Space Invader Design Limited
for the
Year Ended 31 October 2023
Registration number:
Space Invader Design Limited
Contents
Page
Company Information |
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Abridged Balance Sheet |
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Notes to the Unaudited Abridged Financial Statements |
Space Invader Design Limited
Company Information
Directors |
Mr J Williams Mrs J Williams |
Registered office |
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Accountants |
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Space Invader Design Limited
(Registration number: 14222382)
Abridged Balance Sheet as at 31 October 2023
Note |
2023 |
2022 |
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Fixed assets |
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Intangible assets |
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- |
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Tangible assets |
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- |
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- |
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Current assets |
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Debtors |
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- |
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Cash at bank and in hand |
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Prepayments and accrued income |
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- |
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Creditors: Amounts falling due within one year |
( |
- |
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Net current assets |
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Total assets less current liabilities |
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Accruals and deferred income |
( |
- |
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Net assets |
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Capital and reserves |
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Called up share capital |
51 |
51 |
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Retained earnings |
367,881 |
- |
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Shareholders' funds |
367,932 |
51 |
For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial accounts have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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Space Invader Design Limited
Notes to the Unaudited Abridged Financial Accounts for the Year Ended 31 October 2023
General information |
The company changed its name from
The company is a private company limited by share capital, incorporated in England and Wales and the company's registration number is 14222382. The business address is No. 2 Circle Square, Suite 203, Oxford Road, Manchester, M1 7ED and the registered office address is Stanmore House, 64-68 Blackburn Street, Radcliffe, Manchester, M26 2JS.
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial accounts are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These abridged financial accounts have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Fixtures and equipment |
25% straight line method |
Goodwill and other intangible assets
Goodwill and other intangible assets are capitalised, classified as assets on the Balance Sheet and amortised on a straight line basis over their useful economic life.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
10% Straight line method |
Domain costs |
10% Straight line method |
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Space Invader Design Limited
Notes to the Unaudited Abridged Financial Accounts for the Year Ended 31 October 2023
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Intangible assets |
Total |
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Cost or valuation |
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Additions |
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At 31 October 2023 |
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Amortisation |
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Amortisation charge |
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At 31 October 2023 |
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Carrying amount |
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At 31 October 2023 |
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Tangible assets |
Furniture, fittings and equipment |
Total |
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Cost or valuation |
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Additions |
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At 31 October 2023 |
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Depreciation |
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Charge for the year |
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At 31 October 2023 |
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Carrying amount |
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At 31 October 2023 |
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Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
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No. |
£ |
No. |
£ |
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Ordinary A shares of £1 each |
51 |
51 |
51 |
51 |
Security |
Company number 06997353, SID 2022 Realisations Limited (previously named Space Invader Design Limited) held a debenture dated 11 November 2022, which contained a floating charge over all the property and undertakings of the company. The charge was satisfied on 2 May 2024 following repayment of amounts owed to SID 2022 Realisations Limited.
The amount owed to SID 2022 Realisations Limited at the year end is £127,000 (2022 - £Nil).
Space Invader Design Limited
Notes to the Unaudited Abridged Financial Accounts for the Year Ended 31 October 2023
Financial commitments, guarantees and contingencies |
Amounts not provided for in the balance sheet
The total amount of financial commitments not included in the balance sheet is £12,453 (2022 - £Nil).
Related party transactions |
The directors have a joint loan account and the loan account was in credit at the year end but was overdrawn to a maximum of £95,309 in the year. Interest of £50 was charged on this loan on a commercial basis, and it is repayable on demand.