Acorah Software Products - Accounts Production 16.2.850 false true 31 March 2023 1 April 2022 false 1 April 2023 31 December 2023 31 December 2023 13089355 Mr Kevin Ellis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13089355 2023-03-31 13089355 2023-12-31 13089355 2023-04-01 2023-12-31 13089355 frs-core:CurrentFinancialInstruments 2023-12-31 13089355 frs-core:ComputerEquipment 2023-12-31 13089355 frs-core:ComputerEquipment 2023-04-01 2023-12-31 13089355 frs-core:ComputerEquipment 2023-03-31 13089355 frs-core:FurnitureFittings 2023-12-31 13089355 frs-core:FurnitureFittings 2023-04-01 2023-12-31 13089355 frs-core:FurnitureFittings 2023-03-31 13089355 frs-core:ShareCapital 2023-12-31 13089355 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13089355 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2023-12-31 13089355 frs-bus:FilletedAccounts 2023-04-01 2023-12-31 13089355 frs-bus:SmallEntities 2023-04-01 2023-12-31 13089355 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2023-12-31 13089355 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2023-12-31 13089355 frs-bus:Director1 2023-04-01 2023-12-31 13089355 frs-countries:EnglandWales 2023-04-01 2023-12-31 13089355 2022-03-31 13089355 2023-03-31 13089355 2022-04-01 2023-03-31 13089355 frs-core:CurrentFinancialInstruments 2023-03-31 13089355 frs-core:ShareCapital 2023-03-31 13089355 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 13089355
Bluespace Media Limited
Unaudited Financial Statements
For the Period 1 April 2023 to 31 December 2023
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 13089355
31 December 2023 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,357 3,949
3,357 3,949
CURRENT ASSETS
Debtors 5 47,998 55,589
Cash at bank and in hand 148 848
48,146 56,437
Creditors: Amounts Falling Due Within One Year 6 (51,764 ) (60,077 )
NET CURRENT ASSETS (LIABILITIES) (3,618 ) (3,640 )
TOTAL ASSETS LESS CURRENT LIABILITIES (261 ) 309
NET (LIABILITIES)/ASSETS (261 ) 309
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (361 ) 209
SHAREHOLDERS' FUNDS (261) 309
For the period ending 31 December 2023 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 Kevin Ellis
Director
16 April 2025
The notes on pages 2 to 4 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Bluespace Media Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13089355 . The registered office is Pilgrim Suite, Ketteringham Hall, Church Road,, Ketteringham,, Wymondham, Norfolk, NR18 9RS.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Fixtures & Fittings 15% Reducing Balance
Computer Equipment 15% Reducing Balance
2.4. Financial Instruments
A financial asset or a financial liability is only recognised when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount of receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost.
2.5. 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 period, 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.
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2.6. 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.
2.7. Impairment
At each reporting date, goodwill and other tangible fixed assets and investments but excluding investment properties, are assessed to determine whether there is an indication that the carrying amount of an asset may be more than its recoverable amount and that the asset should be impaired. If there is an indication of possible impairment, the recoverable amount of an asset, which is the higher of its value in use and its net realisable value, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is written down to its estimated recoverable amount and an impairment loss is recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 3 (2023: 4)
3 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 3,552 1,279 4,831
As at 31 December 2023 3,552 1,279 4,831
Depreciation
As at 1 April 2023 565 317 882
Provided during the period 448 144 592
As at 31 December 2023 1,013 461 1,474
Net Book Value
As at 31 December 2023 2,539 818 3,357
As at 1 April 2023 2,987 962 3,949
5. Debtors
31 December 2023 31 March 2023
£ £
Due within one year
Trade debtors 8,071 17,608
Prepayments and accrued income - 4,704
Other debtors 39,927 33,277
47,998 55,589
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6. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 March 2023
£ £
Trade creditors 12,163 12,041
Bank loans and overdrafts 9,169 13,485
Other loans 3,000 3,000
Corporation tax 16,215 13,340
Other taxes and social security 9,798 5,420
VAT - 11,323
Other creditors 69 118
Accruals and deferred income 1,350 1,350
51,764 60,077
7. Share Capital
31 December 2023 31 March 2023
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
As at 31 December 2023 a balance of £39,927 (31 March 2023: £33,277) was owed to Bluespace Media Limited from Bluespace Media Group Limited of which Bluespace Media Limited is a subsidiary. No interest has been charged on the loan. 
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