Company Registration No. 13425073 (England and Wales)
Spacetrack IT Solutions Limited
Unaudited accounts
for the year ended 31 May 2023
Spacetrack IT Solutions Limited
Unaudited accounts
Contents
Spacetrack IT Solutions Limited
Company Information
for the year ended 31 May 2023
Directors
Chinenye Unamma
Chioma Eze
Company Number
13425073 (England and Wales)
Registered Office
110 Beardsley Drive
Chelmsford
Essex
CM1 6ZG
England
Accountants
Sodavic & Associates
193 Sixth Avenue
London
E12 5PT
Spacetrack IT Solutions Limited
Accountants' report
Accountants' report to the board of directors of Spacetrack IT Solutions Limited on the preparation of the unaudited statutory accounts for the year ended 31 May 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Spacetrack IT Solutions Limited for the year ended
31 May 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Spacetrack IT Solutions Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Spacetrack IT Solutions Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Spacetrack IT Solutions Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Spacetrack IT Solutions Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Spacetrack IT Solutions Limited. You consider that Spacetrack IT Solutions Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Spacetrack IT Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Sodavic & Associates
193 Sixth Avenue
London
E12 5PT
16 April 2024
Spacetrack IT Solutions Limited
Statement of financial position
as at 31 May 2023
Tangible assets
2,651
3,976
Cash at bank and in hand
11,000
11,778
Creditors: amounts falling due within one year
(160,498)
(74,576)
Net current liabilities
(149,498)
(62,798)
Net liabilities
(146,847)
(58,822)
Called up share capital
2
2
Profit and loss account
(146,849)
(58,824)
Shareholders' funds
(146,847)
(58,822)
For the year ending 31 May 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 15 April 2024 and were signed on its behalf by
Chinenye Unamma
Director
Company Registration No. 13425073
Spacetrack IT Solutions Limited
Notes to the Accounts
for the year ended 31 May 2023
Spacetrack IT Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 13425073. The registered office is 110 Beardsley Drive, Chelmsford, Essex, CM1 6ZG, England.
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.
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
4
Tangible fixed assets
Plant & machinery
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
479
Loans from directors
159,998
69,998
Spacetrack IT Solutions Limited
Notes to the Accounts
for the year ended 31 May 2023
6
Average number of employees
During the year the average number of employees was 1 (2022: 1).