Acorah Software Products - Accounts Production 16.3.350 false true 29 February 2024 1 March 2023 false 1 March 2024 30 April 2025 30 April 2025 11823269 Mr E Samuels iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11823269 2024-02-29 11823269 2025-04-30 11823269 2024-03-01 2025-04-30 11823269 frs-core:CurrentFinancialInstruments 2025-04-30 11823269 frs-core:Non-currentFinancialInstruments 2025-04-30 11823269 frs-core:ComputerEquipment 2025-04-30 11823269 frs-core:ComputerEquipment 2024-03-01 2025-04-30 11823269 frs-core:ComputerEquipment 2024-02-29 11823269 frs-core:FurnitureFittings 2025-04-30 11823269 frs-core:FurnitureFittings 2024-03-01 2025-04-30 11823269 frs-core:FurnitureFittings 2024-02-29 11823269 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-01 2025-04-30 11823269 frs-core:PlantMachinery 2024-03-01 2025-04-30 11823269 frs-core:ShareCapital 2025-04-30 11823269 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 11823269 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-04-30 11823269 frs-bus:FilletedAccounts 2024-03-01 2025-04-30 11823269 frs-bus:SmallEntities 2024-03-01 2025-04-30 11823269 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-04-30 11823269 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-04-30 11823269 frs-bus:Director1 2024-03-01 2025-04-30 11823269 frs-countries:EnglandWales 2024-03-01 2025-04-30 11823269 2023-02-28 11823269 2024-02-29 11823269 2023-03-01 2024-02-29 11823269 frs-core:CurrentFinancialInstruments 2024-02-29 11823269 frs-core:Non-currentFinancialInstruments 2024-02-29 11823269 frs-core:ShareCapital 2024-02-29 11823269 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 11823269
Spaces By Hexagon Ltd
Unaudited Financial Statements
For the Period 1 March 2024 to 30 April 2025
Elevate Professional Ltd T/A Elevate Accountancy
Unit 5 Marlborough Road
Wrexham Industrial Estate
Wrexham
LL13 9RJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11823269
30 April 2025 29 February 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,156 2,188
Investment Properties 5 255,000 252,000
256,156 254,188
CURRENT ASSETS
Debtors 6 41,435 44,045
Cash at bank and in hand 10,306 8,184
51,741 52,229
Creditors: Amounts Falling Due Within One Year 7 (40,494 ) (38,570 )
NET CURRENT ASSETS (LIABILITIES) 11,247 13,659
TOTAL ASSETS LESS CURRENT LIABILITIES 267,403 267,847
Creditors: Amounts Falling Due After More Than One Year 8 (197,534 ) (198,087 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (20,463 ) (20,463 )
NET ASSETS 49,406 49,297
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 49,405 49,296
SHAREHOLDERS' FUNDS 49,406 49,297
Page 1
Page 2
For the period ending 30 April 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 E Samuels
Director
30/06/2025
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
Spaces By Hexagon Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11823269 . The registered office is Unit 5 Marlborough Road, Wrexham Industrial Estate, Wrexham, LL13 9RJ.
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 no depreciation charged
Plant & Machinery no depreciation charged
Fixtures & Fittings 18% straight line
Computer Equipment 18% straight line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL (2024: NIL)
- -
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost or Valuation
As at 1 March 2024 4,286 1,449 5,735
As at 30 April 2025 4,286 1,449 5,735
Depreciation
As at 1 March 2024 3,286 261 3,547
Provided during the period 771 261 1,032
As at 30 April 2025 4,057 522 4,579
Net Book Value
As at 30 April 2025 229 927 1,156
As at 1 March 2024 1,000 1,188 2,188
5. Investment Property
30 April 2025
£
Fair Value
As at 1 March 2024 252,000
Fair value adjustments 3,000
As at 30 April 2025 255,000
6. Debtors
30 April 2025 29 February 2024
£ £
Due within one year
Prepayments and accrued income 325 325
Amounts owed by associates 41,110 43,720
41,435 44,045
7. Creditors: Amounts Falling Due Within One Year
30 April 2025 29 February 2024
£ £
Bank loans and overdrafts 4,935 4,813
Other creditors 2,850 2,883
Accruals and deferred income - 10,267
Director's loan account 32,709 20,607
40,494 38,570
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
30 April 2025 29 February 2024
£ £
Bank loans 197,534 198,087
9. Share Capital
30 April 2025 29 February 2024
£ £
Allotted, Called up and fully paid 1 1
Page 5