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Registered number: 05446501
Healthy Kids Limited
Financial Statements
For the Period 1 January 2023 to 30 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—8
Page 1
Balance Sheet
Registered number: 05446501
30 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 23,705 29,250
23,705 29,250
CURRENT ASSETS
Stocks 5 79,870 148,593
Debtors 6 2,294,067 2,019,043
Cash at bank and in hand - 338,486
2,373,937 2,506,122
Creditors: Amounts Falling Due Within One Year 7 (2,095,460 ) (1,859,908 )
NET CURRENT ASSETS (LIABILITIES) 278,477 646,214
TOTAL ASSETS LESS CURRENT LIABILITIES 302,182 675,464
Creditors: Amounts Falling Due After More Than One Year 8 (14,962 ) (24,791 )
NET ASSETS 287,220 650,673
CAPITAL AND RESERVES
Called up share capital 9 6,716 6,716
Share premium account 5,214,253 5,214,253
Profit and Loss Account (4,933,749 ) (4,570,296 )
SHAREHOLDERS' FUNDS 287,220 650,673
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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.
Company registration number 05446501
The financial statements were approved by the board of directors on 23 July 2024 and were signed on its behalf by:
Mr Dean Brown
Director
23/07/2024
The notes on pages 3 to 8 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. 
Functional and presentational currency
The company's functional currency is Sterling, as this is the currency of the primary economic environment of that which the company operates. The financial statements are presented in Sterling.
Healthy Kids Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05446501 . The registered office is Timsons Business Centre, Bath Road, Kettering, Northamptonshire, NN16 8NQ.
Principal Activity
The principal activity of the entity is the provision of fresh kids meals.
1.2. Going Concern Disclosure
The Directors have formed a judgement at the time of approving the financial statements that the Company has adequate resources available to continue operating for at least 12 months and conclude that there are no material uncertainties relating to events or conditions that may cast doubt over the ability of the Company to continue as a going concern. The Company has prepared several cashflow forecasts detailing multiple scenarios which has led the Directors to this judgement. 
In drawing this conclusion the Directors have considered the ongoing impact of Covid-19 on the business, current trading, the strength of the company’s relationships with customers, its working capital position and the expected cash that will be generated from its operations.
1.3. Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Sale of goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
  • the company has transferred the signirficant risks and rewards of ownership to the buyer,
  • the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold,
  • the amount of revenue can be measured reliably, 
  • it is probable that the company will receive the consideration due under the transaction, and
  • the costs incurred or to be incurred in respect of the transaction can be measured reliably 
1.4. Research and Development
Expenditure on research and development is written off in the year it is incurred.
1.5. 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:
Plant & Machinery 33% straight line
Fixtures & Fittings 20% and 33% straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting period.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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1.6. Stocks and Work in Progress
Stocks 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. 
1.7. Financial Instruments
Financial assets carried at amortised cost
Financial assets are recognised on the balance sheet when, and only when, the Company becomes a party to the contractual provisions of the instrument.
Finanical assets are initially recognised at fair value plus directly attributable transaction costs.
Financial assets carried at amortised cost are classified as loans and receivables and comprise trade and other receivables and cash and cash equivalents. Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market.
After initial recognition, loans and receivables are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
If there is objective evidence that there is an impairment loss on loans and receivables, the amount of the loss is measured as the difference between the asset's carrying amount and the present value of estimated future cash flows discounted at the financial asset's original effective interest rate (i.e. the effective interest rate computed at initial recognition). The carrying amount of the asset is reduced either directly or through use of an allowance account.
A finanical asset is derecognised when the contractual rights to the cash flows from the financial asset expire, or when the financial asset and all substantial risks and rewards are transferred.
These financial liabilities include trade and other payables and interest bearing loans and borrowings.
Financial liabilities are initially recognised at fair value adjusted for any attributable transaction costs.
After initial recognition, finanical liabilities are measured at amortised cost using the effetive interest method, with interest-related charges recognised as an expense in finance costs. Discounting is omitted where the effect of discounting is immaterial.
A financial liability is derecognised only when the contractual obligation is extinguished, that is, when the obligation is discharged, cancelled or expires.
1.8. 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.
1.9. 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 profit and loss account 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 reflects 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 or deferred tax for the year is recognised in profit and loss account, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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1.10. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
1.11. Judgments in applying accounting policies and key sources of estimation uncertainty
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The entity offers discounts and rebates to its customers based on sales volume. These costs are estimated and accrued for at the time of sale. The directors confirm there are no estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
1.12. Equity and reserves
Share capital represents the nominal value of shares that have been issued.
