Boldspace Group Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12472314

Boldspace Group Limited

Filleted Unaudited Financial Statements

31 March 2026

Boldspace Group Limited

Financial Statements

Year ended 31 March 2026

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Boldspace Group Limited

Statement of Financial Position

31 March 2026

	2026	2025
Note	£	£

Fixed assets

Intangible assets	5	828,284	632,092
Tangible assets	6	44,560	71,818
		---------	---------
		872,844	703,910

Current assets

Debtors	7	991,531	1,058,556
Cash at bank and in hand		218,265	32,933
		------------	------------
		1,209,796	1,091,489

Creditors: amounts falling due within one year	8	1,154,317	904,148
		------------	------------
Net current assets		55,479	187,341
		---------	---------
Total assets less current liabilities		928,323	891,251

Creditors: amounts falling due after more than one year	9	336,810	229,132
		---------	---------
Net assets		591,513	662,119
		---------	---------

Capital and reserves

Called up share capital	3	3
Share premium account	506,742	506,742
Profit and loss account	84,768	155,374
	---------	---------
Shareholders funds	591,513	662,119
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Boldspace Group Limited

Statement of Financial Position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 15 July 2026 , and are signed on behalf of the board by:

Mr M N Robb

Director

Company registration number: 12472314

Boldspace Group Limited

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4th Floor, National House, 60-66 Wardour Street, London, W1F 0TA, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

These accounts have been prepared on a going concern basis. The directors are satisfied that the company will continue to meet its current obligations for at least the next 12 months.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. For the rendering of services, revenue is recognised when the services are transferred. When the outcome of a transaction can be estimated reliably, revenue is recognised based on the stage of completion of the transaction at the end of the reporting period. If the outcome of the transaction involving the rendering of services cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered

Income tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Intangibles	-	25% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% straight line
Office equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. 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 profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 62 (2025: 41 ).

5. Intangible assets

	Intangibles	Digital assets	Total
	£	£	£
Cost
At 1 April 2025	2,225,845	8,000	2,233,845
Additions	–	–	–
Additions from internal developments	944,672	–	944,672
	------------	-------	------------
At 31 March 2026	3,170,517	8,000	3,178,517
	------------	-------	------------
Amortisation
At 1 April 2025	1,601,753	–	1,601,753
Charge for the year	748,480	–	748,480
	------------	-------	------------
At 31 March 2026	2,350,233	–	2,350,233
	------------	-------	------------
Carrying amount
At 31 March 2026	820,284	8,000	828,284
	------------	-------	------------
At 31 March 2025	624,092	8,000	632,092
	------------	-------	------------

6. Tangible assets

	Plant and machinery	Office equipment	Total
	£	£	£
Cost
At 1 April 2025	3,106	160,576	163,682
Additions	–	9,812	9,812
Disposals	–	( 45,194)	( 45,194)
	-------	---------	---------
At 31 March 2026	3,106	125,194	128,300
	-------	---------	---------
Depreciation
At 1 April 2025	1,488	90,376	91,864
Charge for the year	777	36,293	37,070
Disposals	–	( 45,194)	( 45,194)
	-------	---------	---------
At 31 March 2026	2,265	81,475	83,740
	-------	---------	---------
Carrying amount
At 31 March 2026	841	43,719	44,560
	-------	---------	---------
At 31 March 2025	1,618	70,200	71,818
	-------	---------	---------

7. Debtors

	2026	2025
	£	£
Trade debtors	646,141	823,690
Other debtors	345,390	234,866
	---------	------------
	991,531	1,058,556
	---------	------------

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	175,500	263,691
Trade creditors	253,324	156,217
Social security and other taxes	235,336	142,077
Other creditors	490,157	342,163
	------------	---------
	1,154,317	904,148
	------------	---------

At the balance sheet date, Barclays Security Trustee Limited hold a fixed and floating charge over the property or undertakings of the company.

9. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	336,810	229,132
	---------	---------