Acorah Software Products - Accounts Production 16.4.675 false true true 31 December 2023 1 January 2023 false 5 August 2025 1 January 2024 31 December 2024 31 December 2024 13411757 Mr Karl Victor Peter Krisiulevicius Mr Charles Anthony Philip Pozzi Fiamma S.P.A true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13411757 2023-12-31 13411757 2024-12-31 13411757 2024-01-01 2024-12-31 13411757 frs-core:CurrentFinancialInstruments 2024-12-31 13411757 frs-core:ComputerEquipment 2024-12-31 13411757 frs-core:ComputerEquipment 2024-01-01 2024-12-31 13411757 frs-core:ComputerEquipment 2023-12-31 13411757 frs-core:ShareCapital 2024-12-31 13411757 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13411757 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13411757 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 13411757 frs-bus:SmallEntities 2024-01-01 2024-12-31 13411757 frs-bus:Audited 2024-01-01 2024-12-31 13411757 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13411757 1 2024-01-01 2024-12-31 13411757 frs-bus:Director1 2024-01-01 2024-12-31 13411757 frs-bus:Director2 2024-01-01 2024-12-31 13411757 frs-countries:EnglandWales 2024-01-01 2024-12-31 13411757 2022-12-31 13411757 2023-12-31 13411757 2023-01-01 2023-12-31 13411757 frs-core:CurrentFinancialInstruments 2023-12-31 13411757 frs-core:ShareCapital 2023-12-31 13411757 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 13411757
Fiamma Inghilterra Limited
Financial Statements
For The Year Ended 31 December 2024
Welltax Limited
20 Fitzroy Square
Fitzrovia
London
W1T 6EJ
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 13411757
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 499 -
499 -
CURRENT ASSETS
Debtors 5 14,836 6,652
Cash at bank and in hand 952,610 721,639
967,446 728,291
Creditors: Amounts Falling Due Within One Year 6 (88,997 ) (80,909 )
NET CURRENT ASSETS (LIABILITIES) 878,449 647,382
TOTAL ASSETS LESS CURRENT LIABILITIES 878,948 647,382
NET ASSETS 878,948 647,382
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 878,848 647,282
SHAREHOLDERS' FUNDS 878,948 647,382
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 Charles Anthony Philip Pozzi
Director
29/07/2025
The notes on pages 2 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Fiamma Inghilterra Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13411757 . The registered office is 20 Fitzroy Square, Fitzrovia, London, W1T 6EJ.
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 have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The Company has assessed the risks and took into account the higher costs for travel and accommodation of commercial personnel, and the potential decrease in revenues from countries affected by the war in Ukraine. In assessing whether the going concern basis is appropriate, the directors have considered current and future plans along with all mitigating measures that might be put in place.
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements and the financial statements do not include any adjustments that would be necessary if the going concern basis was not appropriate.
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.
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.
2.4. 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 33.33% straight line
2.5. 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.
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2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was as follows: 1 (2023: 1)
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 -
Additions 749
As at 31 December 2024 749
Depreciation
As at 1 January 2024 -
Provided during the period 250
As at 31 December 2024 250
Net Book Value
As at 31 December 2024 499
As at 1 January 2024 -
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 254 293
Other debtors 125 15
Amounts owed by group undertakings 14,457 6,344
14,836 6,652
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 76 58
Corporation tax 78,472 72,393
Other taxes and social security 3,516 1,898
Accruals and deferred income 6,933 6,535
Amounts owed to related parties - 25
88,997 80,909
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Ultimate Controlling Party
The company's immediate parent is Fiamma S.P.A , incorporated in Italy, by virtue of its ownership of 100% of the issued share capital in the company. Copies of the group accounts may be obtained from the company directors. There is no controlling party.
9. Audit Information
The auditor's report on the accounts of Fiamma Inghilterra Limited for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Grace Pay (Senior Statutory Auditor) for and on behalf of UHY Ross Brooke , Statutory Auditor.
UHY Ross Brooke
Suite I Windrush Court
Abingdon Business Park
Abingdon
Oxfordshire
OX14 1SY
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