Space Construction London Ltd Accounts Cover |
Company No. 09366274 | |||||||||
Space Construction London Ltd Contents |
Pages | |||||||||
Directors' Report | 2 | ||||||||
Accountant's Report | 3 | ||||||||
Profit and Loss Account | 4 | ||||||||
Balance Sheet | 5 | ||||||||
Statement of Changes in Equity | 6 | ||||||||
Notes to the Accounts | 7 to 10 | ||||||||
Space Construction London Ltd Directors Report |
The Directors present their report and the accounts for the year ended 30 November 2023. | |||||||||
Principal activities | |||||||||
Directors | |||||||||
The Directors who served at any time during the year were as follows: | |||||||||
Signed on behalf of the board | |||||||||
D.E. Atkinson | |||||||||
Company Secretary | |||||||||
20 September 2024 |
Space Construction London Ltd Accountants Report |
Accountant's Report to the Board of directors of Space Construction London Ltd on the preparation of the unaudited statutory accounts for the year ended 30 November 2023 | |||||||||
In order to assist you to fulfil your duties under the Companies Act 2006 and in accordance with your instructions, we have prepared for your approval the financial statements of Space Construction London Ltd for the year ended 30 November 2023 set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us. | |||||||||
You consider that the company is exempt from an audit for the year ended 30 November 2023. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing financial statements that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit for the year. | |||||||||
Accountants | |||||||||
123 Hallgate | |||||||||
Cottingham | |||||||||
East Yorkshire | |||||||||
HU16 4DA | |||||||||
Space Construction London Ltd Profit and Loss Account |
for the year ended 30 November 2023 | ||||||||||
2023 | 2022 | |||||||||
£ | £ | |||||||||
Turnover | ||||||||||
Cost of Sales | ( | ( | ||||||||
Gross profit | ||||||||||
Distribution costs and selling expenses | ( | ( | ||||||||
Administrative expenses | ( | ( | ||||||||
Operating profit | ||||||||||
Other interest receivable | ||||||||||
Interest payable and similar charges | ( | ( | ||||||||
Profit on ordinary activities before taxation | ||||||||||
Taxation | ( | ( | ||||||||
Profit for the financial year after taxation | ||||||||||
Space Construction London Ltd Balance Sheet |
at | ||||||||||
Company No. | Notes | 2023 | 2022 | |||||||
£ | £ | |||||||||
Fixed assets | ||||||||||
Tangible assets | 4 | |||||||||
Current assets | ||||||||||
Work in progress | 5 | |||||||||
Debtors | 6 | |||||||||
Cash at bank and in hand | ||||||||||
Creditors: Amount falling due within one year | 7 | ( | ( | |||||||
Net current assets | ||||||||||
Total assets less current liabilities | ||||||||||
Creditors: Amounts falling due after more than one year | 8 | ( | ( | |||||||
Net assets/(liabilities) | ( | |||||||||
Capital and reserves | ||||||||||
Called up share capital | ||||||||||
Profit and loss account | 9 | ( | ||||||||
Total equity | ( | |||||||||
Approved by the board on 20 September 2024 and signed on its behalf by: | ||||||||||
D.E. Atkinson | ||||||||||
Director | ||||||||||
20 September 2024 |
Space Construction London Ltd Statement of Changes in Equity |
for the year ended 30 November 2023 | ||||||||||||
Share Capital | Retained earnings | Total equity | ||||||||||
£ | £ | £ | ||||||||||
At 1 December 2021 | 100 | (4,141) | (4,041) | |||||||||
Profit for the period | ||||||||||||
Dividends | ( | ( | ||||||||||
At 30 November 2022 and 1 December 2022 | ( | ( | ||||||||||
Profit for the period | ||||||||||||
Dividends | ( | ( | ||||||||||
At 30 November 2023 | ||||||||||||
Space Construction London Ltd Notes to the Accounts |
for the year ended 30 November 2023 | ||||||||||||||||
1 | General information | |||||||||||||||
Space Construction London Ltd is a private company limited by shares and incorporated in England and Wales. | ||||||||||||||||
Its registered number is: 09366274 | ||||||||||||||||
Its registered office is: | ||||||||||||||||
2 | Accounting policies | |||||||||||||||
Turnover | ||||||||||||||||
Revenue from the sale of goods is recognised when all the following conditions are satisfied: • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • the amount of revenue can be measured reliably; • it is probable that the economic benefits associated with the transaction will flow to the Company; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed. | ||||||||||||||||
Tangible fixed assets and depreciation | ||||||||||||||||
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. | ||||||||||||||||
Plant and machinery | ||||||||||||||||
Taxation | ||||||||||||||||
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively. | ||||||||||||||||
Stocks | ||||||||||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs. Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses. | ||||||||||||||||
Trade and other debtors | ||||||||||||||||
Trade and other creditors | ||||||||||||||||
3 | Employees | |||||||||||||||
2023 | 2022 | |||||||||||||||
Number | Number | |||||||||||||||
The average monthly number of employees (including directors) during the year was: | ||||||||||||||||
4 | Tangible fixed assets | |||||||||||||||
Plant and machinery | Total | |||||||||||||||
£ | £ | |||||||||||||||
Cost or revaluation | ||||||||||||||||
At 1 December 2022 | ||||||||||||||||
At 30 November 2023 | ||||||||||||||||
Depreciation | ||||||||||||||||
At 1 December 2022 | ||||||||||||||||
Charge for the year | ||||||||||||||||
At 30 November 2023 | ||||||||||||||||
Net book values | ||||||||||||||||
At 30 November 2023 | ||||||||||||||||
At 30 November 2022 | 3,648 | |||||||||||||||
5 | Stocks | |||||||||||||||
2023 | 2022 | |||||||||||||||
£ | £ | |||||||||||||||
Work in progress | ||||||||||||||||
6 | Debtors | |||||||||||||||
2023 | 2022 | |||||||||||||||
£ | £ | |||||||||||||||
VAT recoverable | ||||||||||||||||
Other debtors | ||||||||||||||||
Prepayments and accrued income | ||||||||||||||||
7 | Creditors: | |||||||||||||||
amounts falling due within one year | ||||||||||||||||
2023 | 2022 | |||||||||||||||
£ | £ | |||||||||||||||
Bank loans and overdrafts | ||||||||||||||||
Other loans | ||||||||||||||||
Trade creditors | ||||||||||||||||
Taxes and social security | ||||||||||||||||
Loans from directors | ||||||||||||||||
Other creditors | ||||||||||||||||
Accruals and deferred income | ||||||||||||||||
8 | Creditors: | |||||||||||||||
amounts falling due after more than one year | ||||||||||||||||
2023 | 2022 | |||||||||||||||
£ | £ | |||||||||||||||
Bank loans and overdrafts | ||||||||||||||||
9 | Reserves | |||||||||||||||
10 | Guarantees and commitments | |||||||||||||||
2023 | 2022 | |||||||||||||||
£ | £ | |||||||||||||||
Total of guarantees and commitments | ||||||||||||||||