Company Registration No. 07312715 (England and Wales)
Heed Software Limited
Unaudited accounts
for the year ended 31 August 2025
Heed Software Limited
Unaudited accounts
Contents
Heed Software Limited
Company Information
for the year ended 31 August 2025
Company Number
07312715 (England and Wales)
Registered Office
7 Bell Yard
Bell Yard
London
WC2A 2JR
Accountants
Barnes & Scott
86-90 Paul Street
London
EC2A 4NE
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Heed Software Limited for the year ended 31 August 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Heed Software Limited for the year ended
31 August 2025 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Heed Software Limited, as a body, in accordance with the terms of our engagement letter dated 22 March 2015. Our work has been undertaken solely to prepare for your approval the accounts of Heed Software Limited and state those matters that we have agreed to state to the Board of Directors of Heed Software Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Heed Software Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Heed Software Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Heed Software Limited. You consider that Heed Software Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Heed Software Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Barnes & Scott
Chartered Accountants
86-90 Paul Street
London
EC2A 4NE
28 May 2026
Heed Software Limited
Statement of financial position
as at 31 August 2025
Cash at bank and in hand
24,607
161,233
Creditors: amounts falling due within one year
(624,530)
(715,285)
Net current liabilities
(373,242)
(282,644)
Total assets less current liabilities
(369,342)
(282,644)
Creditors: amounts falling due after more than one year
(26,609)
(41,541)
Net liabilities
(395,951)
(324,185)
Called up share capital
101
101
Share premium
49,999
49,999
Profit and loss account
(446,051)
(374,285)
Shareholders' funds
(395,951)
(324,185)
For the year ending 31 August 2025 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 May 2026 and were signed on its behalf by
Ben David Iceton
Director
Company Registration No. 07312715
Heed Software Limited
Notes to the Accounts
for the year ended 31 August 2025
Heed Software Limited is a private company, limited by shares, registered in England and Wales, registration number 07312715. The registered office is 7 Bell Yard , Bell Yard , London, WC2A 2JR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover represents the value, net of VAT and discounts, of work carried out in respect of services provided to customers.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company has net liabilities at the balance sheet date of £395,951. The company's creditors have indicated that they will continue to support the company during this period of growth. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.
Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance
Heed Software Limited
Notes to the Accounts
for the year ended 31 August 2025
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Amounts due from group undertakings etc.
-
63,523
Accrued income and prepayments
252
28,969
Other debtors
224,100
178,916
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
7,559
-
Trade creditors
6,492
6,822
Amounts owed to group undertakings and other participating interests
14,903
-
Taxes and social security
72,839
127,852
Other creditors
31,440
31,440
Loans from directors
-
29,275
Deferred income
483,391
518,700
7
Creditors: amounts falling due after more than one year
2025
2024
Heed Software Limited
Notes to the Accounts
for the year ended 31 August 2025
Allotted, called up and fully paid:
98 Ordinary shares of £1 each
98
98
1 Ordinary A shares of £1 each
1
1
2 Ordinary B shares of £1 each
2
2
Included in debtors is £48,885 (2024: creditors of £29,275) owed by the director of the company.
10
Average number of employees
During the year the average number of employees was 3 (2024: 3).