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REGISTERED NUMBER: 04768625 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

SPACEBUILDER LIMITED

SPACEBUILDER LIMITED (REGISTERED NUMBER: 04768625)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPACEBUILDER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: M R Causey
A C May





REGISTERED OFFICE: Advantage Unit
132-134 Great Ancoats Street
Manchester
M4 6DE





REGISTERED NUMBER: 04768625 (England and Wales)





ACCOUNTANTS: Askews Chartered Certified Accountants
5 The Quadrant
Coventry
West Midlands
CV1 2EL

SPACEBUILDER LIMITED (REGISTERED NUMBER: 04768625)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 43,946 51,951
43,946 51,951

CURRENT ASSETS
Stocks 363,189 309,400
Debtors 6 219,413 221,656
Cash at bank 128,061 15,293
710,663 546,349
CREDITORS
Amounts falling due within one year 7 623,962 509,424
NET CURRENT ASSETS 86,701 36,925
TOTAL ASSETS LESS CURRENT
LIABILITIES

130,647

88,876

CREDITORS
Amounts falling due after more than one
year

8

(93,247

)

(119,249

)

PROVISIONS FOR LIABILITIES (4,145 ) (4,145 )
NET ASSETS/(LIABILITIES) 33,255 (34,518 )

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 33,249 (34,524 )
33,255 (34,518 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

SPACEBUILDER LIMITED (REGISTERED NUMBER: 04768625)

BALANCE SHEET - continued
29 FEBRUARY 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 August 2024 and were signed on its behalf by:




M R Causey - Director



A C May - Director


SPACEBUILDER LIMITED (REGISTERED NUMBER: 04768625)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Spacebuilder 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

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% reducing balance
Motor vehicles - 15% reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

SPACEBUILDER LIMITED (REGISTERED NUMBER: 04768625)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


2. ACCOUNTING POLICIES - continued

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 year was 15 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 20,000
AMORTISATION
At 1 March 2023
and 29 February 2024 20,000
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 29,093 88,898 117,991
DEPRECIATION
At 1 March 2023 26,968 39,072 66,040
Charge for year 531 7,474 8,005
At 29 February 2024 27,499 46,546 74,045
NET BOOK VALUE
At 29 February 2024 1,594 42,352 43,946
At 28 February 2023 2,125 49,826 51,951

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 219,413 221,656

SPACEBUILDER LIMITED (REGISTERED NUMBER: 04768625)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 102,668 68,080
Hire purchase contracts 7,075 8,408
Trade creditors 122,240 149,973
Taxation and social security 154,617 128,220
Other creditors 237,362 154,743
623,962 509,424

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 91,524 112,032
Hire purchase contracts 1,723 7,217
93,247 119,249

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 4,599

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
M R Causey
Balance outstanding at start of year (3,831 ) (15,038 )
Amounts advanced 65,166 59,617
Amounts repaid (89,000 ) (48,410 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (27,665 ) (3,831 )

A C May
Balance outstanding at start of year (35,913 ) (30,279 )
Amounts advanced 40,813 22,456
Amounts repaid (24,000 ) (28,090 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (19,100 ) (35,913 )