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REGISTERED NUMBER: 13317905 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 April 2024

for

SPACE AM LIMITED

SPACE AM LIMITED (REGISTERED NUMBER: 13317905)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SPACE AM LIMITED

Company Information
for the year ended 30 April 2024







DIRECTORS: C J Isaac
N H H Jones





REGISTERED OFFICE: Marsh Cottage Marsh Road
Leonard Stanley
Stonehouse
Gloucestershire
GL10 3NG





REGISTERED NUMBER: 13317905 (England and Wales)





ACCOUNTANTS: MGB Accountants (Stonehouse) Limited
Suite 5, First Floor
The Counting House
Bonds Mill Estate
Stonehouse
Gloucestershire
GL10 3RF

SPACE AM LIMITED (REGISTERED NUMBER: 13317905)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 50 50
TOTAL ASSETS LESS CURRENT
LIABILITIES

50

50

CAPITAL AND RESERVES
Called up share capital 50 50
50 50

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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 6 November 2024 and were signed on its behalf by:





C J Isaac - Director


SPACE AM LIMITED (REGISTERED NUMBER: 13317905)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Space Am 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.

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 2 (2023 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 50 50

5. FINANCIAL REVIEW

In July 2022, SpaceAM and the LEVL probe designs were published in 'MDPI Aerospace' and peer-reviewed with the purpose of attaching the LEVL probe design to future Venus Life Finder missions and/or using it with gases and atmosphere particle detection here on Earth.

While still in the business development phase, the directors would like it recorded that during 2022, 2023 and 2024, both Christopher Isaac and Nick Jones worked in excess 1,000 hours on the research and development of the LEVL probe and the business SpaceAM.

The directors would like to acknowledge the contributions made by Exeter University in the UK for their additional support with the research and development of the flight characteristics model for the LEVL probe.

At the time of publishing these accounts, neither of the directors has yet taken any remuneration from the business or from third parties for their work. As a result, both directors will look to be rewarded for the time spent thus far in the future of the business.