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REGISTERED NUMBER: 08362945 (England and Wales)















M54 SPACE CENTRE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2023 TO 30 APRIL 2024






M54 SPACE CENTRE LIMITED (REGISTERED NUMBER: 08362945)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2023 TO 30 APRIL 2024










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


M54 SPACE CENTRE LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JANUARY 2023 TO 30 APRIL 2024







DIRECTORS: Mr A.T. Evans
Mrs A.C. Evans
Mr T.A. Evans





REGISTERED OFFICE: Technology House
Halesfield 7
Telford
Shropshire
TF7 4NA





REGISTERED NUMBER: 08362945 (England and Wales)





ACCOUNTANTS: Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
M54 SPACE CENTRE LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of M54 Space Centre Limited for the period ended 30 April 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of M54 Space Centre Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of M54 Space Centre Limited and state those matters that we have agreed to state to the Board of Directors of M54 Space Centre Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M54 Space Centre Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that M54 Space Centre Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of M54 Space Centre Limited. You consider that M54 Space Centre Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of M54 Space Centre Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU


23 July 2024

M54 SPACE CENTRE LIMITED (REGISTERED NUMBER: 08362945)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 44,060

CURRENT ASSETS
Debtors 5 64,518 528,883
Cash at bank and in hand 42,075 16,017
106,593 544,900
CREDITORS
Amounts falling due within one year 6 105,563 580,360
NET CURRENT ASSETS/(LIABILITIES) 1,030 (35,460 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,030

8,600

PROVISIONS FOR LIABILITIES - 8,371
NET ASSETS 1,030 229

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 930 129
SHAREHOLDERS' FUNDS 1,030 229

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 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.

M54 SPACE CENTRE LIMITED (REGISTERED NUMBER: 08362945)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 2024


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 23 July 2024 and were signed on its behalf by:





Mr A.T. Evans - Director


M54 SPACE CENTRE LIMITED (REGISTERED NUMBER: 08362945)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2023 TO 30 APRIL 2024


1. STATUTORY INFORMATION

M54 Space Centre 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 represents net sales of goods/services, excluding value added tax

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 - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2022 - 7 ) .

M54 SPACE CENTRE LIMITED (REGISTERED NUMBER: 08362945)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 60,733 12,014 62,522 1,007 136,276
Additions 25,400 - - - 25,400
Disposals (86,133 ) (12,014 ) (62,522 ) (1,007 ) (161,676 )
At 30 April 2024 - - - - -
DEPRECIATION
At 1 January 2023 36,184 6,356 49,087 589 92,216
Eliminated on disposal (36,184 ) (6,356 ) (49,087 ) (589 ) (92,216 )
At 30 April 2024 - - - - -
NET BOOK VALUE
At 30 April 2024 - - - - -
At 31 December 2022 24,549 5,658 13,435 418 44,060

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade debtors - 406,499
Other debtors 64,518 122,384
64,518 528,883

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade creditors - 13,526
Taxation and social security 11,959 28,106
Other creditors 93,604 538,728
105,563 580,360

M54 SPACE CENTRE LIMITED (REGISTERED NUMBER: 08362945)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 30 APRIL 2024


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 30 April 2024 and the year ended 31 December 2022:

2024 2022
£    £   
Mr A.T. Evans
Balance outstanding at start of period 12,809 12,809
Amounts advanced 5,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 17,809 12,809

Mrs A.C. Evans
Balance outstanding at start of period 25 25
Amounts advanced 5,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 5,025 25

Mr T.A. Evans
Balance outstanding at start of period - -
Amounts advanced 12,240 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 12,240 -