IRIS Accounts Production v24.1.0.578 12998329 director 1.12.22 30.11.23 30.11.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh129983292022-11-30129983292023-11-30129983292022-12-012023-11-30129983292021-11-30129983292021-12-012022-11-30129983292022-11-3012998329ns15:EnglandWales2022-12-012023-11-3012998329ns14:PoundSterling2022-12-012023-11-3012998329ns10:Director12022-12-012023-11-3012998329ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3012998329ns10:SmallEntities2022-12-012023-11-3012998329ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3012998329ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3012998329ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3012998329ns10:AbridgedAccounts2022-12-012023-11-3012998329ns10:RegisteredOffice2022-12-012023-11-3012998329ns5:CurrentFinancialInstruments2023-11-3012998329ns5:CurrentFinancialInstruments2022-11-3012998329ns5:Non-currentFinancialInstruments2023-11-3012998329ns5:Non-currentFinancialInstruments2022-11-3012998329ns5:ShareCapital2023-11-3012998329ns5:ShareCapital2022-11-3012998329ns5:RetainedEarningsAccumulatedLosses2023-11-3012998329ns5:RetainedEarningsAccumulatedLosses2022-11-3012998329ns5:PlantMachinery2022-12-012023-11-3012998329ns5:MotorVehicles2022-12-012023-11-3012998329ns5:ComputerEquipment2022-12-012023-11-30
REGISTERED NUMBER: 12998329 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

SPACE ONLY EXHIBITIONS LIMITED

SPACE ONLY EXHIBITIONS LIMITED (REGISTERED NUMBER: 12998329)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 November 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SPACE ONLY EXHIBITIONS LIMITED

COMPANY INFORMATION
for the year ended 30 November 2023







DIRECTOR: Mr P D Stuart





REGISTERED OFFICE: 19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD





REGISTERED NUMBER: 12998329 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

SPACE ONLY EXHIBITIONS LIMITED (REGISTERED NUMBER: 12998329)

ABRIDGED BALANCE SHEET
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,271 24,726

CURRENT ASSETS
Debtors 175,427 170,003
Cash at bank 19,203 28,718
194,630 198,721
CREDITORS
Amounts falling due within one year 92,065 102,517
NET CURRENT ASSETS 102,565 96,204
TOTAL ASSETS LESS CURRENT
LIABILITIES

143,836

120,930

CREDITORS
Amounts falling due after more than one year 12,311 17,778
NET ASSETS 131,525 103,152

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 131,521 103,148
SHAREHOLDERS' FUNDS 131,525 103,152

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SPACE ONLY EXHIBITIONS LIMITED (REGISTERED NUMBER: 12998329)

ABRIDGED BALANCE SHEET - continued
30 November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 April 2024 and were signed by:





Mr P D Stuart - Director


SPACE ONLY EXHIBITIONS LIMITED (REGISTERED NUMBER: 12998329)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 November 2023

1. STATUTORY INFORMATION

Space Only Exhibitions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

SPACE ONLY EXHIBITIONS LIMITED (REGISTERED NUMBER: 12998329)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023

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.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 31,307
Additions 28,145
At 30 November 2023 59,452
DEPRECIATION
At 1 December 2022 6,581
Charge for year 11,600
At 30 November 2023 18,181
NET BOOK VALUE
At 30 November 2023 41,271
At 30 November 2022 24,726

SPACE ONLY EXHIBITIONS LIMITED (REGISTERED NUMBER: 12998329)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 December 2022
and 30 November 2023 27,345
DEPRECIATION
At 1 December 2022 5,469
Charge for year 4,375
At 30 November 2023 9,844
NET BOOK VALUE
At 30 November 2023 17,501
At 30 November 2022 21,876

5. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 17,778 23,245

Hire purchase contracts are secured over the assets to which they relate.

6. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £483 (2022: £702) to the director.