Acorah Software Products - Accounts Production 16.5.460 false true 31 August 2024 1 September 2023 false 1 September 2024 31 August 2025 31 August 2025 07353410 Mr Robert Aston Mr Raymond Booth iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07353410 2024-08-31 07353410 2025-08-31 07353410 2024-09-01 2025-08-31 07353410 frs-core:CurrentFinancialInstruments 2025-08-31 07353410 frs-core:Non-currentFinancialInstruments 2025-08-31 07353410 frs-core:ComputerEquipment 2025-08-31 07353410 frs-core:ComputerEquipment 2024-09-01 2025-08-31 07353410 frs-core:ComputerEquipment 2024-08-31 07353410 frs-core:FurnitureFittings 2025-08-31 07353410 frs-core:FurnitureFittings 2024-09-01 2025-08-31 07353410 frs-core:FurnitureFittings 2024-08-31 07353410 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-09-01 2025-08-31 07353410 frs-core:PlantMachinery 2025-08-31 07353410 frs-core:PlantMachinery 2024-09-01 2025-08-31 07353410 frs-core:PlantMachinery 2024-08-31 07353410 frs-core:ShareCapital 2025-08-31 07353410 frs-core:RetainedEarningsAccumulatedLosses 2025-08-31 07353410 frs-bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 07353410 frs-bus:FilletedAccounts 2024-09-01 2025-08-31 07353410 frs-bus:SmallEntities 2024-09-01 2025-08-31 07353410 frs-bus:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 07353410 frs-bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 07353410 frs-bus:Director1 2024-09-01 2025-08-31 07353410 frs-bus:Director2 2024-09-01 2025-08-31 07353410 frs-core:CurrentFinancialInstruments 1 2025-08-31 07353410 frs-countries:EnglandWales 2024-09-01 2025-08-31 07353410 2023-08-31 07353410 2024-08-31 07353410 2023-09-01 2024-08-31 07353410 frs-core:CurrentFinancialInstruments 2024-08-31 07353410 frs-core:Non-currentFinancialInstruments 2024-08-31 07353410 frs-core:WithinOneYear 2024-08-31 07353410 frs-core:ShareCapital 2024-08-31 07353410 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 07353410 frs-core:CurrentFinancialInstruments 1 2024-08-31
Registered number: 07353410
The Flashings Factory Limited
Unaudited Financial Statements
For The Year Ended 31 August 2025
TAG Accountants Group Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07353410
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 159,295 143,042
159,295 143,042
CURRENT ASSETS
Stocks 5 41,292 49,514
Debtors 6 186,758 242,020
Cash at bank and in hand 105,788 129,483
333,838 421,017
Creditors: Amounts Falling Due Within One Year 7 (309,594 ) (409,546 )
NET CURRENT ASSETS (LIABILITIES) 24,244 11,471
TOTAL ASSETS LESS CURRENT LIABILITIES 183,539 154,513
Creditors: Amounts Falling Due After More Than One Year 8 - (8,334 )
NET ASSETS 183,539 146,179
CAPITAL AND RESERVES
Called up share capital 10 80,000 80,000
Profit and Loss Account 103,539 66,179
SHAREHOLDERS' FUNDS 183,539 146,179
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For the year ending 31 August 2025 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 Raymond Booth
Director
20th October 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
The Flashings Factory Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07353410 . The registered office is Unit 2 Bentley Mill Industrial Estate, Longmore Avenue Bentley, Walsall, West Midlands, WS2 0BW.
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:
Leasehold 20% on Cost
Plant & Machinery 15% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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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. 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.
2.7. 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.
2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2024: 8)
8 8
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2024 250,554 1,449 16,523 268,526
Additions 45,390 5,030 3,995 54,415
Disposals (16,500 ) - - (16,500 )
As at 31 August 2025 279,444 6,479 20,518 306,441
Depreciation
As at 1 September 2024 114,897 954 9,633 125,484
Provided during the period 20,762 321 2,051 23,134
Disposals (1,472 ) - - (1,472 )
As at 31 August 2025 134,187 1,275 11,684 147,146
Net Book Value
As at 31 August 2025 145,257 5,204 8,834 159,295
As at 1 September 2024 135,657 495 6,890 143,042
5. Stocks
2025 2024
£ £
Finished goods 38,422 42,741
Work in progress 2,870 6,773
41,292 49,514
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 184,199 210,950
Prepayments and accrued income 418 28,243
Other debtors 648 648
S455 Corp Tax Debtor 1,493 2,179
186,758 242,020
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 6,875
Trade creditors 180,390 243,008
Bank loans and overdrafts - 10,000
Corporation tax 14,255 7,615
Other taxes and social security 10,198 5,396
VAT 34,965 23,128
Other creditors 3,206 48,774
Accruals and deferred income 22,048 30,350
Directors' loan accounts 44,532 34,400
309,594 409,546
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 8,334
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 6,875
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 80,000 80,000
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