Acorah Software Products - Accounts Production 16.8.200 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 09307996 Miss Paula Bestford Mr Rupert Solis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09307996 2023-12-31 09307996 2024-12-31 09307996 2024-01-01 2024-12-31 09307996 frs-core:CurrentFinancialInstruments 2024-12-31 09307996 frs-core:Non-currentFinancialInstruments 2024-12-31 09307996 frs-core:BetweenOneFiveYears 2024-12-31 09307996 frs-core:ComputerEquipment 2024-12-31 09307996 frs-core:ComputerEquipment 2024-01-01 2024-12-31 09307996 frs-core:ComputerEquipment 2023-12-31 09307996 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 09307996 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 09307996 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 09307996 frs-core:FurnitureFittings 2024-12-31 09307996 frs-core:FurnitureFittings 2024-01-01 2024-12-31 09307996 frs-core:FurnitureFittings 2023-12-31 09307996 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 09307996 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 09307996 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 09307996 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 09307996 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09307996 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 09307996 frs-core:MotorVehicles 2024-12-31 09307996 frs-core:MotorVehicles 2024-01-01 2024-12-31 09307996 frs-core:MotorVehicles 2023-12-31 09307996 frs-core:PlantMachinery 2024-12-31 09307996 frs-core:PlantMachinery 2024-01-01 2024-12-31 09307996 frs-core:PlantMachinery 2023-12-31 09307996 frs-core:WithinOneYear 2024-12-31 09307996 frs-core:ShareCapital 2024-12-31 09307996 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09307996 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09307996 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 09307996 frs-bus:SmallEntities 2024-01-01 2024-12-31 09307996 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09307996 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09307996 frs-bus:Director1 2024-01-01 2024-12-31 09307996 frs-bus:Director1 2023-12-31 09307996 frs-bus:Director1 2024-12-31 09307996 frs-bus:Director2 2024-01-01 2024-12-31 09307996 frs-bus:Director2 2023-12-31 09307996 frs-bus:Director2 2024-12-31 09307996 frs-countries:EnglandWales 2024-01-01 2024-12-31 09307996 2022-12-31 09307996 2023-12-31 09307996 2023-01-01 2023-12-31 09307996 frs-core:CurrentFinancialInstruments 2023-12-31 09307996 frs-core:Non-currentFinancialInstruments 2023-12-31 09307996 frs-core:BetweenOneFiveYears 2023-12-31 09307996 frs-core:WithinOneYear 2023-12-31 09307996 frs-core:ShareCapital 2023-12-31 09307996 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 09307996
Hello Flamingo Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09307996
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,130 2,340
Tangible Assets 5 239,621 308,690
240,751 311,030
CURRENT ASSETS
Stocks 6 60,595 -
Debtors 7 282,691 295,797
Cash at bank and in hand (8 ) 4,280
343,278 300,077
Creditors: Amounts Falling Due Within One Year 8 (419,069 ) (347,081 )
NET CURRENT ASSETS (LIABILITIES) (75,791 ) (47,004 )
TOTAL ASSETS LESS CURRENT LIABILITIES 164,960 264,026
Creditors: Amounts Falling Due After More Than One Year 9 (103,390 ) (209,460 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (54,448 ) (54,448 )
NET ASSETS 7,122 118
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 7,022 18
SHAREHOLDERS' FUNDS 7,122 118
Page 1
Page 2
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
Miss Paula Bestford
Director
Mr Rupert Solis
Director
31/12/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Hello Flamingo Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09307996 . The registered office is D6 Eastside Business Park, Beach Road, Newhaven, BN9 0FB.
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. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
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:
Freehold 5 years straight line
Leasehold 5 years straight line
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 3 years straight line
2.5. 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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2.6. 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.
2.7. 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 year was: 12 (2023: 14)
12 14
4. Intangible Assets
Development Costs
£
Cost
As at 1 January 2024 8,750
As at 31 December 2024 8,750
Amortisation
As at 1 January 2024 6,410
Provided during the period 1,210
As at 31 December 2024 7,620
Net Book Value
As at 31 December 2024 1,130
As at 1 January 2024 2,340
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Page 5
5. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 January 2024 147,933 - 360,321 71,490
As at 31 December 2024 147,933 - 360,321 71,490
Depreciation
As at 1 January 2024 126,166 - 126,742 31,656
Provided during the period - 18,254 35,037 9,959
As at 31 December 2024 126,166 18,254 161,779 41,615
Net Book Value
As at 31 December 2024 21,767 (18,254 ) 198,542 29,875
As at 1 January 2024 21,767 - 233,579 39,834
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 10,997 31,685 622,426
As at 31 December 2024 10,997 31,685 622,426
Depreciation
As at 1 January 2024 5,366 23,806 313,736
Provided during the period 845 4,974 69,069
As at 31 December 2024 6,211 28,780 382,805
Net Book Value
As at 31 December 2024 4,786 2,905 239,621
As at 1 January 2024 5,631 7,879 308,690
6. Stocks
2024 2023
£ £
Stock 60,595 -
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 112,967 195,149
Other debtors 169,724 100,648
282,691 295,797
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 8,765 39,153
Trade creditors 160,331 125,724
Bank loans and overdrafts 153,970 62,224
Other creditors 10,190 39,678
Taxation and social security 85,813 80,302
419,069 347,081
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 14,729 126,604
Bank loans 88,661 82,856
103,390 209,460
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 11,047 39,153
Later than one year and not later than five years 14,729 126,604
25,776 165,757
Less: Finance charges allocated to future periods 2,282 -
23,494 165,757
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Miss Paula Bestford 33,827 66,075 33,827 - 66,075
Mr Rupert Solis 33,826 66,075 33,826 - 66,075
The above loan is unsecured, interest free and repayable on demand.
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