Acorah Software Products - Accounts Production 16.3.350 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 13286345 Mr Alastair Alderton Mrs Amy Ford Mr Pablo Mulet iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13286345 2023-12-31 13286345 2024-12-31 13286345 2024-01-01 2024-12-31 13286345 frs-core:CurrentFinancialInstruments 2024-12-31 13286345 frs-core:ComputerEquipment 2024-12-31 13286345 frs-core:ComputerEquipment 2024-01-01 2024-12-31 13286345 frs-core:ComputerEquipment 2023-12-31 13286345 frs-core:ShareCapital 2024-12-31 13286345 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13286345 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13286345 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 13286345 frs-bus:SmallEntities 2024-01-01 2024-12-31 13286345 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13286345 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13286345 frs-bus:Director1 2024-01-01 2024-12-31 13286345 frs-bus:Director2 2024-01-01 2024-12-31 13286345 frs-bus:Director3 2024-01-01 2024-12-31 13286345 frs-countries:EnglandWales 2024-01-01 2024-12-31 13286345 2022-12-31 13286345 2023-12-31 13286345 2023-01-01 2023-12-31 13286345 frs-core:CurrentFinancialInstruments 2023-12-31 13286345 frs-core:ShareCapital 2023-12-31 13286345 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 13286345
Hello Sunday Ventures Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13286345
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,402 687
1,402 687
CURRENT ASSETS
Stocks 5 95,436 80,935
Debtors 6 227,031 202,962
Cash at bank and in hand 11,942 88,467
334,409 372,364
Creditors: Amounts Falling Due Within One Year 7 (319,650 ) (832,199 )
NET CURRENT ASSETS (LIABILITIES) 14,759 (459,835 )
TOTAL ASSETS LESS CURRENT LIABILITIES 16,161 (459,148 )
NET ASSETS/(LIABILITIES) 16,161 (459,148 )
CAPITAL AND RESERVES
Called up share capital 8 852,509 100
Profit and Loss Account (836,348 ) (459,248 )
SHAREHOLDERS' FUNDS 16,161 (459,148)
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For the year ending 31 December 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 Amy Ford
Director
24 June 2025
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
Hello Sunday Ventures Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13286345 . The registered office is 3 Atlas House, West Devon Business Park, Tavistock, Devon, PL19 9DP.
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 financial statements have been prepared on a going concern basis, which the directors consider to be appropriate.
The company has historically relied on financial support from its ultimate parent undertaking, Hello Sunday Ventures Spain Limited, which is incorporated in Spain. During the year, the parent company has reaffirmed its commitment to supporting the company, including through the capitalisation of intercompany debt, thereby strengthening the company's balance sheet and improving its liquidity position.
As part of their assessment of going concern, the directors have considered the company’s current cash position, projected cash flows, and the continued support from the parent company. Formal confirmation of this ongoing support has been received, and the directors are confident that the parent will provide the financial assistance necessary for the company to meet its obligations as they fall due for a period of at least twelve months from the date of approval of the financial statements.
Accordingly, the directors believe that it is appropriate to prepare the financial statements on a going concern basis.
2.3. Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of
services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns,
rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
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:
Computer Equipment 3 years straight line
2.5. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined
using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour
costs and those overheads that have been incurred in bringing the inventories to their present location and condition.
At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to
its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
2.6. Foreign Currencies
Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the
transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective
functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at
fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is
re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
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2.7. Taxation
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a
change attributable to an item of income or expense recognised as other comprehensive income is also recognised
directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or
substantively enacted by the reporting date in the countries where the company operates and generates taxable
income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the
financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered
against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the
reporting date and that are expected to apply to the reversal of the timing difference.
2.8. Debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of
business.
Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the
effective interest method, less provision for impairment. A provision for the impairment of trade debtors is
established when there is objective evidence that the company will not be able to collect all amounts due according
to the original terms of the receivables.
2.9. Creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Creditors are classified as current liabilities if the company does not have an unconditional
right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the
reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting
date, they are presented as non-current liabilities.
Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the
effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 5)
4 5
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 2,061
Additions 1,913
As at 31 December 2024 3,974
Depreciation
As at 1 January 2024 1,374
Provided during the period 1,198
As at 31 December 2024 2,572
Net Book Value
As at 31 December 2024 1,402
As at 1 January 2024 687
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5. Stocks
2024 2023
£ £
Stock 95,436 80,935
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 205,579 199,968
Other debtors 21,452 2,994
227,031 202,962
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 175,395 744,615
Other creditors 87,910 19,574
Taxation and social security 56,345 68,010
319,650 832,199
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 852,509 100
9. Related Party Transactions
During the year, the company purchased inventory amounting to £530,953 from Hello Sunday Ventures SL, a related party incorporated in Spain. 
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