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REGISTERED NUMBER: 04902663 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Posh Space Limited

Posh Space Limited (Registered number: 04902663)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Posh Space Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mrs HB Riches





SECRETARY:





REGISTERED OFFICE: 22 Burcote Road
London
SW18 3LQ





REGISTERED NUMBER: 04902663 (England and Wales)





ACCOUNTANTS: PennyBooks Limited
Unit 111, The Light Bulb
1 Filament Walk
London
SW18 4GQ

Posh Space Limited (Registered number: 04902663)

Abridged Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 838 441

CURRENT ASSETS
Debtors 5,668 6,216
Cash at bank 39,750 20,705
45,418 26,921
CREDITORS
Amounts falling due within one year 9,542 6,570
NET CURRENT ASSETS 35,876 20,351
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,714

20,792

PROVISIONS FOR LIABILITIES 159 84
NET ASSETS 36,555 20,708

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 36,554 20,707
SHAREHOLDERS' FUNDS 36,555 20,708

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Posh Space Limited (Registered number: 04902663)

Abridged Balance Sheet - continued
29 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 18 October 2024 and were signed by:





Mrs HB Riches - Director


Posh Space Limited (Registered number: 04902663)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Posh Space 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.

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 - 25% 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Posh Space Limited (Registered number: 04902663)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023 8,047
Additions 823
At 29 February 2024 8,870
DEPRECIATION
At 1 March 2023 7,606
Charge for year 426
At 29 February 2024 8,032
NET BOOK VALUE
At 29 February 2024 838
At 28 February 2023 441

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
Mrs HB Riches
Balance outstanding at start of year (67 ) (9,943 )
Amounts advanced (318 ) 9,876
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (385 ) (67 )

6. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs HB Riches.