Acorah Software Products - Accounts Production 16.0.110 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 03493085 S Davies iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03493085 2023-01-31 03493085 2024-01-31 03493085 2023-02-01 2024-01-31 03493085 frs-core:Non-currentFinancialInstruments 2024-01-31 03493085 frs-core:ComputerEquipment 2023-02-01 2024-01-31 03493085 frs-core:ShareCapital 2024-01-31 03493085 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 03493085 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 03493085 frs-bus:AbridgedAccounts 2023-02-01 2024-01-31 03493085 frs-bus:SmallEntities 2023-02-01 2024-01-31 03493085 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 03493085 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 03493085 frs-core:CostValuation 2023-01-31 03493085 frs-core:CostValuation 2024-01-31 03493085 frs-bus:Director1 2023-02-01 2024-01-31 03493085 frs-bus:Director1 2023-01-31 03493085 frs-bus:Director1 2024-01-31 03493085 frs-countries:EnglandWales 2023-02-01 2024-01-31 03493085 2022-01-31 03493085 2023-01-31 03493085 2022-02-01 2023-01-31 03493085 frs-core:Non-currentFinancialInstruments 2023-01-31 03493085 frs-core:ShareCapital 2023-01-31 03493085 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 03493085
Flogard Systems Ltd.
ABRIDGED Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 03493085
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,832 5,914
Investments 5 56,500 56,500
61,332 62,414
CURRENT ASSETS
Stocks 246,853 138,000
Debtors 316,999 251,397
Cash at bank and in hand 2,480 2,180
566,332 391,577
Creditors: Amounts Falling Due Within One Year (474,689 ) (392,489 )
NET CURRENT ASSETS (LIABILITIES) 91,643 (912 )
TOTAL ASSETS LESS CURRENT LIABILITIES 152,975 61,502
Creditors: Amounts Falling Due After More Than One Year (137,703 ) (34,386 )
NET ASSETS 15,272 27,116
CAPITAL AND RESERVES
Called up share capital 6 10,000 10,000
Profit and Loss Account 5,272 17,116
SHAREHOLDERS' FUNDS 15,272 27,116
Page 1
Page 2
For the year ending 31 January 2024 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 January 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
S Davies
Director
29th October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Flogard Systems Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 03493085 . The registered office is Unit 11 Greenwich Road, Maesglas Industrial Estate, Newport, NP20 2NN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below and in accordance with 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.
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%
2.4. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress 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. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Corporation tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income 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.
2.7. 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Total
£
Cost
As at 1 February 2023 7,542
As at 31 January 2024 7,542
Depreciation
As at 1 February 2023 1,628
Provided during the period 1,082
As at 31 January 2024 2,710
Net Book Value
As at 31 January 2024 4,832
As at 1 February 2023 5,914
5. Investments
Total
£
Cost
As at 1 February 2023 56,500
As at 31 January 2024 56,500
Provision
As at 1 February 2023 -
As at 31 January 2024 -
Net Book Value
As at 31 January 2024 56,500
As at 1 February 2023 56,500
The company's investment in its subsidiary undertaking represents the cost of acquisition of 100% of the ordinary share capital of Filtech 2000 Ltd, which manufactures filter elements and provides engineering support services. At 31st July 2023 the aggregate of its share capital and reserves was £-101273 (2022 - £-101193) and the loss for the year to that date was £80 (2022 - £14834). 
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10,000 10,000
Page 4
Page 5
7. Pension Commitments
The company operates a defined contribution pension scheme for the directors and senior employees. The assets of the scheme are held separately from those of the company in an independently administered fund. 
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mr Steven Davies 2,365 - 2,365 - -
The above loan is unsecured, interest free and repayable on demand.
Page 5