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REGISTERED NUMBER: 09425439 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

Space Heroes Limited

Space Heroes Limited (Registered number: 09425439)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Space Heroes Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: L Frattini





REGISTERED OFFICE: Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB





REGISTERED NUMBER: 09425439 (England and Wales)





ACCOUNTANTS: Bennett Kirkhope Smith
Chartered Certified Accountants
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

Space Heroes Limited (Registered number: 09425439)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,524
Tangible assets 5 18,782 14,214
Investments 6 8 -
18,790 15,738

CURRENT ASSETS
Debtors 7 234,818 69,955
Cash at bank 500,410 572,246
735,228 642,201
CREDITORS
Amounts falling due within one year 8 510,059 513,934
NET CURRENT ASSETS 225,169 128,267
TOTAL ASSETS LESS CURRENT
LIABILITIES

243,959

144,005

CAPITAL AND RESERVES
Called up share capital 9 103 100
Share premium 34,296 33,990
Retained earnings 209,560 109,915
SHAREHOLDERS' FUNDS 243,959 144,005

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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 Heroes Limited (Registered number: 09425439)

Balance Sheet - continued
30 April 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 director and authorised for issue on 6 September 2024 and were signed by:





L Frattini - Director


Space Heroes Limited (Registered number: 09425439)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Space Heroes 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 and represents amounts receivable for services provided in the normal course of business, net of VAT and other sales-related taxes. Turnover represents invoiced software licence fee income, support and maintenance income and service income.

Support and maintenance turnover is deferred at the date of invoicing and released to the profit and loss account overtime across the duration of the maintenance and service contract. The balance not yet released to the profit and loss account is carried in the balance sheet within deferred income.

Subscription and cloud based Software as a Service income is recognised overtime in the month the service is provided.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of five 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 - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - Straight line over 3 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 2 (2023 - 2 ) .

Space Heroes Limited (Registered number: 09425439)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023
and 30 April 2024 7,620
AMORTISATION
At 1 May 2023 6,096
Charge for year 1,524
At 30 April 2024 7,620
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 1,524

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 3,552 2,551 25,882 31,985
Additions - - 10,946 10,946
Disposals - - (11,873 ) (11,873 )
At 30 April 2024 3,552 2,551 24,955 31,058
DEPRECIATION
At 1 May 2023 270 1,152 16,349 17,771
Charge for year 657 210 5,511 6,378
Eliminated on disposal - - (11,873 ) (11,873 )
At 30 April 2024 927 1,362 9,987 12,276
NET BOOK VALUE
At 30 April 2024 2,625 1,189 14,968 18,782
At 30 April 2023 3,282 1,399 9,533 14,214

Space Heroes Limited (Registered number: 09425439)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 8
At 30 April 2024 8
NET BOOK VALUE
At 30 April 2024 8

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Clayton Technologies, Inc.
Registered office: 8 The Green, STE 10959, Dover, DE 19901, United States
Nature of business: Software development
%
Class of shares: holding
1,000 of $0.10 Common stock 100.00

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 36,152 42,120
Amounts owed by group undertakings 164,544 -
Other debtors 5,126 3,501
VAT - 3,254
Prepayments 28,996 21,080
234,818 69,955

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 17,379 17,110
Social security and other taxes 3,626 1,080
VAT 782 -
Credit card 2,266 5,689
Other creditors - 58,017
Directors' current accounts 2,032 2,800
Deferred income 467,965 406,766
Accrued expenses 16,009 22,472
510,059 513,934

Space Heroes Limited (Registered number: 09425439)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1,000,000 Ordinary (£0.0001) 0.01p 100 100
30,909 A Ordinary (£0.0001) 0.01p 3 -
103 100

The following shares were issued during the year:

30,909 A Ordinary (£0.0001) shares of 0.01p for cash of £ 309

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is L Frattini.