Acorah Software Products - Accounts Production 19.3.550 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 02173133 Robert Hoare Michael Hoare Marie-Severine de Caraman Chimay Jonkheer Le Fevere De Ten Hove Karen Wilson Diana Verde Nieto false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02173133 2024-12-31 02173133 2025-12-31 02173133 2025-01-01 2025-12-31 02173133 frs-core:CurrentFinancialInstruments 2025-12-31 02173133 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-12-31 02173133 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-01-01 2025-12-31 02173133 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 02173133 frs-core:CapitalRedemptionReserve 2025-12-31 02173133 frs-core:SharePremium 2025-12-31 02173133 frs-core:ShareCapital 2025-12-31 02173133 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 02173133 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 02173133 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 02173133 frs-bus:SmallEntities 2025-01-01 2025-12-31 02173133 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 02173133 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 02173133 1 2025-01-01 2025-12-31 02173133 frs-bus:Director1 2025-01-01 2025-12-31 02173133 frs-bus:Director2 2025-01-01 2025-12-31 02173133 frs-bus:Director3 2025-01-01 2025-12-31 02173133 frs-bus:Director4 2025-01-01 2025-12-31 02173133 frs-bus:Director5 2025-01-01 2025-12-31 02173133 frs-bus:Director6 2025-01-01 2025-12-31 02173133 frs-countries:EnglandWales 2025-01-01 2025-12-31 02173133 2023-12-31 02173133 2024-12-31 02173133 2024-01-01 2024-12-31 02173133 frs-core:CurrentFinancialInstruments 2024-12-31 02173133 frs-core:CapitalRedemptionReserve 2024-12-31 02173133 frs-core:SharePremium 2024-12-31 02173133 frs-core:ShareCapital 2024-12-31 02173133 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 02173133
Watts And Co. (Furnishings) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Watts And Co. (Furnishings) Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Watts And Co. (Furnishings) Limited
Balance Sheet
As At 31 December 2025
Balance Sheet
Registered number: 02173133

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 31,700 |  | -
|  |  | 31,700 |  | -
CURRENT ASSETS
Stocks | 5 | 597,573 |  | 573,432 |
Debtors | 6 | 727,660 |  | 321,465 |
Cash at bank and in hand |  | 1,424,666 |  | 1,240,065 |
|  | 2,749,899 |  | 2,134,962 |
Creditors: Amounts Falling Due Within One Year | 7 | (1,255,640 ) |  | (857,585 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 1,494,259 |  | 1,277,377
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,525,959 |  | 1,277,377
NET ASSETS |  |  | 1,525,959 |  | 1,277,377
CAPITAL AND RESERVES
Called up share capital | 8 |  | 1,317 |  | 1,317
Share premium account |  |  | 233,680 |  | 233,680
Capital redemption reserve |  |  | 253 |  | 253
Profit and Loss Account |  |  | 1,290,709 |  | 1,042,127
SHAREHOLDERS' FUNDS |  |  | 1,525,959 |  | 1,277,377

Page 1
Page 2
Watts And Co. (Furnishings) Limited
Balance Sheet (continued)
As At 31 December 2025
For the year ending 31 December 2025 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

Marie-Severine de Caraman Chimay Director
17/07/2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Watts And Co. (Furnishings) Limited
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
Watts And Co. (Furnishings) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02173133 . The registered office is 219b Chelsea Harbour Design Centre, London, SW10 0XE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling , which is the functional currency of the company.
Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
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. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and impairment. Assets are capitalised where they are expected to provide economic benefits over more than one financial year, with recognition based on the nature of the expenditure and its materiality to the financial statements. Other expenditure is expensed as incurred but in terms of taxation, they will be included in the corporation tax adjustments and capital allowances will be claimed.

Leasehold | 20% straight line

2.4. 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.
2.5. 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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Watts And Co. (Furnishings) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
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.
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: 14 (2024: 10)
14 10
4. Tangible Assets

| Land & Property
--- | ---
| Leasehold
| £
Cost
As at 1 January 2025 | -
Additions | 31,700
As at 31 December 2025 | 31,700
Net Book Value
As at 31 December 2025 | 31,700
As at 1 January 2025 | -

5. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 597,573 |  | 573,432

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Page 5
Watts And Co. (Furnishings) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 1,969 |  | 4,612
Other debtors | 624,073 |  | 316,853
| 626,042 |  | 321,465
Due after more than one year
Other debtors | 101,618 |  | -
| 727,660 |  | 321,465

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 278,650 |  | 248,476
Other creditors | 685,733 |  | 569,707
Taxation and social security | 291,257 |  | 39,402
| 1,255,640 |  | 857,585

8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1,317 |  | 1,317

9. Directors Advances, Credits and Guarantees
During the year, the company entered into a loan agreement with a director. At the balance sheet date, £301,091 was outstanding (2024: £nil). The loan is unsecured and repayable on demand and, in any event, no later than 31 December 2044. Interest was charged on the loan at 2.25% per annum up to 5 April 2025, amounting to £1,091 for the period, after which the loan became interest free. No formal security has been taken. The loan agreement includes certain undertakings in relation to the director’s assets and the application of proceeds in specified circumstances. No guarantees have been given or received.
10. Related Party Transactions
Included in other debtors is an interest free loan of £144,780 (2024 - £149,337) made to Watts and Company Limited, a company registered in England and Wales and is under common control. The loan is unsecured, interest free and repayable on demand.
11. Controlling Party
During the current and previous year, there was no majority shareholder. The directors Robert Michael Hoare and Marie-Severine de Caraman Chimay combined, control 74% of the issued share capital.
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