Acorah Software Products - Accounts Production 16.6.950 false true 31 July 2024 1 August 2023 false 1 August 2024 31 July 2025 31 July 2025 04477460 Mrs Karen Christensen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04477460 2024-07-31 04477460 2025-07-31 04477460 2024-08-01 2025-07-31 04477460 frs-core:CurrentFinancialInstruments 2025-07-31 04477460 frs-core:Non-currentFinancialInstruments 2025-07-31 04477460 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-07-31 04477460 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-08-01 2025-07-31 04477460 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-07-31 04477460 frs-core:PlantMachinery 2025-07-31 04477460 frs-core:PlantMachinery 2024-08-01 2025-07-31 04477460 frs-core:PlantMachinery 2024-07-31 04477460 frs-core:ShareCapital 2025-07-31 04477460 frs-core:RetainedEarningsAccumulatedLosses 2025-07-31 04477460 frs-bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 04477460 frs-bus:FilletedAccounts 2024-08-01 2025-07-31 04477460 frs-bus:SmallEntities 2024-08-01 2025-07-31 04477460 frs-bus:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 04477460 frs-bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 04477460 frs-bus:Director1 2024-08-01 2025-07-31 04477460 frs-core:CurrentFinancialInstruments 1 2025-07-31 04477460 frs-core:Non-currentFinancialInstruments 1 2025-07-31 04477460 frs-core:CurrentFinancialInstruments 3 2025-07-31 04477460 frs-countries:EnglandWales 2024-08-01 2025-07-31 04477460 2023-07-31 04477460 2024-07-31 04477460 2023-08-01 2024-07-31 04477460 frs-core:CurrentFinancialInstruments 2024-07-31 04477460 frs-core:Non-currentFinancialInstruments 2024-07-31 04477460 frs-core:ShareCapital 2024-07-31 04477460 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 04477460 frs-core:CurrentFinancialInstruments 1 2024-07-31 04477460 frs-core:Non-currentFinancialInstruments 1 2024-07-31 04477460 frs-core:CurrentFinancialInstruments 3 2024-07-31
Registered number: 04477460
Goodspace Limited
Unaudited Financial Statements
For The Year Ended 31 July 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04477460
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 44,098 54,772
44,098 54,772
CURRENT ASSETS
Stocks 5 29,720 29,650
Debtors 6 179,489 1,652
Cash at bank and in hand 237,961 374,228
447,170 405,530
Creditors: Amounts Falling Due Within One Year 7 (123,203 ) (111,465 )
NET CURRENT ASSETS (LIABILITIES) 323,967 294,065
TOTAL ASSETS LESS CURRENT LIABILITIES 368,065 348,837
Creditors: Amounts Falling Due After More Than One Year 8 (10,524 ) (10,524 )
NET ASSETS 357,541 338,313
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 357,540 338,312
SHAREHOLDERS' FUNDS 357,541 338,313
Page 1
Page 2
For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Mrs Karen Christensen
Director
22/10/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Goodspace Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04477460 . The registered office is Karen Christensen Hair & Beauty, 13 Market Place, Wells, Somerset, BA5 2RF.
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.
2.2. 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.
2.3. 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:
Leasehold 20% reducing balance
Plant & Machinery 20% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 26 (2024: 25)
26 25
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 August 2024 176,107 241,265 417,372
Additions - 350 350
As at 31 July 2025 176,107 241,615 417,722
Depreciation
As at 1 August 2024 144,650 217,950 362,600
Provided during the period 6,291 4,733 11,024
As at 31 July 2025 150,941 222,683 373,624
Net Book Value
As at 31 July 2025 25,166 18,932 44,098
As at 1 August 2024 31,457 23,315 54,772
5. Stocks
2025 2024
£ £
Stock 29,720 29,650
6. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 1,729 1,652
Loan - IJC Properties Ltd 177,760 -
179,489 1,652
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 42,164 18,251
Corporation tax 15,446 41,106
VAT 55,726 49,795
Credit card 617 -
Pensions payable - 1,563
Accruals and deferred income 9,250 750
123,203 111,465
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Deferred tax provision 10,524 10,524
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
Page 5