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REGISTERED NUMBER: 08495332 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 October 2023

for

4More Space Limited

4More Space Limited (Registered number: 08495332)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


4More Space Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: R Tankard





REGISTERED OFFICE: 63
Bawtry Road
Bramley
Rotherham
South Yorkshire
S66 2TN





REGISTERED NUMBER: 08495332 (England and Wales)

4More Space Limited (Registered number: 08495332)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,523 44,427

CURRENT ASSETS
Stocks 4,300 4,000
Debtors 5 102,139 54,983
Cash at bank and in hand 55,604 72,751
162,043 131,734
CREDITORS
Amounts falling due within one year 6 134,534 86,653
NET CURRENT ASSETS 27,509 45,081
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,032

89,508

CREDITORS
Amounts falling due after more than one
year

7

-

(9,834

)

PROVISIONS FOR LIABILITIES (9,881 ) (4,831 )
NET ASSETS 45,151 74,843

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 45,149 74,841
45,151 74,843

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

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

4More Space Limited (Registered number: 08495332)

Balance Sheet - continued
31 October 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 1 August 2024 and were signed by:





R Tankard - Director


4More Space Limited (Registered number: 08495332)

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

1. STATUTORY INFORMATION

4More Space 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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

4More Space Limited (Registered number: 08495332)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company makes employer contributions to employee pension schemes.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 73,214
Disposals (13,740 )
At 31 October 2023 59,474
DEPRECIATION
At 1 November 2022 28,787
Charge for year 9,175
Eliminated on disposal (6,011 )
At 31 October 2023 31,951
NET BOOK VALUE
At 31 October 2023 27,523
At 31 October 2022 44,427

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 November 2022 46,368
Transfer to ownership (27,000 )
At 31 October 2023 19,368
DEPRECIATION
At 1 November 2022 14,114
Charge for year 8,064
Transfer to ownership (17,033 )
At 31 October 2023 5,145
NET BOOK VALUE
At 31 October 2023 14,223
At 31 October 2022 32,254

4More Space Limited (Registered number: 08495332)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 99,739 42,038
Amounts recoverable on contract 900 -
Other debtors 1,500 12,945
102,139 54,983

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 9,642 15,667
Trade creditors 4,833 302
Taxation and social security 27,522 18,153
Other creditors 92,537 52,531
134,534 86,653

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts - 9,834

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 9,642 25,501

9. RELATED PARTY DISCLOSURES

Mr R Tankard (Director)

Loaned monies to the company on an interest free basis. The balance owing and included in other creditors at 31st October 2023: £75,272, (2022: £46,177).

10. ULTIMATE CONTROLLING PARTY

The controlling party is R Tankard.