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REGISTERED NUMBER: 06183167 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

SPACE2THINK LTD

SPACE2THINK LTD (REGISTERED NUMBER: 06183167)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPACE2THINK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: R L Husband





REGISTERED OFFICE: 39 Torbridge Road
Horrabridge
Yelverton
Devon
PL20 7SD





REGISTERED NUMBER: 06183167 (England and Wales)





ACCOUNTANTS: Merlin Accountancy Services Ltd
2nd Floor
33 Longbrook Street
Exeter
Devon
EX4 6AW

SPACE2THINK LTD (REGISTERED NUMBER: 06183167)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,657 4,934

CURRENT ASSETS
Debtors 5 2,138 8,119
Cash at bank 26,059 18,748
28,197 26,867
CREDITORS
Amounts falling due within one year 6 27,956 30,232
NET CURRENT ASSETS/(LIABILITIES) 241 (3,365 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,898

1,569

PROVISIONS FOR LIABILITIES 7 885 -
NET ASSETS 4,013 1,569

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 3,893 1,449
10 4,013 1,569

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

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

The director acknowledges his 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.

SPACE2THINK LTD (REGISTERED NUMBER: 06183167)

BALANCE SHEET - continued
31 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 director and authorised for issue on 18 November 2023 and were signed by:





R L Husband - Director


SPACE2THINK LTD (REGISTERED NUMBER: 06183167)

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

1. STATUTORY INFORMATION

Space2Think Ltd 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, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

SPACE2THINK LTD (REGISTERED NUMBER: 06183167)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 5,779 1,259 10,283 17,321
Additions - - 1,064 1,064
At 31 March 2023 5,779 1,259 11,347 18,385
DEPRECIATION
At 1 April 2022 2,600 315 9,472 12,387
Charge for year 636 236 469 1,341
At 31 March 2023 3,236 551 9,941 13,728
NET BOOK VALUE
At 31 March 2023 2,543 708 1,406 4,657
At 31 March 2022 3,179 944 811 4,934

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Trade debtors 2,000 8,119
Other debtors 138 -
2,138 8,119

SPACE2THINK LTD (REGISTERED NUMBER: 06183167)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,145 1,792
Taxation and social security 7,479 9,945
Other creditors 18,332 18,495
27,956 30,232

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 885 -

Deferred
tax
£   
Charge to Income Statement during year 885
Balance at 31 March 2023 885

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £23,450 were paid to the director .

9. ULTIMATE CONTROLLING PARTY

The controlling party is R L Husband.

10. RECONCILIATION OF MOVEMENTS IN RESERVES
2023 2022
£    £   
Profit for the financial year 25,894 36,529
Dividends (23,450 ) (36,000 )
2,444 529
Opening share capital - 120
Net addition to reserves 2,444 649
Opening reserves 1,569 920
Closing reserves 4,013 1,569