Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 03899640 Mr Andrew James Starling true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03899640 2022-12-31 03899640 2023-12-31 03899640 2023-01-01 2023-12-31 03899640 frs-core:CurrentFinancialInstruments 2023-12-31 03899640 frs-core:ComputerEquipment 2023-12-31 03899640 frs-core:ComputerEquipment 2023-01-01 2023-12-31 03899640 frs-core:ComputerEquipment 2022-12-31 03899640 frs-core:ShareCapital 2023-12-31 03899640 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 03899640 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03899640 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 03899640 frs-bus:SmallEntities 2023-01-01 2023-12-31 03899640 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03899640 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03899640 1 2023-01-01 2023-12-31 03899640 frs-bus:Director1 2023-01-01 2023-12-31 03899640 frs-countries:EnglandWales 2023-01-01 2023-12-31 03899640 2021-12-31 03899640 2022-12-31 03899640 2022-01-01 2022-12-31 03899640 frs-core:CurrentFinancialInstruments 2022-12-31 03899640 frs-core:ShareCapital 2022-12-31 03899640 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 03899640
FOXGLOVE MEDIA LIMITED
Unaudited Financial Statements
For The Year Ended 31 December 2023
Boroumand & Associates LLP
Chartered Accountants
Suite 105, Viglen House
Alperton Lane
London
HA0 1HD
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 03899640
2023 2022
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Cash at bank and in hand 445 6,265
445 6,265
Creditors: Amounts Falling Due Within One Year 5 (817 ) (817 )
NET CURRENT ASSETS (LIABILITIES) (372 ) 5,448
TOTAL ASSETS LESS CURRENT LIABILITIES (372 ) 5,448
NET (LIABILITIES)/ASSETS (372 ) 5,448
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account (373 ) 5,447
SHAREHOLDERS' FUNDS (372) 5,448
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The financial statements were approved by the board of directors on 20 August 2024 and were signed on its behalf by:
Mr Andrew James Starling
Director
20/08/2024
The notes on pages 2 to 4 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
FOXGLOVE MEDIA LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 03899640 . The registered office is Suite 105, Viglen House, Alperton Lane, London, HA0 1HD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The 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 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 £, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Computer Equipment 25%
2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to release the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, other loans and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

...CONTINUED
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2.5. Financial Instruments - continued
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

2.6.
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as laibilities once they are no longer at the discretion of the company.
2.7.
Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short tem liquid investments with original maturity of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.8. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2023 1,129
As at 31 December 2023 1,129
Depreciation
As at 1 January 2023 1,129
As at 31 December 2023 1,129
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 600 600
Director's loan account 217 217
817 817
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
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7. Dividends
2023 2022
£ £
On equity shares:
Interim dividend paid 5,000 12,000
Dividends paid to directors £5,000 (2022-£12,000).
8. Related Party Transactions
Andrew James StarlingDirector and shareholder

Andrew James Starling

Director and shareholder

At the balance sheet date, the company owed Andrew James Starling sum of £217  (2022-£217)
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr Andrew James Starling by virtue of his ownership of 100% of the issued share capital in the company.
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