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REGISTERED NUMBER: 07358504 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Spatialized Limited

Spatialized Limited (Registered number: 07358504)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Spatialized Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: L J Armstrong





REGISTERED OFFICE: Lister House
Lister Hill
Horsforth
Leeds
LS18 5AZ





REGISTERED NUMBER: 07358504 (England and Wales)





ACCOUNTANTS: Whitesides Chartered Accountants
Lister House
Lister Hill
Horsforth
Leeds
LS18 5AZ

Spatialized Limited (Registered number: 07358504)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,990 6,696

CURRENT ASSETS
Debtors 5 128,630 299,388
Cash at bank 464,139 262,428
592,769 561,816
CREDITORS
Amounts falling due within one year 6 118,223 68,879
NET CURRENT ASSETS 474,546 492,937
TOTAL ASSETS LESS CURRENT
LIABILITIES

482,536

499,633

CREDITORS
Amounts falling due after more than one
year

7

20,906

29,844
NET ASSETS 461,630 469,789

CAPITAL AND RESERVES
Called up share capital 66 66
Capital redemption reserve 34 34
Retained earnings 461,530 469,689
461,630 469,789

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Spatialized Limited (Registered number: 07358504)

Balance Sheet - continued
31 August 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 27 February 2024 and were signed by:





L J Armstrong - Director


Spatialized Limited (Registered number: 07358504)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Spatialized 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, value added tax and other sales taxes.

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.
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost less accumulated depreciation.

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 material 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 6 ) .

Spatialized Limited (Registered number: 07358504)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 55,588
Additions 4,470
At 31 August 2023 60,058
DEPRECIATION
At 1 September 2022 48,892
Charge for year 3,176
At 31 August 2023 52,068
NET BOOK VALUE
At 31 August 2023 7,990
At 31 August 2022 6,696

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 91,354 176,755
Other debtors 37,276 122,633
128,630 299,388

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,177 10,648
Trade creditors 26,528 4,000
Taxation and social security 36,746 39,690
Other creditors 44,772 14,541
118,223 68,879

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 20,906 29,844

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 8,548

Spatialized Limited (Registered number: 07358504)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 17,749 18,235
Between one and five years 8,250 24,750
25,999 42,985

9. RELATED PARTY DISCLOSURES

During the year the company maintained transactions with an LLP in which a shareholder is also a designated member. A balance of £32,789 (2022: £39,789) is included in other debtors owing from the related party, the loan is interest free with no fixed terms for repayment.

During the year the company maintained transactions with a Limited Company with a common director. A balance of £0 (2022: £55,000) is included in other debtors owing from the related party, the loan is interest free with no fixed terms for repayment.