Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 17 August 2022 false 1 September 2023 31 August 2024 31 August 2024 14302019 Mr Naveen Kapur Mr Ranjinder Singh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14302019 2023-08-31 14302019 2024-08-31 14302019 2023-09-01 2024-08-31 14302019 frs-core:CurrentFinancialInstruments 2024-08-31 14302019 frs-core:MotorVehicles 2024-08-31 14302019 frs-core:MotorVehicles 2023-09-01 2024-08-31 14302019 frs-core:MotorVehicles 2023-08-31 14302019 frs-core:PlantMachinery 2024-08-31 14302019 frs-core:PlantMachinery 2023-09-01 2024-08-31 14302019 frs-core:PlantMachinery 2023-08-31 14302019 frs-core:ShareCapital 2024-08-31 14302019 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 14302019 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 14302019 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 14302019 frs-bus:SmallEntities 2023-09-01 2024-08-31 14302019 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 14302019 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 14302019 frs-bus:Director1 2023-09-01 2024-08-31 14302019 frs-bus:Director1 2023-08-31 14302019 frs-bus:Director1 2024-08-31 14302019 frs-bus:Director2 2023-09-01 2024-08-31 14302019 frs-countries:EnglandWales 2023-09-01 2024-08-31 14302019 2022-08-16 14302019 2023-08-31 14302019 2022-08-17 2023-08-31 14302019 frs-core:CurrentFinancialInstruments 2023-08-31 14302019 frs-core:ShareCapital 2023-08-31 14302019 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 14302019
Flapjax Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
A K B Group Limited
Chartered Certified Accountants
91 Soho Hill
Birmingham
B19 1AY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14302019
31 August 2024 31 August 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 326,653 48,608
326,653 48,608
CURRENT ASSETS
Stocks 5 125,000 130,000
Debtors 6 719,433 891,301
Cash at bank and in hand 1,263,154 755,591
2,107,587 1,776,892
Creditors: Amounts Falling Due Within One Year 7 (1,574,776 ) (1,329,040 )
NET CURRENT ASSETS (LIABILITIES) 532,811 447,852
TOTAL ASSETS LESS CURRENT LIABILITIES 859,464 496,460
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (18,114 ) (12,152 )
NET ASSETS 841,350 484,308
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 841,250 484,208
SHAREHOLDERS' FUNDS 841,350 484,308
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
Mr Naveen Kapur
Director
27/05/2025
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
Flapjax Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14302019 . The registered office is 91 Soho Hill, Birmingham, B19 1AY.
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.
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.
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:
Plant & Machinery 15% on reducing balance
Motor Vehicles 25% on reducing balance
2.4. 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.
2.5. 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
3. Average Number of Employees
Average number of employees, including directors, during the year was: 63 (2023: 60)
63 60
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 September 2023 51,740 - 51,740
Additions 37,412 451,996 489,408
Disposals - (192,951 ) (192,951 )
As at 31 August 2024 89,152 259,045 348,197
Depreciation
As at 1 September 2023 3,132 - 3,132
Provided during the period 9,403 39,708 49,111
Disposals - (30,699 ) (30,699 )
As at 31 August 2024 12,535 9,009 21,544
Net Book Value
As at 31 August 2024 76,617 250,036 326,653
As at 1 September 2023 48,608 - 48,608
5. Stocks
31 August 2024 31 August 2023
£ £
Stock 125,000 130,000
6. Debtors
31 August 2024 31 August 2023
£ £
Due within one year
Trade debtors 581,450 719,664
Other debtors 137,983 171,637
719,433 891,301
7. Creditors: Amounts Falling Due Within One Year
31 August 2024 31 August 2023
£ £
Trade creditors 587,198 654,695
Other creditors 327,201 452,832
Taxation and social security 660,377 221,513
1,574,776 1,329,040
Page 4
Page 5
8. Deferred Taxation
The provision for deferred tax is made up as follows:
31 August 2024 31 August 2023
£ £
Other timing differences 18,114 12,152
9. Share Capital
31 August 2024 31 August 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2023 Amounts advanced Amounts repaid Amounts written off As at 31 August 2024
£ £ £ £ £
Mr Naveen Kapur 59,901 - 59,901 - -
The above loan is unsecured, interest free and repayable on demand.
Page 5