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REGISTERED NUMBER: 13479662 (England and Wales)












Financial Statements

for the Year Ended 31 December 2023

for

UK Smart Space Company Limited

UK Smart Space Company Limited (Registered number: 13479662)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


UK Smart Space Company Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R J Mustoe
K Roberts





REGISTERED OFFICE: Syke Side Drive
Altham Business Park
Accrington
Lancashire
BB5 5YE





REGISTERED NUMBER: 13479662 (England and Wales)





AUDITORS: Xeinadin Audit Limited
Citygate
Longridge Road
Preston
Lancashire
PR2 5BQ

UK Smart Space Company Limited (Registered number: 13479662)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 829,821 196,337
Cash at bank 176,751 129,392
1,006,572 325,729
CREDITORS
Amounts falling due within one year 5 908,176 284,573
NET CURRENT ASSETS 98,396 41,156
TOTAL ASSETS LESS CURRENT
LIABILITIES

98,396

41,156

CAPITAL AND RESERVES
Called up share capital 6 85,000 85,000
Retained earnings 13,396 (43,844 )
SHAREHOLDERS' FUNDS 98,396 41,156

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 4 September 2024 and were signed on its behalf by:





R J Mustoe - Director


UK Smart Space Company Limited (Registered number: 13479662)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

UK Smart Space Company 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.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Debtors
Trade and other debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

UK Smart Space Company Limited (Registered number: 13479662)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Creditors
Trade and other creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 7 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 816,871 172,809
Prepayments 12,950 23,528
829,821 196,337

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 25,000 25,000
Trade creditors 759,736 106,966
Tax 18,344 -
Social security and other taxes 42,468 68,876
Accrued expenses 62,628 83,731
908,176 284,573

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
99 Ordinary 1 99 99
84,901 Non-voting Ordinary A £1 84,901 84,901
85,000 85,000

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Keith Roberts (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited

8. CESSATION OF TRADING

Towards the end of the year the company ceased to take on new business. Trading will continue into 2024 in respect of existing contracts which will continue until completion. The company is in a solvent position and will meet all its liabilities as they fall due.