2023-04-062024-04-052024-04-05false03156585Satellite Computing 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Satellite Computing Limited

Registered Number
03156585
(England and Wales)

Unaudited Financial Statements for the Year ended
5 April 2024

Satellite Computing Limited
Company Information
for the year from 6 April 2023 to 5 April 2024

Director

Kerry Andrew Beal

Company Secretary

Pauline Margaret Beal

Registered Address

6 Lavant Road
Summersdale
Chichester
PO19 5RQ

Registered Number

03156585 (England and Wales)
Satellite Computing Limited
Balance Sheet as at
5 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3620,000620,000
620,000620,000
Current assets
Debtors142138
Cash at bank and on hand9,58714,631
9,72914,769
Creditors amounts falling due within one year(4,499)(4,110)
Net current assets (liabilities)5,23010,659
Total assets less current liabilities625,230630,659
Provisions for liabilities(3,892)(3,892)
Net assets621,338626,767
Capital and reserves
Called up share capital800800
Other reserves59,03059,030
Profit and loss account561,508566,937
Shareholders' funds621,338626,767
The financial statements were approved and authorised for issue by the Director on 30 August 2024, and are signed on its behalf by:
Kerry Andrew Beal
Director
Registered Company No. 03156585
Satellite Computing Limited
Notes to the Financial Statements
for the year ended 5 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the renting of property.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and loss.
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Total

£
Cost or valuation
At 06 April 23620,000
At 05 April 24620,000
Net book value
At 05 April 24620,000
At 05 April 23620,000
The freehold property was revalued 5 April 2024 by K Beal Esq. The property originally cost £557,078.