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REGISTERED NUMBER: 11705240 (England and Wales)









Financial Statements

for the Year Ended 31 December 2023

for

Space Made Group Limited

Space Made Group Limited (Registered number: 11705240)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Space Made Group Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J Rosenblatt
D Silverman





REGISTERED OFFICE: 28 Church Road
Stanmore
Middlesex
HA7 4XR





REGISTERED NUMBER: 11705240 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

Space Made Group Limited (Registered number: 11705240)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 80,907 80,369
Property, plant and equipment 5 44,507 18,310
125,414 98,679

CURRENT ASSETS
Debtors 6 931,126 456,641
Cash at bank 544,729 1,722,099
1,475,855 2,178,740
CREDITORS
Amounts falling due within one year 7 408,350 366,787
NET CURRENT ASSETS 1,067,505 1,811,953
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,192,919

1,910,632

CREDITORS
Amounts falling due after more than one
year

8

11,983

20,442
NET ASSETS 1,180,936 1,890,190

CAPITAL AND RESERVES
Called up share capital 9 1,337 1,337
Share premium 2,829,031 2,829,031
Retained earnings (1,649,432 ) (940,178 )
SHAREHOLDERS' FUNDS 1,180,936 1,890,190

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:




J Rosenblatt - Director


Space Made Group Limited (Registered number: 11705240)

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

1. STATUTORY INFORMATION

Space Made Group 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.

These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Computer software is being amortised evenly over its estimated useful life of three 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 etc - 33.33% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2022 - 15 ) .

Space Made Group Limited (Registered number: 11705240)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023 137,374
Additions 39,104
At 31 December 2023 176,478
AMORTISATION
At 1 January 2023 57,005
Charge for year 38,566
At 31 December 2023 95,571
NET BOOK VALUE
At 31 December 2023 80,907
At 31 December 2022 80,369

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 January 2023 27,753
Additions 41,752
At 31 December 2023 69,505
DEPRECIATION
At 1 January 2023 9,443
Charge for year 15,555
At 31 December 2023 24,998
NET BOOK VALUE
At 31 December 2023 44,507
At 31 December 2022 18,310

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 320,635 132,623
Other debtors 941 -
Deferred tax asset 528,349 298,592
Prepayments & accrued income 81,201 25,426
931,126 456,641

Space Made Group Limited (Registered number: 11705240)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,106 8,459
Trade creditors 50,726 33,712
Social security & other taxes 52,712 68,256
Value added tax 54,257 26,122
Other creditors 45,216 16,383
Directors' current accounts 165,120 166,708
Accruals & deferred income 30,213 47,147
408,350 366,787

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 2-5 years 11,983 20,442

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100,000 Ordinary 1p 1,337 1,337