Company Registration No. 02953672 (England and Wales)
Spatial Imaging Limited
Unaudited accounts
for the year ended 31 March 2024
Spatial Imaging Limited
Unaudited accounts
Contents
Spatial Imaging Limited
Company Information
for the year ended 31 March 2024
Directors
Brigette B Blicq
Robert A Munday
Company Number
02953672 (England and Wales)
Registered Office
Unit 8 - Studio A
Worton Hall Industrial Estate
Worton Road
Isleworth
TW7 6ER
United Kingdom
Spatial Imaging Limited
Statement of financial position
as at 31 March 2024
Tangible assets
3,047
4,063
Cash at bank and in hand
133,751
45,937
Creditors: amounts falling due within one year
(271,575)
(283,138)
Net current assets
118,573
312,729
Net assets
121,620
316,792
Called up share capital
121
121
Share premium
34,979
34,979
Profit and loss account
86,520
281,692
Shareholders' funds
121,620
316,792
For the year ending 31 March 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by
Robert A Munday
Director
Company Registration No. 02953672
Spatial Imaging Limited
Notes to the Accounts
for the year ended 31 March 2024
Spatial Imaging Limited is a private company, limited by shares, registered in England and Wales, registration number 02953672. The registered office is Unit 8 - Studio A, Worton Hall Industrial Estate, Worton Road, Isleworth, TW7 6ER, United Kingdom.
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:
Plant & machinery
25% Reducing Balance
Computer equipment
25% Reducing Balance
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been substantially paid for by customers.
Spatial Imaging Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
50,863
64,755
115,618
At 31 March 2024
50,863
64,755
115,618
At 1 April 2023
49,933
61,622
111,555
Charge for the year
233
783
1,016
At 31 March 2024
50,166
62,405
112,571
At 31 March 2024
697
2,350
3,047
At 31 March 2023
930
3,133
4,063
Amounts falling due within one year
Trade debtors
50,763
212,272
Other debtors
205,634
337,658
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
46,760
22,291
Deferred income
195,444
207,119
Allotted, called up and fully paid:
12,139 Ordinary shares of £0.01 each
121.39
121.39
8
Operating lease commitments
2024
2023
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
15,750
15,750
Spatial Imaging Limited
Notes to the Accounts
for the year ended 31 March 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Owed by Director
337,658
-
132,024
205,634
337,658
-
132,024
205,634
The loan is interest free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).