Acorah Software Products - Accounts Production 15.0.500 false true true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 08248398 Ms J E Inglis Mr M R Cassen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08248398 2022-10-31 08248398 2023-10-31 08248398 2022-11-01 2023-10-31 08248398 frs-core:CurrentFinancialInstruments 2023-10-31 08248398 frs-core:Non-currentFinancialInstruments 2023-10-31 08248398 frs-core:FurnitureFittings 2023-10-31 08248398 frs-core:FurnitureFittings 2022-11-01 2023-10-31 08248398 frs-core:FurnitureFittings 2022-10-31 08248398 frs-core:NetGoodwill 2023-10-31 08248398 frs-core:NetGoodwill 2022-11-01 2023-10-31 08248398 frs-core:NetGoodwill 2022-10-31 08248398 frs-core:MotorVehicles 2023-10-31 08248398 frs-core:MotorVehicles 2022-11-01 2023-10-31 08248398 frs-core:MotorVehicles 2022-10-31 08248398 frs-core:ShareCapital 2023-10-31 08248398 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 08248398 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08248398 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 08248398 frs-bus:SmallEntities 2022-11-01 2023-10-31 08248398 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 08248398 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 08248398 frs-bus:Director1 2022-11-01 2023-10-31 08248398 frs-bus:Director2 2022-11-01 2023-10-31 08248398 frs-countries:EnglandWales 2022-11-01 2023-10-31 08248398 2021-10-31 08248398 2022-10-31 08248398 2021-11-01 2022-10-31 08248398 frs-core:CurrentFinancialInstruments 2022-10-31 08248398 frs-core:Non-currentFinancialInstruments 2022-10-31 08248398 frs-core:ShareCapital 2022-10-31 08248398 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 08248398
Flaming Foxes Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Sense Accounting Limited
36 Bruntsfield Place
Edinburgh
EH10 4HJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08248398
2023 2022
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 6 2,273 692
Cash at bank and in hand 476 3,807
2,749 4,499
Creditors: Amounts Falling Due Within One Year 7 (53,029 ) (47,486 )
NET CURRENT ASSETS (LIABILITIES) (50,280 ) (42,987 )
TOTAL ASSETS LESS CURRENT LIABILITIES (50,280 ) (42,987 )
Creditors: Amounts Falling Due After More Than One Year 8 (8,302 ) (12,683 )
NET LIABILITIES (58,582 ) (55,670 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (58,583 ) (55,671 )
SHAREHOLDERS' FUNDS (58,582) (55,670)
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For the year ending 31 October 2023 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 J E Inglis
Director
30 July 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Flaming Foxes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08248398 . The registered office is 124 City Road, London, EC1V 2NX.
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. Going Concern Disclosure
The directors have carried out an assessment of the going concern position of the Company. With due consideration of the current economic situation in the UK and beyond, and with their continued support, the directors have concluded that they have a reasonable expectation that the Company has adequate access to resources to continue as a going concern for a period of at least 12 months. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.
2.3. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.5. 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:
Motor Vehicles 25% straight line
Fixtures & Fittings 20% straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
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4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2022 17,500
As at 31 October 2023 17,500
Amortisation
As at 1 November 2022 17,500
As at 31 October 2023 17,500
Net Book Value
As at 31 October 2023 -
As at 1 November 2022 -
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 November 2022 22,636 6,282 28,918
As at 31 October 2023 22,636 6,282 28,918
Depreciation
As at 1 November 2022 22,636 6,282 28,918
As at 31 October 2023 22,636 6,282 28,918
Net Book Value
As at 31 October 2023 - - -
As at 1 November 2022 - - -
6. Debtors
2023 2022
£ £
Due within one year
VAT 524 275
Other taxes and social security 1,749 417
2,273 692
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 16 13
Bank loans and overdrafts 4,398 4,041
Accruals and deferred income 650 650
Directors' loan accounts 47,965 42,782
53,029 47,486
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 8,302 12,683
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
10. Related Party Transactions
As at 31 October 2023, the company owed the directors £47,965 (2022: £42,782). 
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