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Space Invader Design Limited

Unaudited Abridged Financial Accounts

for the Year Ended 31 October 2023

Registration number: 14222382

 

Space Invader Design Limited

Contents

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

Space Invader Design Limited

Company Information

Directors

Mr J Williams

Mrs J Williams

Registered office

Stanmore House
64-68 Blackburn Street
Radcliffe
Manchester
M26 2JS

Accountants

Gortons
Chartered Accountants
Stanmore House
64-68 Blackburn Street
Radcliffe
Manchester
M26 2JS

 

Space Invader Design Limited

(Registration number: 14222382)
Abridged Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

94,500

-

Tangible assets

5

30,215

-

 

124,715

-

Current assets

 

Debtors

469,778

-

Cash at bank and in hand

 

239,723

51

 

709,501

51

Prepayments and accrued income

 

3,406

-

Creditors: Amounts falling due within one year

(399,832)

-

Net current assets

 

313,075

51

Total assets less current liabilities

 

437,790

51

Accruals and deferred income

 

(69,858)

-

Net assets

 

367,932

51

Capital and reserves

 

Called up share capital

6

51

51

Retained earnings

367,881

-

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:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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 Board on 8 August 2024 and signed on its behalf by:
 

.........................................
Mr J Williams
Director

 

Space Invader Design Limited

Notes to the Unaudited Abridged Financial Accounts for the Year Ended 31 October 2023

1

General information

The company changed its name from Project Hopper Limited to Space Invader Design Limited effective from 11 November 2022.

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 Board on 8 August 2024.

2

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

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 23 (2022 - 2).

4

Intangible assets

Total
£

Cost or valuation

Additions

105,000

At 31 October 2023

105,000

Amortisation

Amortisation charge

10,500

At 31 October 2023

10,500

Carrying amount

At 31 October 2023

94,500

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

39,113

39,113

At 31 October 2023

39,113

39,113

Depreciation

Charge for the year

8,898

8,898

At 31 October 2023

8,898

8,898

Carrying amount

At 31 October 2023

30,215

30,215

6

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary A shares of £1 each

51

51

51

51

       

7

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

8

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).

9

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.