METEOR SPACE LTD.

Company Registration Number:
NI040037 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

METEOR SPACE LTD.

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Notes

METEOR SPACE LTD.

Balance sheet

As at 31 December 2022


Notes

2022

2021


£

£
Fixed assets
Tangible assets: 3 1,216,655 545,615
Total fixed assets: 1,216,655 545,615
Current assets
Debtors:   787,538 679,731
Cash at bank and in hand: 477,838 160,786
Total current assets: 1,265,376 840,517
Creditors: amounts falling due within one year:   (1,041,454) (669,787)
Net current assets (liabilities): 223,922 170,730
Total assets less current liabilities: 1,440,577 716,345
Creditors: amounts falling due after more than one year:   (767,058) (260,000)
Provision for liabilities: (49,312) (65,750)
Total net assets (liabilities): 624,207 390,595
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 624,205 390,593
Shareholders funds: 624,207 390,595

The notes form part of these financial statements

METEOR SPACE LTD.

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 13 October 2023
and signed on behalf of the board by:

Name: Eoin Conway
Status: Director

The notes form part of these financial statements

METEOR SPACE LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its useful life.Land and buildings: 2% on costPlant and machinery: 20% on costMotor Vehicles: 20% reducing balanceFixtures and fittings: 15% reducing balanceIT Equipment: 33% on costComputer software: 25% on cost

METEOR SPACE LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2022

2. Employees

2022 2021
Average number of employees during the period 23 20

METEOR SPACE LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible Assets

Total
Cost £
At 01 January 2022 767,867
Additions 825,350
At 31 December 2022 1,593,217
Depreciation
At 01 January 2022 222,252
Charge for year 154,310
At 31 December 2022 376,562
Net book value
At 31 December 2022 1,216,655
At 31 December 2021 545,615

METEOR SPACE LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Financial commitments

The company have financial commitments on hire purchase agreements at 31.12.22 of £17,883.