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 12080183 Mr Christopher Chapman Space282 Group Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12080183 2022-07-31 12080183 2023-07-31 12080183 2022-08-01 2023-07-31 12080183 frs-core:CurrentFinancialInstruments 2023-07-31 12080183 frs-core:Non-currentFinancialInstruments 2023-07-31 12080183 frs-core:BetweenOneFiveYears 2023-07-31 12080183 frs-core:ComputerEquipment 2023-07-31 12080183 frs-core:ComputerEquipment 2022-08-01 2023-07-31 12080183 frs-core:ComputerEquipment 2022-07-31 12080183 frs-core:FurnitureFittings 2023-07-31 12080183 frs-core:FurnitureFittings 2022-08-01 2023-07-31 12080183 frs-core:FurnitureFittings 2022-07-31 12080183 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-31 12080183 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-08-01 2023-07-31 12080183 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-07-31 12080183 frs-core:WithinOneYear 2023-07-31 12080183 frs-core:ShareCapital 2023-07-31 12080183 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 12080183 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12080183 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 12080183 frs-bus:SmallEntities 2022-08-01 2023-07-31 12080183 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 12080183 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 12080183 1 2022-08-01 2023-07-31 12080183 frs-bus:Director1 2022-08-01 2023-07-31 12080183 frs-bus:Director1 2022-07-31 12080183 frs-bus:Director1 2023-07-31 12080183 frs-countries:EnglandWales 2022-08-01 2023-07-31 12080183 2021-07-31 12080183 2022-07-31 12080183 2021-08-01 2022-07-31 12080183 frs-core:CurrentFinancialInstruments 2022-07-31 12080183 frs-core:Non-currentFinancialInstruments 2022-07-31 12080183 frs-core:BetweenOneFiveYears 2022-07-31 12080183 frs-core:WithinOneYear 2022-07-31 12080183 frs-core:ShareCapital 2022-07-31 12080183 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 12080183
Space282 (Elm Rd) Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2023
ChadSan Limited
Castle House
Castle Street
Guildford
GU1 3UW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12080183
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 420 21,172
420 21,172
CURRENT ASSETS
Debtors 5 79,640 97,461
Cash at bank and in hand 6,287 18,145
85,927 115,606
Creditors: Amounts Falling Due Within One Year 6 (39,684 ) (39,462 )
NET CURRENT ASSETS (LIABILITIES) 46,243 76,144
TOTAL ASSETS LESS CURRENT LIABILITIES 46,663 97,316
Creditors: Amounts Falling Due After More Than One Year 7 (53,867 ) (73,435 )
NET (LIABILITIES)/ASSETS (7,204 ) 23,881
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (7,205 ) 23,880
SHAREHOLDERS' FUNDS (7,204) 23,881
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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 Christopher Chapman
Director
31st July 2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Space282 (Elm Rd) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12080183 . The registered office is C/O Chadsan Ltd, 282 Leigh Road, Leigh-On-Sea, Essex, SS9 1BW.
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.
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. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 33% on cost
Fixtures & Fittings 33% on cost
Computer Equipment 33% on cost
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.4. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2022 61,344 26,091 124 87,559
As at 31 July 2023 61,344 26,091 124 87,559
Depreciation
As at 1 August 2022 40,978 25,324 85 66,387
Provided during the period 20,305 408 39 20,752
As at 31 July 2023 61,283 25,732 124 87,139
Net Book Value
As at 31 July 2023 61 359 - 420
As at 1 August 2022 20,366 767 39 21,172
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 6,530 2,955
Other debtors 73,110 94,506
79,640 97,461
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6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 2,529
Bank loans and overdrafts 4,800 4,800
Other creditors 28,665 31,793
Taxation and social security 6,219 340
39,684 39,462
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 9,200 14,000
Other creditors 44,667 59,435
53,867 73,435
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year 30,000 30,000
Later than one year and not later than five years 7,500 37,500
37,500 67,500
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2022 Amounts advanced Amounts repaid Amounts written off As at 31 July 2023
£ £ £ £ £
Mr Christopher Chapman 83,826 22,698 (83,830 ) - 22,694
The above loan is unsecured, interest free and repayable on demand.
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11. Related Party Transactions
As at the year end, and included in Debtors is £24,171 (2022: -£5,319) owed from a related party. The loan is non-interest bearing and repayable on demand. 
As at the year end, and included in Debtors is £6,379 (2022: £3,479) owed to a related party. The loan is non-interest bearing and repayable on demand.
As at the year end, and included in Debtors is £25,368 (2022: £3,900) owed from a related party. The loan is non-interest bearing and repayable on demand. 
As at the year end, and included in Creditors is £1,084 (2022: -£416) owed from a related party. The loan is non-interest bearing and repayable on demand.
During the year, dividends of £45,500 (2022: Nil) were paid to the directors.
12. Ultimate Controlling Party
The company's ultimate controlling party is Space282 Group Limited by virtue of his ownership of 100% of the issued share capital in the company.
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