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REGISTERED NUMBER: 06445061 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

Space 2 Place Contracts Limited

Space 2 Place Contracts Limited (Registered number: 06445061)

Contents of the Financial Statements
for the Year Ended 31st March 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Space 2 Place Contracts Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: M J Payne
Ms E Bowers





REGISTERED OFFICE: The Granary
Brewer Street
Bletchingley
Surrey
RH1 4QP





REGISTERED NUMBER: 06445061 (England and Wales)






Space 2 Place Contracts Limited (Registered number: 06445061)

Statement of Financial Position
31st March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 10,654 16,888

CURRENT ASSETS
Stocks 50,000 83,474
Debtors 4 47,117 31,617
Cash at bank 29,485 -
126,602 115,091
CREDITORS
Amounts falling due within one year 5 75,152 88,874
NET CURRENT ASSETS 51,450 26,217
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,104

43,105

CREDITORS
Amounts falling due after more than
one year

6

(102,270

)

(38,916

)

PROVISIONS FOR LIABILITIES (2,024 ) (3,209 )
NET (LIABILITIES)/ASSETS (42,190 ) 980

Space 2 Place Contracts Limited (Registered number: 06445061)

Statement of Financial Position - continued
31st March 2024

31/3/24 31/3/23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 805 805
Retained earnings (42,995 ) 175
SHAREHOLDERS' FUNDS (42,190 ) 980

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 5th August 2024 and were signed on its behalf by:





Ms E Bowers - Director


Space 2 Place Contracts Limited (Registered number: 06445061)

Notes to the Financial Statements
for the Year Ended 31st March 2024


1. 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.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 3 ) .

Space 2 Place Contracts Limited (Registered number: 06445061)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024


3. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2023 24,878 9,758 70,267 8,966 113,869
Additions 2,454 - - - 2,454
At 31st March 2024 27,332 9,758 70,267 8,966 116,323
DEPRECIATION
At 1st April 2023 23,820 6,058 60,504 6,599 96,981
Charge for year 1,065 1,574 4,796 1,253 8,688
At 31st March 2024 24,885 7,632 65,300 7,852 105,669
NET BOOK VALUE
At 31st March 2024 2,447 2,126 4,967 1,114 10,654
At 31st March 2023 1,058 3,700 9,763 2,367 16,888

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 644 22,040
Directors' current accounts 46,473 9,577
47,117 31,617

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 5,000 11,599
Other loans 10,258 -
Hire purchase contracts 3,083 6,167
Trade creditors 16,101 31,826
Tax 4,973 8,683
Social security and other taxes 5,568 -
VAT 16,184 13,709
Other creditors 6,718 5,931
Group balance 3,067 6,759
Accrued expenses 4,200 4,200
75,152 88,874

Space 2 Place Contracts Limited (Registered number: 06445061)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024


6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Bank loans - 1-2 years 5,000 5,000
Bank loans - 2-5 years 15,000 15,000
Bank loans more 5 yr by instal 10,833 15,833
Other loans - 1-2 years 11,491 -
Other loans - 2-5 years 43,442 -
Other loans more 5yrs instal 16,504 -
Hire purchase contracts - 3,083
102,270 38,916

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,833 15,833
Other loans more 5yrs instal 16,504 -
27,337 15,833

7. ULTIMATE CONTROLLING PARTY

The controlling party is The board of directors.