Acorah Software Products - Accounts Production 14.5.501 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 SC587668 Ms Diane Cook Ms Lindsey Parker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC587668 2023-02-28 SC587668 2024-02-28 SC587668 2023-03-01 2024-02-28 SC587668 frs-core:CurrentFinancialInstruments 2024-02-28 SC587668 frs-core:PlantMachinery 2024-02-28 SC587668 frs-core:PlantMachinery 2023-03-01 2024-02-28 SC587668 frs-core:PlantMachinery 2023-02-28 SC587668 frs-core:ShareCapital 2024-02-28 SC587668 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 SC587668 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 SC587668 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 SC587668 frs-bus:SmallEntities 2023-03-01 2024-02-28 SC587668 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 SC587668 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 SC587668 frs-bus:Director1 2023-03-01 2024-02-28 SC587668 frs-bus:Director2 2023-03-01 2024-02-28 SC587668 frs-countries:Scotland 2023-03-01 2024-02-28 SC587668 2022-02-28 SC587668 2023-02-28 SC587668 2022-03-01 2023-02-28 SC587668 frs-core:CurrentFinancialInstruments 2023-02-28 SC587668 frs-core:ShareCapital 2023-02-28 SC587668 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: SC587668
Firefly:Design Limited
Financial Statements
For The Year Ended 28 February 2024
13 Register Street
Bo'Ness
EH51 9AE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC587668
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 106 128
106 128
CURRENT ASSETS
Cash at bank and in hand 2,680 7,559
2,680 7,559
Creditors: Amounts Falling Due Within One Year 5 (16,451 ) (12,079 )
NET CURRENT ASSETS (LIABILITIES) (13,771 ) (4,520 )
TOTAL ASSETS LESS CURRENT LIABILITIES (13,665 ) (4,392 )
NET LIABILITIES (13,665 ) (4,392 )
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account (13,666 ) (4,393 )
SHAREHOLDERS' FUNDS (13,665) (4,392)
Page 1
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For the year ending 28 February 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
Ms Diane Cook
Director
08/04/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Firefly:Design Limited is a private company, limited by shares, incorporated in Scotland, registered number SC587668 . The registered office is 135 Stewart Avenue, Bo'Ness, Falkirk Region, EH51 9NN.
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. 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 25% Staright Line
3. Average Number of Employees
2
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 March 2023 632
As at 28 February 2024 632
Depreciation
As at 1 March 2023 504
Provided during the period 22
As at 28 February 2024 526
Net Book Value
As at 28 February 2024 106
As at 1 March 2023 128
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5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 478 478
Accruals and deferred income 11,973 11,601
Directors' loan accounts 4,000 -
16,451 12,079
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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