directors NIC (Employers) | (477) | (478)
Directors pensions (Other) | (2,400) | (2,600)
Staff welfare | (67) | (64)
| (16,007) | (14,957)

Establishment costs |  |
Rent | (4,776) | (4,776)
Water rates | (490) | (445)
Light, heat and power | (675) | (372)
Insurance | (824) | (930)
Repairs and maintenance | (317) | (132)
| (7,082) | (6,655)

General administrative expenses |  |
Telephone and fax | (834) | (670)
Computer software and maintenance costs | (744) | (709)
Printing, postage and stationery | (88) | (112)
Sundry expenses | (166) | (182)
Motor expenses | (266) | (210)
Advertising | (4,676) | (4,048)
Accountancy fees | (1,500) | (1,500)
Legal and professional fees | (34) | (13)
| (8,308) | (7,444)

Finance charges |  |
Bank charges | (860) | (606)

Depreciation costs |  |
Depreciation of plant and machinery (owned) | (110) | (129)

Other interest receivable and similar income |  |
Bank interest receivable | 10 | 3