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REGISTERED NUMBER: 06125063 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

AMAZING SPACE UK LIMITED

AMAZING SPACE UK LIMITED (REGISTERED NUMBER: 06125063)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AMAZING SPACE UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: Mrs A Kingsley Smith
Mr I S Kingsley Smith





SECRETARY: Mrs A Kingsley Smith





REGISTERED OFFICE: Ranscombe Farmhouse
Cuxton
Rochester
Kent
ME2 1LA





REGISTERED NUMBER: 06125063 (England and Wales)





ACCOUNTANTS: Stephen Hill Partnership Limited
139-141 Watling Street
Gillingham
Kent
ME7 2YY

AMAZING SPACE UK LIMITED (REGISTERED NUMBER: 06125063)

BALANCE SHEET
31ST MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,076 357,919

CURRENT ASSETS
Stocks 30,377 16,242
Debtors 5 1,714 1,444
Cash at bank and in hand 26,493 46,032
58,584 63,718
CREDITORS
Amounts falling due within one year 6 37,302 212,190
NET CURRENT ASSETS/(LIABILITIES) 21,282 (148,472 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,358

209,447

CREDITORS
Amounts falling due after more than one
year

7

(79,822

)

(150,917

)

PROVISIONS FOR LIABILITIES (5,334 ) (6,254 )
NET (LIABILITIES)/ASSETS (35,798 ) 52,276

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (35,898 ) 52,176
SHAREHOLDERS' FUNDS (35,798 ) 52,276

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

AMAZING SPACE UK LIMITED (REGISTERED NUMBER: 06125063)

BALANCE SHEET - continued
31ST MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th October 2023 and were signed on its behalf by:





Mr I S Kingsley Smith - Director


AMAZING SPACE UK LIMITED (REGISTERED NUMBER: 06125063)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Amazing Space UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - Not provided
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 10% on reducing balance

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.

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

Gains and losses on disposals are determined by comparing the proceeds with the carrying value amount and are recognised in the Income Statement.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments 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 and loans to related parties.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


AMAZING SPACE UK LIMITED (REGISTERED NUMBER: 06125063)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions.

Creditors
Short term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1st April 2022 325,000 60,369 39,304 424,673
Additions - - 481 481
Disposals (325,000 ) - - (325,000 )
At 31st March 2023 - 60,369 39,785 100,154
DEPRECIATION
At 1st April 2022 - 47,140 19,614 66,754
Charge for year - 3,307 2,017 5,324
At 31st March 2023 - 50,447 21,631 72,078
NET BOOK VALUE
At 31st March 2023 - 9,922 18,154 28,076
At 31st March 2022 325,000 13,229 19,690 357,919

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 1,714 1,444

AMAZING SPACE UK LIMITED (REGISTERED NUMBER: 06125063)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,928 28,600
Trade creditors 1,163 6,650
Taxation and social security 24,261 18,024
Other creditors 950 158,916
37,302 212,190

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 20,677 150,917
Other creditors 59,145 -
79,822 150,917