Acorah Software Products - Accounts Production 16.0.110 false true true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 SC527148 Ms L Wang iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC527148 2023-02-28 SC527148 2024-02-29 SC527148 2023-03-01 2024-02-29 SC527148 frs-core:CurrentFinancialInstruments 2024-02-29 SC527148 frs-core:ComputerEquipment 2024-02-29 SC527148 frs-core:ComputerEquipment 2023-03-01 2024-02-29 SC527148 frs-core:ComputerEquipment 2023-02-28 SC527148 frs-core:FurnitureFittings 2024-02-29 SC527148 frs-core:FurnitureFittings 2023-03-01 2024-02-29 SC527148 frs-core:FurnitureFittings 2023-02-28 SC527148 frs-core:ShareCapital 2024-02-29 SC527148 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 SC527148 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 SC527148 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 SC527148 frs-bus:SmallEntities 2023-03-01 2024-02-29 SC527148 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 SC527148 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 SC527148 frs-bus:Director1 2023-03-01 2024-02-29 SC527148 frs-countries:Scotland 2023-03-01 2024-02-29 SC527148 2022-02-28 SC527148 2023-02-28 SC527148 2022-03-01 2023-02-28 SC527148 frs-core:CurrentFinancialInstruments 2023-02-28 SC527148 frs-core:ShareCapital 2023-02-28 SC527148 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: SC527148
Flamingosaurus Rex Ltd.
Unaudited Financial Statements
For The Year Ended 29 February 2024
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: SC527148
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,961 5,665
3,961 5,665
CURRENT ASSETS
Stock 5 2,021 1,346
Debtors 6 3,445 2,749
Cash at bank and in hand 553 291
6,019 4,386
Creditors: Amounts Falling Due Within One Year 7 (463,925 ) (381,895 )
NET CURRENT ASSETS (LIABILITIES) (457,906 ) (377,509 )
TOTAL ASSETS LESS CURRENT LIABILITIES (453,945 ) (371,844 )
NET LIABILITIES (453,945 ) (371,844 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (453,946 ) (371,845 )
SHAREHOLDERS' FUNDS (453,945) (371,844)
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Page 2
For the year ending 29 February 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 her 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 L Wang
Director
27 November 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
Flamingosaurus Rex Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC527148 . The registered office is 22 Bruntsfield Place, Edinburgh, EH10 4HN.
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 director has carried out an assessment of the going concern position of the company. With due consideration of the company's net current liability position and the current economic situation in the UK and beyond, and with her continued financial support, the director has concluded that she has 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 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.

2.4. 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:
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 33% Straight Line
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 34,770 1,529 36,299
As at 29 February 2024 34,770 1,529 36,299
Depreciation
As at 1 March 2023 29,489 1,145 30,634
Provided during the period 1,320 384 1,704
As at 29 February 2024 30,809 1,529 32,338
Net Book Value
As at 29 February 2024 3,961 - 3,961
As at 1 March 2023 5,281 384 5,665
5. Stock
2024 2023
£ £
Finished goods 2,021 1,346
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,112 2,102
Prepayments and accrued income 333 647
3,445 2,749
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 160 305
Other taxes and social security 1,681 447
Other creditors 207 200
Director's loan account 461,877 380,943
463,925 381,895
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Related Party Transactions
As at 29 February 2024 the company owed the Director,  Ms Lucy Wang,  £461,877 (2023: £380,943).
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