Company Registration No. 09491220 (England and Wales)
Space Above Limited
Unaudited accounts
for the year ended 31 March 2023
Space Above Limited
Unaudited accounts
Contents
Space Above Limited
Company Information
for the year ended 31 March 2023
Company Number
09491220 (England and Wales)
Registered Office
17 Westfield Raod
Dunstable
Bedfordshire
LU6 1DN
Space Above Limited
Statement of financial position
as at 31 March 2023
Tangible assets
1,930
2,412
Cash at bank and in hand
1,793
10,948
Creditors: amounts falling due within one year
(34,803)
(32,935)
Net current liabilities
(33,010)
(21,987)
Total assets less current liabilities
(31,080)
(19,575)
Creditors: amounts falling due after more than one year
(12,230)
(33,959)
Net liabilities
(43,310)
(53,534)
Called up share capital
1
1
Profit and loss account
(43,311)
(53,535)
Shareholders' funds
(43,310)
(53,534)
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 October 2023 and were signed on its behalf by
Gezim Matoshi
Director
Company Registration No. 09491220
Space Above Limited
Notes to the Accounts
for the year ended 31 March 2023
Space Above Limited is a private company, limited by shares, registered in England and Wales, registration number 09491220. The registered office is 17 Westfield Raod, Dunstable, Bedfordshire, LU6 1DN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Computer equipment
33% Straight Line
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
11,500
700
12,200
At 31 March 2023
11,500
700
12,200
At 1 April 2022
9,088
700
9,788
Charge for the year
482
-
482
At 31 March 2023
9,570
700
10,270
At 31 March 2023
1,930
-
1,930
At 31 March 2022
2,412
-
2,412
Space Above Limited
Notes to the Accounts
for the year ended 31 March 2023
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
9,556
9,556
Taxes and social security
11,629
23,379
Loans from directors
12,218
-
6
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).