1 April 2022 false No description of principal activity Taxfiler 2023.10 10680135business:PrivateLimitedCompanyLtd2022-04-012023-03-31 106801352022-03-31 106801352022-04-012023-03-31 10680135business:AuditExemptWithAccountantsReport2022-04-012023-03-31 10680135business:FilletedAccounts2022-04-012023-03-31 106801352023-03-31 10680135business:Director12022-04-012023-03-31 10680135business:Director22022-04-012023-03-31 10680135business:Director32022-04-012023-03-31 10680135business:Director42022-04-012023-03-31 10680135business:RegisteredOffice2022-04-012023-03-31 106801352022-03-31 10680135core:WithinOneYear2023-03-31 10680135core:WithinOneYear2022-03-31 10680135core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 10680135core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 10680135core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 10680135core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 10680135core:PreviouslyStatedAmount2023-03-31 10680135core:PreviouslyStatedAmount2022-03-31 10680135business:SmallEntities2022-04-012023-03-31 10680135countries:EnglandWales2022-04-012023-03-31 10680135core:PlantMachinery2022-04-012023-03-31 10680135core:ComputerEquipment2022-04-012023-03-31 10680135core:PlantMachinery2022-03-31 10680135core:ComputerEquipment2022-03-31 10680135core:PlantMachinery2023-03-31 10680135core:ComputerEquipment2023-03-31 106801352021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 10680135 (England and Wales)
Stress-Space Ltd. Unaudited accounts for the year ended 31 March 2023
Stress-Space Ltd. Unaudited accounts Contents
Page
- 2 -
Stress-Space Ltd. Company Information for the year ended 31 March 2023
Directors
Dr S Paddea Dr F Hosseinzadh Torknezhad J Deriaz Professor P J Bouchard
Company Number
10680135 (England and Wales)
Registered Office
1 Stairs Lane Steeple Claydon Buckingham MK18 2RA
Accountants
E Kounting Limited Fenny Compton Southam Warwickshire
- 3 -
Stress-Space Ltd. Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
101,746 
34,062 
Current assets
Debtors
39,030 
13,054 
Cash at bank and in hand
318,680 
145,251 
357,710 
158,305 
Creditors: amounts falling due within one year
(99,152)
(6,278)
Net current assets
258,558 
152,027 
Total assets less current liabilities
360,304 
186,089 
Provisions for liabilities
Deferred tax
(19,332)
(6,472)
Net assets
340,972 
179,617 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
340,872 
179,517 
Shareholders' funds
340,972 
179,617 
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 directors acknowledge their 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 of Directors and authorised for issue on 2 November 2023 and were signed on its behalf by
Dr S Paddea Director Company Registration No. 10680135
- 4 -
Stress-Space Ltd. Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Stress-Space Ltd. is a private company, limited by shares, registered in England and Wales, registration number 10680135. The registered office is 1 Stairs Lane, Steeple Claydon, Buckingham, MK18 2RA.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line basis
Computer equipment
25% straight line basis
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
- 5 -
Stress-Space Ltd. Notes to the Accounts for the year ended 31 March 2023
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
44,009 
3,388 
47,397 
Additions
104,695 
1,349 
106,044 
At 31 March 2023
148,704 
4,737 
153,441 
Depreciation
At 1 April 2022
11,002 
2,333 
13,335 
Charge for the year
37,176 
1,184 
38,360 
At 31 March 2023
48,178 
3,517 
51,695 
Net book value
At 31 March 2023
100,526 
1,220 
101,746 
At 31 March 2022
33,007 
1,055 
34,062 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
4,792 
1,738 
Trade debtors
34,182 
5,248 
Other debtors
56 
6,068 
39,030 
13,054 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
77,343 
1,416 
Taxes and social security
20,672 
(87)
Loans from directors
312 
1,812 
Accruals
825 
3,137 
99,152 
6,278 
7
Average number of employees
During the year the average number of employees was 3 (2022: 2).
- 6 -