Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 10443031 Sebastien Rumpler Novealp SA true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10443031 2022-12-31 10443031 2023-12-31 10443031 2023-01-01 2023-12-31 10443031 frs-core:CurrentFinancialInstruments 2023-12-31 10443031 frs-core:Non-currentFinancialInstruments 2023-12-31 10443031 frs-core:ComputerEquipment 2023-12-31 10443031 frs-core:ComputerEquipment 2023-01-01 2023-12-31 10443031 frs-core:ComputerEquipment 2022-12-31 10443031 frs-core:ShareCapital 2023-12-31 10443031 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10443031 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10443031 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 10443031 frs-bus:SmallEntities 2023-01-01 2023-12-31 10443031 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10443031 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10443031 1 2023-01-01 2023-12-31 10443031 frs-bus:Director1 2023-01-01 2023-12-31 10443031 frs-countries:EnglandWales 2023-01-01 2023-12-31 10443031 2021-12-31 10443031 2022-12-31 10443031 2022-01-01 2022-12-31 10443031 frs-core:CurrentFinancialInstruments 2022-12-31 10443031 frs-core:Non-currentFinancialInstruments 2022-12-31 10443031 frs-core:ShareCapital 2022-12-31 10443031 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 10443031
Hello Day Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Blue-Shore Accountants Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10443031
2023 2022
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Stocks 5 98,026 123,489
Debtors 6 8,271 12,877
Cash at bank and in hand 72,611 386,364
178,908 522,730
Creditors: Amounts Falling Due Within One Year 7 (234,885 ) (188,090 )
NET CURRENT ASSETS (LIABILITIES) (55,977 ) 334,640
TOTAL ASSETS LESS CURRENT LIABILITIES (55,977 ) 334,640
Creditors: Amounts Falling Due After More Than One Year 8 (4,244,731 ) (4,332,910 )
NET LIABILITIES (4,300,708 ) (3,998,270 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (4,300,808 ) (3,998,370 )
SHAREHOLDERS' FUNDS (4,300,708) (3,998,270)
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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.
On behalf of the board
Sebastien Rumpler
Director
20/09/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Hello Day Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10443031 . The registered office is 71-75 Shelton Street, London, WC2H 9JQ.
The presentation currency of the financial statements is the Pound Sterling (£). 
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.
The director has assessed the company's future projections and cash flow forecasts and believe that the going concern basis of preparation remains appropriate.
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. 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.
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:
Computer Equipment 25% SL
2.4. Stocks and Work in Progress
Stock is 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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 4)
3 4
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2023 5,105
As at 31 December 2023 5,105
Depreciation
As at 1 January 2023 5,105
As at 31 December 2023 5,105
...CONTINUED
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Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
5. Stocks
2023 2022
£ £
Finished goods 98,026 123,489
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 7,302 8,786
Prepayments and accrued income 969 909
Other debtors - 3,182
8,271 12,877
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 9,791 6,759
Bank loans and overdrafts 62,245 41,836
Other taxes and social security 7,060 5,517
VAT 783 -
Other creditors - 1,088
Accruals and deferred income 754 -
Director's loan account 31,983 31,982
Amounts owed to parent undertaking 122,269 100,908
234,885 188,090
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 1,396,624 1,425,637
Amounts owed to parent undertaking 2,848,107 2,907,273
4,244,731 4,332,910
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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10. Related Party Transactions
Unless otherwise disclosed, all related party transactions have been conducted under normal market conditions.
Included within other creditors as at 31st December 2023 is £31,982 (2022 : £31,982) owed to the director. No interest is being charged on this loan.
Within other creditors there is a loan from sole shareholder Novealap SA £2,970,376  (2022: £3,008,181). An interest rate of 0.75% is applied to the loan which is payable in arrears at the end of each year.
11. Ultimate Controlling Party
The company's ultimate controlling party is Novealp SA by virtue of his ownership of 100% of the issued share capital in the company.
12. Going Concern
The company and the director are committed to finding a viable solution to support the company’s trading in the future, and on that basis the company is considered a going concern.
The company has received a letter of support from all loan providers (including its parent company), stating no call will be made for the repayment of the debts to the extent that this would impinge the ability of the company to meet its liabilities as they fall due.
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