REGISTERED NUMBER: 12164719 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 AUGUST 2025

FOR

DESPACED LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

5

DIRECTOR:

N C Lan Hing Kam

REGISTERED OFFICE:

20 Green Lane

Watford

WD19 4NJ

REGISTERED NUMBER:

12164719 (England and Wales)

ACCOUNTANTS:

Mint Accounting Ltd

63 Dock Street

Dundee

Scotland

DD1 3DU

CURRENT ASSETS

Stocks

106,146

139,702

Debtors

4

69,263

40,052

Cash at bank

540,281

477,800

715,690

657,554

CREDITORS

Amounts falling due within one year

5

91,952

120,419

NET CURRENT ASSETS

623,738

537,135

TOTAL ASSETS LESS CURRENT LIABILITIES

623,738

537,135

CREDITORS

Amounts falling due after more than one year

6

137,750

137,750

NET ASSETS

485,988

399,385

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

485,888

399,285

485,988

399,385

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 May 2026 and were signed by:

N C Lan Hing Kam - Director

1.	STATUTORY INFORMATION

Despaced 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Functional and presentation currency

The financial statements are presented in sterling and this is the functional currency of the company.

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.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title

has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic

benefits associated with the transaction will flow to the company and the costs incurred or to be incurred

in respect of the transition can be measured reliably.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to

complete and sell are derived from the selling price which the goods would fetch in an open market

transaction with established customers less the costs expected to be incurred to enable the sale to

complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are

recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using

the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the

carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in

the same period that the associated revenue is recognised.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.8.25

30.8.24

£

£

Trade debtors

5,676

2,457

Other debtors

63,587

37,595

69,263

40,052

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.8.25

30.8.24

£

£

Trade creditors

60,101

60,732

Taxation and social security

29,397

59,416

Other creditors

2,454

271

91,952

120,419

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.8.25

30.8.24

£

£

Other creditors

137,750

137,750

7.	RELATED PARTY DISCLOSURES

At the balance sheet date the following related party balances subsisted.

Included in long term liabilities - Azure Prism Ltd (a Company with joint control). 2025 Due to Azure Prism Ltd £137,750 (2024 £137,750)

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 August 2025 set out on pages three to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Mint Accounting Ltd

63 Dock Street

Dundee

Scotland

DD1 3DU

29 May 2026