Company Registration No. 12164195 (England and Wales)
Utopia Spaces Ltd
Unaudited accounts
for the year ended 31 August 2023
Utopia Spaces Ltd
Unaudited accounts
Contents
Utopia Spaces Ltd
Company Information
for the year ended 31 August 2023
Director
Mr Matthew Raymond Naylor
Company Number
12164195 (England and Wales)
Registered Office
16 Dearnford Close
Wirral
CH62 6EW
UK
Accountants
Wirral Accounting Solutions Ltd
187 Mill Park Drive
Eastham
Wirral
Merseyside
CH62 9AY
Utopia Spaces Ltd
Statement of financial position
as at 31 August 2023
Tangible assets
11,755
15,319
Cash at bank and in hand
24,622
7,239
Creditors: amounts falling due within one year
(40,727)
(13,751)
Net current assets
10,983
988
Total assets less current liabilities
22,738
16,307
Creditors: amounts falling due after more than one year
(15,035)
(20,060)
Net assets/(liabilities)
7,703
(3,753)
Called up share capital
1
1
Profit and loss account
7,702
(3,754)
Shareholders' funds
7,703
(3,753)
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 November 2024 and were signed on its behalf by
Mr Matthew Raymond Naylor
Director
Company Registration No. 12164195
Utopia Spaces Ltd
Notes to the Accounts
for the year ended 31 August 2023
Utopia Spaces Ltd is a private company, limited by shares, registered in England and Wales, registration number 12164195. The registered office is 16 Dearnford Close, Wirral, CH62 6EW, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
15% straight line
Fixtures & fittings
15% straight line.
Computer equipment
25% straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 September 2022
2,321
13,620
5,349
1,053
22,343
At 31 August 2023
2,321
13,620
5,349
1,053
22,343
At 1 September 2022
928
4,086
1,755
255
7,024
Charge for the year
464
2,043
802
255
3,564
At 31 August 2023
1,392
6,129
2,557
510
10,588
At 31 August 2023
929
7,491
2,792
543
11,755
At 31 August 2022
1,393
9,534
3,594
798
15,319
Amounts falling due within one year
Utopia Spaces Ltd
Notes to the Accounts
for the year ended 31 August 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,000
5,000
Obligations under finance leases and hire purchase contracts
3,000
3,000
Taxes and social security
8,615
-
Loans from directors
-
2,736
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
3,680
6,205
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).