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REGISTERED NUMBER: SC747682 (Scotland)









SPACE GLA LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

18TH OCTOBER 2022 TO 31ST JULY 2023






SPACE GLA LTD (REGISTERED NUMBER: SC747682)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 18TH OCTOBER 2022 TO 31ST JULY 2023




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


SPACE GLA LTD

COMPANY INFORMATION
FOR THE PERIOD 18TH OCTOBER 2022 TO 31ST JULY 2023







DIRECTORS: A Hill
M Jamieson





REGISTERED OFFICE: 127 Saughs Drive
Glasgow
G33 1BN





REGISTERED NUMBER: SC747682 (Scotland)





ACCOUNTANTS: russell + russell
Chartered Certified Accountants
4 Royal Crescent
Glasgow
G3 7SL

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SPACE GLA LTD

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 Balance Sheet. Readers are cautioned that the Income Statement 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 Space Gla Ltd for the period ended 31st July 2023 which comprise the Income Statement, Balance Sheet, 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Space Gla Ltd, 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 Space Gla Ltd and state those matters that we have agreed to state to the Board of Directors of Space Gla Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Space Gla Ltd 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 loss of Space Gla Ltd. You consider that Space Gla Ltd 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 Space Gla Ltd. 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.






russell + russell
Chartered Certified Accountants
4 Royal Crescent
Glasgow
G3 7SL


3rd September 2024

SPACE GLA LTD (REGISTERED NUMBER: SC747682)

BALANCE SHEET
31ST JULY 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 87,183

CURRENT ASSETS
Cash at bank 1,450

CREDITORS
Amounts falling due within one year 5 84,704
NET CURRENT LIABILITIES (83,254 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,929

CREDITORS
Amounts falling due after more than one
year

6

17,857
NET LIABILITIES (13,928 )

CAPITAL AND RESERVES
Called up share capital 7 10
Retained earnings (13,938 )
SHAREHOLDERS' FUNDS (13,928 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st July 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st July 2023 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.

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 3rd September 2024 and were signed on its behalf by:




M Jamieson - Director


SPACE GLA LTD (REGISTERED NUMBER: SC747682)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 18TH OCTOBER 2022 TO 31ST JULY 2023

1. STATUTORY INFORMATION

Space Gla Ltd is a private company, limited by shares , registered in Scotland. 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.

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.
Long leasehold - 10% straight line
Plant and machinery - 20% straight line
Computer equipment - 33% straight line

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

SPACE GLA LTD (REGISTERED NUMBER: SC747682)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 18TH OCTOBER 2022 TO 31ST JULY 2023

4. TANGIBLE FIXED ASSETS
Long Plant and Computer
leasehold machinery equipment Totals
£    £    £    £   
COST
Additions 54,432 35,903 1,804 92,139
At 31st July 2023 54,432 35,903 1,804 92,139
DEPRECIATION
Charge for period 1,437 3,469 50 4,956
At 31st July 2023 1,437 3,469 50 4,956
NET BOOK VALUE
At 31st July 2023 52,995 32,434 1,754 87,183

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Hire purchase contracts 11,030
Amounts owed to group undertakings 5,600
Other creditors 68,074
84,704

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Hire purchase contracts 17,857

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
10 Ordinary £1 10

8. ULTIMATE CONTROLLING PARTY

There was no ultimate controlling party throughout the current year.