Acorn Conceptual Textiles Ltd

Acorn Conceptual Textiles Ltd
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	4	1	1
Investments	5	34,306	38,723
		34,307	38,724
Current assets
Stocks		2,000	2,500
Debtors: amounts falling due within one year		13,261	7,899
Cash at bank and in hand		2,183	949
		17,444	11,348
Creditors: amount falling due within one year		(4,815)	(3,807)
Net current assets		12,629	7,541

Total assets less current liabilities		46,936	46,265
Net assets		46,936	46,265

Capital and reserves
Called up share capital	6	300	300
Profit and loss account		46,636	45,965
Shareholders' funds		46,936	46,265

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

Directors' 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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 30 December 2025 and were signed on its behalf by:

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Robert Weldon
Director

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Suzanna Ward-Weldon
Director

Acorn Conceptual Textiles Ltd
Notes to the Abridged Financial Statements
For the year ended 31 March 2025

General Information

Acorn Conceptual Textiles Ltd is a private company, limited by shares, registered in England and Wales, registration number 05382506, registration address 121 Main Street, Woodborough, Nottingham, NG14 6DA.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	25% Reducing Balance
Fixtures and Fittings	25% Reducing Balance

2.	Average number of employees Average number of employees during the year was 2 (2024 : 3).

Intangible fixed assets

Cost	Goodwill	Total
	£	£
At 01 April 2024	165,757	165,757
Additions	-	-
Disposals	-	-
At 31 March 2025	165,757	165,757
Amortisation
At 01 April 2024	165,757	165,757
Charge for year	-	-
On disposals	-	-
At 31 March 2025	165,757	165,757
Net book values
At 31 March 2025	-	-
At 31 March 2024	-	-

Tangible fixed assets

Cost or valuation	Plant and Machinery	Fixtures and Fittings	Total
	£	£	£
At 01 April 2024	8,275	35,495	43,770
Additions	-	-	-
Disposals	-	-	-
At 31 March 2025	8,275	35,495	43,770
Depreciation
At 01 April 2024	8,275	35,494	43,769
Charge for year	-	-	-
On disposals	-	-	-
At 31 March 2025	8,275	35,494	43,769
Net book values
Closing balance as at 31 March 2025	-	1	1
Opening balance as at 01 April 2024	-	1	1

Investments

Cost	Other investments other than loans	Total
	£	£
At 01 April 2024	38,723	38,723
Additions	-	-
Disposals	(4,417)	(4,417)
At 31 March 2025	34,306	34,306

Share Capital

Allotted, called up and fully paid	2025 £	2024 £
125 Class A shares of £1.00 each	125	125
125 Class B shares of £1.00 each	125	125
50 Class C shares of £1.00 each	50	50
	300	300

Registered Number: 05382506
England and Wales
ACORN CONCEPTUAL TEXTILES LTD

Abridged Accounts

Period of accounts Start date: 01 April 2024 End date: 31 March 2025