Acorah Software Products - Accounts Production 16.2.850 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 10335520 Mrs Melissa Berry Mr James Armstrong iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10335520 2023-08-31 10335520 2024-08-31 10335520 2023-09-01 2024-08-31 10335520 frs-core:CurrentFinancialInstruments 2024-08-31 10335520 frs-core:ComputerEquipment 2024-08-31 10335520 frs-core:ComputerEquipment 2023-09-01 2024-08-31 10335520 frs-core:ComputerEquipment 2023-08-31 10335520 frs-core:ShareCapital 2024-08-31 10335520 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 10335520 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10335520 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 10335520 frs-bus:SmallEntities 2023-09-01 2024-08-31 10335520 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10335520 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10335520 frs-bus:Director1 2023-09-01 2024-08-31 10335520 frs-bus:Director2 2023-09-01 2024-08-31 10335520 frs-countries:EnglandWales 2023-09-01 2024-08-31 10335520 2022-08-31 10335520 2023-08-31 10335520 2022-09-01 2023-08-31 10335520 frs-core:CurrentFinancialInstruments 2023-08-31 10335520 frs-core:ShareCapital 2023-08-31 10335520 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 10335520
Social Firefly Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
MAP ACCOUNTANTS LTD
16 Blackfriars Street
Manchester
M3 5BQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10335520
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,010 1,571
1,010 1,571
CURRENT ASSETS
Debtors 5 39,169 75,304
Cash at bank and in hand 63,444 79,589
102,613 154,893
Creditors: Amounts Falling Due Within One Year 6 (77,082 ) (122,583 )
NET CURRENT ASSETS (LIABILITIES) 25,531 32,310
TOTAL ASSETS LESS CURRENT LIABILITIES 26,541 33,881
PROVISIONS FOR LIABILITIES
Deferred Taxation (253 ) (603 )
NET ASSETS 26,288 33,278
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 26,286 33,276
SHAREHOLDERS' FUNDS 26,288 33,278
Page 1
Page 2
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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
Mrs Melissa Berry
Director
Mr James Armstrong
Director
22nd April 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Social Firefly Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10335520 . The registered office is York And Elder Works, 50 New England St, Brighton And Hove, Brighton, BN1 4AW.
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. 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.
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.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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% Straight Line
2.4. 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.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 September 2023 4,589
Additions 505
As at 31 August 2024 5,094
Depreciation
As at 1 September 2023 3,018
Provided during the period 1,066
As at 31 August 2024 4,084
Net Book Value
As at 31 August 2024 1,010
As at 1 September 2023 1,571
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 34,091 71,347
Prepayments and accrued income 5,078 3,957
39,169 75,304
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 957 344
Corporation tax 17,641 23,995
Other taxes and social security 2,414 907
VAT 5,029 10,880
Net wages 392 248
Other creditors 4,057 13,384
Accruals and deferred income 46,021 68,394
Directors' loan accounts 571 4,431
77,082 122,583
Page 4
Page 5
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5