Acorah Software Products - Accounts Production 16.4.675 false true true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 08769142 O C Idowu D J Moran O C Idowu iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08769142 2023-11-30 08769142 2024-11-30 08769142 2023-12-01 2024-11-30 08769142 frs-core:CurrentFinancialInstruments 2024-11-30 08769142 frs-core:Non-currentFinancialInstruments 2024-11-30 08769142 frs-core:ComputerEquipment 2024-11-30 08769142 frs-core:ComputerEquipment 2023-12-01 2024-11-30 08769142 frs-core:ComputerEquipment 2023-11-30 08769142 frs-core:FurnitureFittings 2024-11-30 08769142 frs-core:FurnitureFittings 2023-12-01 2024-11-30 08769142 frs-core:FurnitureFittings 2023-11-30 08769142 frs-core:PlantMachinery 2024-11-30 08769142 frs-core:PlantMachinery 2023-12-01 2024-11-30 08769142 frs-core:PlantMachinery 2023-11-30 08769142 frs-core:SharePremium 2024-11-30 08769142 frs-core:ShareCapital 2024-11-30 08769142 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 08769142 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 08769142 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 08769142 frs-bus:SmallEntities 2023-12-01 2024-11-30 08769142 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 08769142 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 08769142 frs-bus:Director1 2023-12-01 2024-11-30 08769142 frs-bus:Director2 2023-12-01 2024-11-30 08769142 frs-bus:CompanySecretary1 2023-12-01 2024-11-30 08769142 frs-countries:EnglandWales 2023-12-01 2024-11-30 08769142 2022-11-30 08769142 2023-11-30 08769142 2022-12-01 2023-11-30 08769142 frs-core:CurrentFinancialInstruments 2023-11-30 08769142 frs-core:Non-currentFinancialInstruments 2023-11-30 08769142 frs-core:SharePremium 2023-11-30 08769142 frs-core:ShareCapital 2023-11-30 08769142 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 08769142
Hexislab Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08769142
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 26,094 55,546
26,094 55,546
CURRENT ASSETS
Debtors 5 52,493 14,336
Cash at bank and in hand 17 -
52,510 14,336
Creditors: Amounts Falling Due Within One Year 6 (160,783 ) (152,854 )
NET CURRENT ASSETS (LIABILITIES) (108,273 ) (138,518 )
TOTAL ASSETS LESS CURRENT LIABILITIES (82,179 ) (82,972 )
Creditors: Amounts Falling Due After More Than One Year 7 (156,264 ) (166,857 )
NET LIABILITIES (238,443 ) (249,829 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Share premium account 328,350 328,350
Profit and Loss Account (566,795 ) (578,181 )
SHAREHOLDERS' FUNDS (238,443) (249,829)
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For the year ending 30 November 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
O C Idowu
Director
30/06/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Hexislab Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08769142 . The registered office is The Biosphere Draymans Way, Newcastle Helix, Newcastle Upon Tyne, NE4 5BX.
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.
Functional and Presentational Currency: 
The company's functional and presentational currency is GBP.
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 directors state the company is able to continue trading as a going concern 12 month from the date of signing and will be able to support the company.
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:
Plant & Machinery 33%
Fixtures & Fittings 33%
Computer Equipment 33%
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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 7 (2023: 9)
7 9
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2023 76,736 28,055 10,689 115,480
Additions - - 3,748 3,748
As at 30 November 2024 76,736 28,055 14,437 119,228
Depreciation
As at 1 December 2023 40,005 9,486 10,443 59,934
Provided during the period 25,298 7,779 123 33,200
As at 30 November 2024 65,303 17,265 10,566 93,134
Net Book Value
As at 30 November 2024 11,433 10,790 3,871 26,094
As at 1 December 2023 36,731 18,569 246 55,546
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 31,409 -
Other debtors 21,084 14,336
52,493 14,336
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 45,034 51,219
Bank loans and overdrafts 8,641 10,865
Other loans 29,858 31,509
Other creditors 60,089 57,874
Taxation and social security 17,161 1,387
160,783 152,854
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 156,264 166,857
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Pension Commitments
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £244  (PY £278) were due to the fund. They are included in Other Creditors.
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