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REGISTERED NUMBER: 08302219















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Space-Plug Limited

Space-Plug Limited (Registered number: 08302219)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Space-Plug Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: C S Petit





SECRETARY:





REGISTERED OFFICE: 398 Coast Road
Pevensey Bay
East Sussex
BN24 6NY





REGISTERED NUMBER: 08302219





ACCOUNTANTS: Stone's Accountancy Sussex Limited
398 Coast Road
Pevensey Bay
Pevensey
East Sussex
BN24 6NY

Space-Plug Limited (Registered number: 08302219)

Balance Sheet
31 January 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,463 3,079

CURRENT ASSETS
Stocks 22,665 10,416
Debtors 5 22,730 20,527
Cash at bank and in hand 5,711 32,738
51,106 63,681
CREDITORS
Amounts falling due within one year 6 28,660 24,797
NET CURRENT ASSETS 22,446 38,884
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,909

41,963

CREDITORS
Amounts falling due after more than
one year

7

44,564

50,534
NET LIABILITIES (19,655 ) (8,571 )

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings (19,756 ) (8,672 )
SHAREHOLDERS' FUNDS (19,655 ) (8,571 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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-Plug Limited (Registered number: 08302219)

Balance Sheet - continued
31 January 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 14 October 2024 and were signed by:





C S Petit - Director


Space-Plug Limited (Registered number: 08302219)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Space-Plug Limited is a private company, limited by shares , registered in Not specified/Other. 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 - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

Space-Plug Limited (Registered number: 08302219)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 February 2023
and 31 January 2024 24,000 2,000 1,926 27,926
DEPRECIATION
At 1 February 2023 22,532 1,581 734 24,847
Charge for year 294 84 238 616
At 31 January 2024 22,826 1,665 972 25,463
NET BOOK VALUE
At 31 January 2024 1,174 335 954 2,463
At 31 January 2023 1,468 419 1,192 3,079

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade debtors 22,730 20,527

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade creditors 20,327 21,754
Tax 2,236 1,231
VAT 5,255 1,720
Directors' loan accounts 597 486
Accrued expenses 245 (394 )
28,660 24,797

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31/1/24 31/1/23
£    £   
Bank loans - 2-5 years 14,030 20,000
Other loans - 1-2 years 186 186
Other loans - 2-5 years 30,348 30,348
44,564 50,534

Space-Plug Limited (Registered number: 08302219)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the director has loaned the company the loan account. No interest has been charged for this loan and the loan is repayable on demand.