Acorah Software Products - Accounts Production 14.6.300 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 11472083 Mr Lee Irving iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11472083 2022-07-31 11472083 2023-07-31 11472083 2022-08-01 2023-07-31 11472083 frs-core:Non-currentFinancialInstruments 2023-07-31 11472083 frs-core:ShareCapital 2023-07-31 11472083 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 11472083 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 11472083 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 11472083 frs-bus:SmallEntities 2022-08-01 2023-07-31 11472083 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 11472083 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 11472083 frs-bus:Director1 2022-08-01 2023-07-31 11472083 frs-countries:EnglandWales 2022-08-01 2023-07-31 11472083 2021-07-31 11472083 2022-07-31 11472083 2021-08-01 2022-07-31 11472083 frs-core:Non-currentFinancialInstruments 2022-07-31 11472083 frs-core:ShareCapital 2022-07-31 11472083 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 11472083
Space Investment (Nw) Limited
Unaudited Financial Statements
For The Year Ended 31 July 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11472083
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 169,668 169,668
Debtors 5 20,250 20,250
Cash at bank and in hand 815 1,357
190,733 191,275
Creditors: Amounts Falling Due Within One Year 6 (41,207 ) (38,422 )
NET CURRENT ASSETS (LIABILITIES) 149,526 152,853
TOTAL ASSETS LESS CURRENT LIABILITIES 149,526 152,853
Creditors: Amounts Falling Due After More Than One Year 7 (180,270 ) (190,531 )
NET LIABILITIES (30,744 ) (37,678 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (30,745 ) (37,679 )
SHAREHOLDERS' FUNDS (30,744) (37,678)
Page 1
Page 2
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Lee Irving
Director
29/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Space Investment (Nw) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11472083 . The registered office is 30 Clarendon Court, Winwick Quay, Warrington, WA2 8QP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Stocks
2023 2022
£ £
Stock 169,668 169,668
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 20,250 20,250
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 41,207 38,422
Page 3
Page 4
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 160,818 160,818
Other creditors 19,452 29,713
180,270 190,531
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 4