REGISTERED NUMBER: 01113964 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HEXAGON (SOFTWARE) GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T. P. Mainstone

M. P. Hill

SECRETARY:

T. P. Mainstone

REGISTERED OFFICE:

Unit 8

Highnam Business Centre

Newent Road

Highnam

Gloucestershire

GL2 8DN

REGISTERED NUMBER:

01113964 (England and Wales)

ACCOUNTANTS:

Dafferns LLP

Chartered Accountants

One Eastwood

Harry Weston Road

Binley Business Park

Coventry

CV3 2UB

FIXED ASSETS

Tangible assets

5

4,276

5,754

CURRENT ASSETS

Stocks

41,546

64,296

Debtors

6

1,262,927

1,229,520

Cash at bank

474,081

199,519

1,778,554

1,493,335

CREDITORS

Amounts falling due within one year

7

978,370

886,357

NET CURRENT ASSETS

800,184

606,978

TOTAL ASSETS LESS CURRENT LIABILITIES

804,460

612,732

CREDITORS

Amounts falling due after more than one year

8

93,333

163,333

NET ASSETS

711,127

449,399

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

710,127

448,399

SHAREHOLDERS' FUNDS

711,127

449,399

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

T. P. Mainstone - Director

1.	STATUTORY INFORMATION

Hexagon (Software) Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced goods and services, excluding value added tax. Income from licences and maintenance is recognised in the period to which it relates.

Tangible fixed assets

Tangible fixed assets are recognised at cost and subsequently measured under the historical cost

model being cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes any direct expenditure incurred to bring the asset to its current location and condition necessary for the asset to work as intended by management.

Repairs and maintenance costs are charged to the Statement of Comprehensive Income in the period in which they are incurred.

Depreciation is provided at the following annual rates in order to write off the cost of each asset over its estimated useful life.

Fixture and Fittings

25% Reducing balance

Computer Equipment

25% Reducing balance

Any gains and losses on the disposal of tangible fixed assets are recognised in the Statement of Comprehensive Income in the year that the disposal takes place

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Statement of Comprehensive Income, in administrative expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in theIncome Statement Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

6,507

23,622

30,129

DEPRECIATION

At 1 January 2024

5,801

18,574

24,375

Charge for year

215

1,263

1,478

At 31 December 2024

6,016

19,837

25,853

NET BOOK VALUE

At 31 December 2024

491

3,785

4,276

At 31 December 2023

706

5,048

5,754

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

162,975

128,360

Amounts owed by group undertakings

298,750

298,750

Amounts owed by associates

786,644

774,810

Prepayments and accrued income

14,558

27,600

1,262,927

1,229,520

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Maintenance contracts in advance

554,005

512,112

Trade creditors

281,655

259,849

Taxation and social security

53,961

41,953

Other creditors

88,749

72,443

978,370

886,357

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

93,333

163,333

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,000

Ordinary

£1

1,000

1,000

10.	RELATED PARTY DISCLOSURES

At the year end, a balance was due to the Company, from an associated company under common control, amounted to £786,664 (2024: £774,810). No interest has been charged on this balance.

Management charges were paid by the Company, to an associated company under common control, amounted to £360,000 (2043: £330,000).

All of these transactions were on an arm's length basis.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Hexagon Software Solutions Limited.