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REGISTERED NUMBER: 05269866 (England and Wales)

























Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Space Dimensions Limited
Trading as
Space BDC

Space Dimensions Limited (Registered number: 05269866)
Trading as Space BDC






Contents of the Financial Statements
for the year ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 7

Space Dimensions Limited
Trading as Space BDC

Company Information
for the year ended 30 September 2023







DIRECTOR: Mr N J Smith





SECRETARY: Mr N J Smith





REGISTERED OFFICE: St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE





REGISTERED NUMBER: 05269866 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
2 Maple Court
Davenport Street
Macclesfield
Cheshire
SK10 1JE

Space Dimensions Limited (Registered number: 05269866)
Trading as Space BDC

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,181 32,814

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 5 145,466 139,314
Cash at bank and in hand 731 1,345
151,197 145,659
CREDITORS
Amounts falling due within one year 6 92,901 117,766
NET CURRENT ASSETS 58,296 27,893
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,477

60,707

CREDITORS
Amounts falling due after more than one year 7 52,692 59,961
NET ASSETS 32,785 746

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 32,685 646
SHAREHOLDERS' FUNDS 32,785 746

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 Profit and Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 September 2024 and were signed by:





Mr N J Smith - Director


Space Dimensions Limited (Registered number: 05269866)
Trading as Space BDC

Notes to the Financial Statements
for the year ended 30 September 2023

1. STATUTORY INFORMATION

Space Dimensions 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
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Fixtures and fittings- 33% on cost
Motor vehicles- 25% on cost
Computer equipment- 33% on cost
Plant and machinery- 20% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

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.

Space Dimensions Limited (Registered number: 05269866)
Trading as Space BDC

Notes to the Financial Statements - continued
for the year ended 30 September 2023

2. ACCOUNTING POLICIES - continued

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 the Income Statement over the relevant period. The capital element of the future payments is treated as a liability.

Share capital
Ordinary shares are classed as equity.

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 Income Statement.

Distributions to equity holders
Dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the company's shareholders. These amounts are recognised in the statement of changes in equity.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

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

Grant Income
Grant income in respect of revenue expenditure is matched and released to the income statement as the expenditure is incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 51,416
Additions 3,832
At 30 September 2023 55,248
DEPRECIATION
At 1 October 2022 18,602
Charge for year 9,465
At 30 September 2023 28,067
NET BOOK VALUE
At 30 September 2023 27,181
At 30 September 2022 32,814

Space Dimensions Limited (Registered number: 05269866)
Trading as Space BDC

Notes to the Financial Statements - continued
for the year ended 30 September 2023

4. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1 October 2022
and 30 September 2023 38,300
DEPRECIATION
At 1 October 2022 6,383
Charge for year 7,980
At 30 September 2023 14,363
NET BOOK VALUE
At 30 September 2023 23,937
At 30 September 2022 31,917

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,192 23,932
Other debtors 142,274 115,382
145,466 139,314

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 51,892 12,070
Hire purchase contracts 5,304 7,216
Trade creditors 2,927 52,765
Taxation and social security 19,568 33,591
Other creditors 13,210 12,124
92,901 117,766

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 32,743 38,087
Hire purchase contracts 19,949 21,874
52,692 59,961

Space Dimensions Limited (Registered number: 05269866)
Trading as Space BDC

Notes to the Financial Statements - continued
for the year ended 30 September 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 46,569 6,879
Hire purchase contracts 25,253 29,090
71,822 35,969

The bank holds a fixed and floating charge over the company.

The director has provided a personal guarantee to the value of £38,000.

Assets financed under a hire purchase arrangement are secured against the assets acquired .

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
80 Ordinary A £1 80 80
20 Ordinary B £1 20 20
100 100

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following aggregate advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£    £   
Mr N J Smith
Balance outstanding at start of year 85,749 65,368
Amounts advanced 65,097 67,887
Amounts repaid (33,000 ) (47,506 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 117,846 85,749

Amounts loaned to directors are unsecured, interest free and repayable on demand.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Space Dimensions Limited

The following reproduces the text of the report prepared for the director 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 Director 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 Dimensions Limited for the year ended 30 September 2023 which comprise the Profit and Loss, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Space Dimensions Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Space Dimensions Limited and state those matters that we have agreed to state to the director of Space Dimensions Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Space Dimensions Limited and its director for our work or for this report.

It is your duty to ensure that Space Dimensions Limited 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 profit of Space Dimensions Limited. You consider that Space Dimensions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Space Dimensions Limited. 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.






Bennett Brooks & Co Ltd
Chartered Accountants
2 Maple Court
Davenport Street
Macclesfield
Cheshire
SK10 1JE


9 September 2024