Share premium represents the premium value of shares that have been issued.
Retained earnings include all current and prior period retained profits.
1.13. Registrar Filing Requirements
Share capital represents the nominal value of shares that have been issued.
Retained earnings include all current and prior period retained profits.
2. Average Number of Employees
Average number of employees, including directors, during the period was: 10 (2022: 9)
10 9
3. Intangible Assets
Development Costs
£
Cost
As at 1 January 2023 3,795
Additions -
As at 30 December 2023 3,795
Amortisation
As at 1 January 2023 3,795
Provided during the period -
As at 30 December 2023 3,795
Net Book Value
As at 30 December 2023 -
As at 1 January 2023 -
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2023 48,561 111,029 159,590
Additions - 20,460 20,460
Disposals - (1,170 ) (1,170 )
As at 30 December 2023 48,561 130,319 178,880
Depreciation
As at 1 January 2023 46,004 84,336 130,340
Provided during the period 1,183 24,822 26,005
Disposals - (1,170 ) (1,170 )
As at 30 December 2023 47,187 107,988 155,175
Net Book Value
As at 30 December 2023 1,374 22,331 23,705
As at 1 January 2023 2,557 26,693 29,250
5. Stocks
30 December 2023 31 December 2022
£ £
Finished goods 79,870 148,593
There are no stock provisions included in the figures for 2023 or 2022.
6. Debtors
30 December 2023 31 December 2022
£ £
Due within one year
Trade debtors 1,594,095 1,304,285
Prepayments and accrued income 291,985 294,665
Other debtors 50,404 104,337
Amounts owed by group undertakings 357,583 315,756
2,294,067 2,019,043
The amounts owed by group companies are interest free and have no set repayment terms, being repayable on demand.
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7. Creditors: Amounts Falling Due Within One Year
30 December 2023 31 December 2022
£ £
Trade creditors 1,177,590 1,357,686
Bank loans and overdrafts 382,864 10,000
Other creditors 507,456 467,952
Taxation and social security 27,550 24,270
2,095,460 1,859,908
The company owes £24,962 (2022: £34,791) under the Bounce Back Loan Scheme (BBLS) scheme, of which £10,000 falls due within one year.
HSBC hold a debenture secured over assets of the company with regards to the bank facility in place.
8. Creditors: Amounts Falling Due After More Than One Year
30 December 2023 31 December 2022
£ £
Bank loans 14,962 24,791
The company owes £24,962 (2022 : £34,791) under the Bounce Back Loan Scheme (BBLS) scheme, of which £14,962 falls due after more than one year. The interest rate for the loan is 2.5%.
9. Share Capital
30 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 6,716 6,716
621,728 A Ordinary £0.01 shares, 20,675 B Ordinary £0.01 shares, 6,876 C Ordinary £0.01 shares, 22,314 E Preferred Ordinary £0.01 shares
All shares have equivalent rights including voting rights
10. Other Commitments
At the reporting date the company had outstanding commitments for future minimum lease payments under operating leases, as follows:
30 December 2023 31 December 2022
£ £
Not later than one year 84,419 -
Later than one year and not later than five years 337,678 -
Later than five years 506,517 -
928,614 -
This represents a new 11 year lease over the offices of the company.
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11. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £18,610 (2022: £24,483). At the balance sheet date unpaid contributions of £3,479 (2022 £2,183) were due to the fund. They are included in Other Creditors.
12. Related Party Transactions
The company has taken advantage of the disclosure exemptions available in FRS 102 section 33.1A not to disclose transactions between two or more members of a group where the party to the transaction is a wholly owned subsidiary.
13. Ultimate Controlling Party
The company's immediate and ultimate controlling party is Little Dish Holdings Limited by virtue of its ownership of 100% of the issued share capital in the company. 
14. Audit Information
The auditors report on the account of Healthy Kids Limited for the period ended 30 December 2023 was unqualified
The auditor's report was signed by Nicholas John Bairstow (Senior Statutory Auditor) for and on behalf of Moore Chartered Accountants , Statutory Auditor
Moore Chartered Accountants
Oakley House
Headway Business Park, 3 Saxon Way West
Corby
Northamptonshire
NN18 9EZ
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