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REGISTERED NUMBER: 05882885 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Florisoft Limited

Florisoft Limited (Registered number: 05882885)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Florisoft Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: M R Bennett
J A Robson
K L Bennett
A R Bennett





SECRETARY: S Bennett





REGISTERED OFFICE: Old House Gardens
Hurworth
DARLINGTON
County Durham
DL2 2JD





REGISTERED NUMBER: 05882885 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Kepier House
Belmont Business Park
Durham
DH1 1TW

Florisoft Limited (Registered number: 05882885)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 247,269 221,274
Tangible assets 5 9,101 12,435
256,370 233,709

CURRENT ASSETS
Debtors 6 23,029 26,873
Cash at bank - 1,601
23,029 28,474
CREDITORS
Amounts falling due within one year 7 (243,523 ) (169,578 )
NET CURRENT LIABILITIES (220,494 ) (141,104 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,876

92,605

CREDITORS
Amounts falling due after more than one
year

8

(84,208

)

(167,343

)

PROVISIONS FOR LIABILITIES 10 - (1,977 )
NET LIABILITIES (48,332 ) (76,715 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings (48,432 ) (76,815 )
SHAREHOLDERS' FUNDS (48,332 ) (76,715 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Florisoft Limited (Registered number: 05882885)

Balance Sheet - continued
31 December 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2025 and were signed on its behalf by:





M R Bennett - Director


Florisoft Limited (Registered number: 05882885)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Florisoft Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The
Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from the standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Going concern
The directors assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors make this assessment in respect of a period of at least one year from the date the financial statements are approved.

The financial statements are prepared on the going concern basis which assumes that the company will continue to trade. If the company is unable to continue to trade, adjustments would be required to reduce the value of assets to their recoverable amounts, to provide for any further liabilities that might arise and to analyse long term liabilities as current liabilities.

Income Recognition
Income is recognised when the conditions contained within a contract for services have been met.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss.


Florisoft Limited (Registered number: 05882885)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Development Computer
costs software Totals
£    £    £   
COST
At 1 January 2024 187,614 82,000 269,614
Additions 55,538 - 55,538
At 31 December 2024 243,152 82,000 325,152
AMORTISATION
At 1 January 2024 15,540 32,800 48,340
Amortisation for year 21,343 8,200 29,543
At 31 December 2024 36,883 41,000 77,883
NET BOOK VALUE
At 31 December 2024 206,269 41,000 247,269
At 31 December 2023 172,074 49,200 221,274

Florisoft Limited (Registered number: 05882885)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024
and 31 December 2024 18,868 2,214 27,048 48,130
DEPRECIATION
At 1 January 2024 8,522 1,651 25,522 35,695
Charge for year 2,587 206 541 3,334
At 31 December 2024 11,109 1,857 26,063 39,029
NET BOOK VALUE
At 31 December 2024 7,759 357 985 9,101
At 31 December 2023 10,346 563 1,526 12,435

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,481 2,260
Other debtors 18,548 24,595
Prepayments and accrued income - 18
23,029 26,873

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 71,698 33,532
Trade creditors 61,781 70,499
Taxation and social security 6,153 6,389
Other creditors 3,589 3,798
Directors' current accounts 98,702 52,010
Accruals and deferred income 1,600 3,350
243,523 169,578

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 66,652 28,880
Bank loans - 2-5 years 17,556 99,908
Bank loans more 5 yr by instal - 38,555
84,208 167,343

Florisoft Limited (Registered number: 05882885)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 38,555

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 146,286 173,107

Loan is secured with a fixed and floating charge over all property or undertaking of the company.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax - 1,977

Deferred
tax
£   
Balance at 1 January 2024 1,977
Accelerated capital allowances (1,977 )
Balance at 31 December 2024 -

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

12. RELATED PARTY DISCLOSURES

2024 2023
£    £   

Amounts owed to directors 98,702 52,010

No interest has been charged