Acorah Software Products - Accounts Production 16.4.675 false true true 31 May 2024 1 June 2023 false 1 June 2024 31 May 2025 31 May 2025 11339423 Mr N Lemmens iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11339423 2024-05-31 11339423 2025-05-31 11339423 2024-06-01 2025-05-31 11339423 frs-core:CurrentFinancialInstruments 2025-05-31 11339423 frs-core:Non-currentFinancialInstruments 2025-05-31 11339423 frs-core:ComputerEquipment 2025-05-31 11339423 frs-core:ComputerEquipment 2024-06-01 2025-05-31 11339423 frs-core:ComputerEquipment 2024-05-31 11339423 frs-core:FurnitureFittings 2025-05-31 11339423 frs-core:FurnitureFittings 2024-06-01 2025-05-31 11339423 frs-core:FurnitureFittings 2024-05-31 11339423 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-05-31 11339423 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-06-01 2025-05-31 11339423 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-05-31 11339423 frs-core:PlantMachinery 2025-05-31 11339423 frs-core:PlantMachinery 2024-06-01 2025-05-31 11339423 frs-core:PlantMachinery 2024-05-31 11339423 frs-core:SharePremium 2025-05-31 11339423 frs-core:ShareCapital 2025-05-31 11339423 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 11339423 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 11339423 frs-bus:FilletedAccounts 2024-06-01 2025-05-31 11339423 frs-bus:SmallEntities 2024-06-01 2025-05-31 11339423 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 11339423 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 11339423 frs-bus:Director1 2024-06-01 2025-05-31 11339423 frs-countries:EnglandWales 2024-06-01 2025-05-31 11339423 2023-05-31 11339423 2024-05-31 11339423 2023-06-01 2024-05-31 11339423 frs-core:CurrentFinancialInstruments 2024-05-31 11339423 frs-core:Non-currentFinancialInstruments 2024-05-31 11339423 frs-core:SharePremium 2024-05-31 11339423 frs-core:ShareCapital 2024-05-31 11339423 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31
Registered number: 11339423
Foamology Limited
Unaudited Financial Statements
For The Year Ended 31 May 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11339423
2025 2024
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 115,933 128,660
115,933 128,660
CURRENT ASSETS
Stocks 6 60,683 45,750
Debtors 7 26,776 24,244
Cash at bank and in hand 10,679 5,890
98,138 75,884
Creditors: Amounts Falling Due Within One Year 8 (33,439 ) (31,997 )
NET CURRENT ASSETS (LIABILITIES) 64,699 43,887
TOTAL ASSETS LESS CURRENT LIABILITIES 180,632 172,547
Creditors: Amounts Falling Due After More Than One Year 9 (102,741 ) (101,606 )
NET ASSETS 77,891 70,941
CAPITAL AND RESERVES
Called up share capital 10 3,684 3,684
Share premium account 315,704 315,704
Profit and Loss Account (241,497 ) (248,447 )
SHAREHOLDERS' FUNDS 77,891 70,941
Page 1
Page 2
For the year ending 31 May 2025 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 his 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 N Lemmens
Director
14/07/2025
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
Foamology Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11339423 . The registered office is Unit 11 The Links Business Centre, Raynham Road, Bishop's Stortford, Essex, CM23 5NZ.
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 directors believe that the company is well-placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the 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 and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Leasehold Over period of lease
Plant & Machinery 20% reducing balance
Fixtures & Fittings 20% straight line
Computer Equipment 33% straight line
During the current financial year, the company has reviewed its accounting policies in accordance with Financial Reporting Standard 102 (FRS 102) Section 1A, with a view to ensuring that its financial statements provide a true and fair value of its financial position and performance. 
As a result of this review, the company has amended its depreciation policy for plant & machinery. Previously, plant & machinery was depreciated on a straight line basis. However, following a reassessment of the economic use of these assets and their residual values, the company has revised the depreciation rates and now adopts a reducing balance method. 
The change has been made to ensure the carrying amounts of fixed assets more accurately reflect their fair value and remaining economic life. This is considered to result in a more reliable and relevant presentation of the company's financial position and performance. 
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.
2.6. Financial Instruments
The company only enters into basic financial statement transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
Page 3
Page 4
4. Prior Period Adjustment
During the year, a review of the classification of liabilities identified that the director's loan, previously presented as a creditor falling due within one year, should have been classified as a creditor falling due after more than one year. 
A prior period adjustment has been made to reclassify the director's loan of £61,273 from creditors falling due within one year to creditors falling due after more than one year. The comparative figures have been restated accordingly. 
There is no impact on the total net assets or profit and loss for the prior year. 
This adjustment provides a more accurate presentation of the company's liabilities. 
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 June 2024 53,114 191,561 2,174 2,255 249,104
Additions 3,465 7,031 2,607 - 13,103
As at 31 May 2025 56,579 198,592 4,781 2,255 262,207
Depreciation
As at 1 June 2024 17,889 99,370 1,691 1,494 120,444
Provided during the period 5,369 19,420 716 325 25,830
As at 31 May 2025 23,258 118,790 2,407 1,819 146,274
Net Book Value
As at 31 May 2025 33,321 79,802 2,374 436 115,933
As at 1 June 2024 35,225 92,191 483 761 128,660
6. Stocks
2025 2024
as restated
£ £
Stock 60,683 45,750
7. Debtors
2025 2024
as restated
£ £
Due within one year
Trade debtors 1,585 -
Other debtors 25,191 24,244
26,776 24,244
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
as restated
£ £
Bank & other loans 9,021 23,914
Other creditors 14,011 2,402
Taxation and social security 10,407 5,681
33,439 31,997
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
as restated
£ £
Other loans 7,506 8,920
Other creditors 95,235 92,686
102,741 101,606
10. Share Capital
2025 2024
as restated
£ £
Allotted, Called up and fully paid 3,684 3,684
11. Related Party Transactions
Included in other creditors is an amount owed to Mr N Lemmens, for which no interest is charged and there is no fixed date for repayment. At the balance sheet date the amount due to Mr N Lemmens was £64,862 (2024 - £61,273).
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