Caseware UK (AP4) 2021.0.152 2021.0.152 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.22021-01-01falsemanufacture and fittimg of bespoke storage2truetrue 09923356 2021-01-01 2021-12-31 09923356 2020-01-01 2020-12-31 09923356 2021-12-31 09923356 2020-12-31 09923356 c:Director1 2021-01-01 2021-12-31 09923356 d:Buildings d:ShortLeaseholdAssets 2021-01-01 2021-12-31 09923356 d:Buildings d:ShortLeaseholdAssets 2021-12-31 09923356 d:Buildings d:ShortLeaseholdAssets 2020-12-31 09923356 d:PlantMachinery 2021-01-01 2021-12-31 09923356 d:PlantMachinery 2021-12-31 09923356 d:PlantMachinery 2020-12-31 09923356 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 09923356 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2021-01-01 2021-12-31 09923356 d:MotorVehicles 2021-01-01 2021-12-31 09923356 d:MotorVehicles 2021-12-31 09923356 d:MotorVehicles 2020-12-31 09923356 d:MotorVehicles d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 09923356 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2021-01-01 2021-12-31 09923356 d:OfficeEquipment 2021-01-01 2021-12-31 09923356 d:OfficeEquipment 2021-12-31 09923356 d:OfficeEquipment 2020-12-31 09923356 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 09923356 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2021-01-01 2021-12-31 09923356 d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 09923356 d:LeasedAssetsHeldAsLessee 2021-01-01 2021-12-31 09923356 d:CurrentFinancialInstruments 2021-12-31 09923356 d:CurrentFinancialInstruments 2020-12-31 09923356 d:Non-currentFinancialInstruments 2021-12-31 09923356 d:Non-currentFinancialInstruments 2020-12-31 09923356 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 09923356 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 09923356 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 09923356 d:Non-currentFinancialInstruments d:AfterOneYear 2020-12-31 09923356 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2021-12-31 09923356 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2020-12-31 09923356 d:ShareCapital 2021-12-31 09923356 d:ShareCapital 2020-12-31 09923356 d:RetainedEarningsAccumulatedLosses 2021-12-31 09923356 d:RetainedEarningsAccumulatedLosses 2020-12-31 09923356 c:FRS102 2021-01-01 2021-12-31 09923356 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 09923356 c:FullAccounts 2021-01-01 2021-12-31 09923356 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 09923356 d:HirePurchaseContracts d:WithinOneYear 2021-12-31 09923356 d:HirePurchaseContracts d:WithinOneYear 2020-12-31 09923356 d:HirePurchaseContracts d:BetweenOneFiveYears 2021-12-31 09923356 d:HirePurchaseContracts d:BetweenOneFiveYears 2020-12-31 09923356 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2021-12-31 09923356 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2020-12-31 iso4217:GBP xbrli:pure
Registered number: 09923356





 
Space Tidy Ltd          
 
Financial statements          

For the year ended 31 December 2021          

 
Space Tidy Ltd
Registered number:09923356

Balance sheet
As at 31 December 2021


2021

2020
                                                                                  Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
45,900
48,996

Current assets
  

Debtors
 5 
-
162

Cash at bank and in hand
 6 
40,305
18,486

  
40,305
18,648

Creditors: amounts falling due within one year
 7 
(30,476)
(35,418)

Net current assets/(liabilities)
  
 
 
9,829
 
 
(16,770)

Total assets less current liabilities
  
55,729
32,226

Creditors: amounts falling due after more than one year
 8 
(11,110)
(15,411)

Provisions for liabilities
  

Deferred tax
  
(11,475)
(7,623)

Net assets
  
33,144
9,192


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
33,044
9,092

  
33,144
9,192


Page 1

 
Space Tidy Ltd
Registered number:09923356
    
Balance sheet (continued)
As at 31 December 2021

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board; and were signed on its behalf on 10 August 2022.



M Robertson
Director


















The notes on pages 4 to 9 form part of these financial statements.
Page 2

 
Space Tidy Ltd
Registered number:09923356
    
Balance sheet (continued)
As at 31 December 2021


Page 3

 
Space Tidy Ltd
 
 
Notes to the financial statements
For the year ended 31 December 2021

1.


General information

Space Tidy Ltd is a private company limited by shares, incorporated in England and Wales. Its registered office is 19 Merlin Way, Wickford, Essex, United Kingdom, SS11 7HB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
Space Tidy Ltd
 
 
Notes to the financial statements
For the year ended 31 December 2021

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using both a reducing balance and straight line basis..

Depreciation is provided at the following rates:

Plant and machinery
-
15%
reducing balance
Motor vehicles
-
25%
reducing balance
Office equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
Space Tidy Ltd
 
 
Notes to the financial statements
For the year ended 31 December 2021

2.Accounting policies (continued)

 
2.11

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.13

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2020 - 2).

Page 6

 
Space Tidy Ltd
 
 
Notes to the financial statements
For the year ended 31 December 2021

4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost 


At 1 January 2021
7,070
15,624
40,034
2,216
64,944


Additions
-
14,296
-
-
14,296


Disposals
(7,070)
-
-
-
(7,070)



At 31 December 2021

-
29,920
40,034
2,216
72,170



Depreciation


At 1 January 2021
-
5,218
9,179
1,551
15,948


Charge for the year on owned assets
-
2,066
1,755
543
4,364


Charge for the year on financed assets
-
-
5,958
-
5,958



At 31 December 2021

-
7,284
16,892
2,094
26,270



Net book value



At 31 December 2021
-
22,636
23,142
122
45,900



At 31 December 2020
7,070
10,406
30,855
665
48,996

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2021
2020
£
£



Motor vehicles
17,875
23,833

Page 7

 
Space Tidy Ltd
 
 
Notes to the financial statements
For the year ended 31 December 2021

5.


Debtors

2021
2020
£
£


Other debtors
-
162



6.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
40,306
18,486



7.


Creditors: Amounts falling due within one year

2021
2020
£
£

Bank loans
261
20,131

Corporation tax
12,721
-

Other taxation and social security
11,056
8,686

Obligations under finance lease and hire purchase contracts
4,040
4,040

Other creditors
298
111

Accruals and deferred income
2,100
2,450

30,476
35,418



8.


Creditors: Amounts falling due after more than one year

2021
2020
£
£

Bank loans
-
261

Net obligations under finance leases and hire purchase contracts
11,110
15,150

11,110
15,411


Page 8

 
Space Tidy Ltd
 
 
Notes to the financial statements
For the year ended 31 December 2021

9.


Loans


Analysis of the maturity of loans is given below:


2021
2020
£
£

Amounts falling due within one year

Bank loans
261
20,131

Amounts falling due 1-2 years

Bank loans
-
261



261
20,392



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2021
2020
£
£


Within one year
4,040
4,040

Between 1-5 years
11,110
15,150

15,150
19,190

 
Page 9