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REGISTERED NUMBER: 08509702 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Adept Space Ltd

Adept Space Ltd (Registered number: 08509702)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Adept Space Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: G F Fleming





SECRETARY:





REGISTERED OFFICE: 16 Chartfield Square
London
SW15 6DR





REGISTERED NUMBER: 08509702 (England and Wales)





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

Adept Space Ltd (Registered number: 08509702)

Abridged Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,694 8,314

CURRENT ASSETS
Debtors 61,533 111,799
Cash at bank 128,492 72,522
190,025 184,321
CREDITORS
Amounts falling due within one year 42,225 50,698
NET CURRENT ASSETS 147,800 133,623
TOTAL ASSETS LESS CURRENT
LIABILITIES

161,494

141,937

PROVISIONS FOR LIABILITIES 3,424 1,580
NET ASSETS 158,070 140,357

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 157,970 140,257
SHAREHOLDERS' FUNDS 158,070 140,357

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 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.

Adept Space Ltd (Registered number: 08509702)

Abridged Balance Sheet - continued
30 April 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 30 April 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 20 November 2024 and were signed by:





G F Fleming - Director


Adept Space Ltd (Registered number: 08509702)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Adept Space Ltd 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

Adept Space Ltd (Registered number: 08509702)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 23,928
Additions 11,280
At 30 April 2024 35,208
DEPRECIATION
At 1 May 2023 15,614
Charge for year 5,900
At 30 April 2024 21,514
NET BOOK VALUE
At 30 April 2024 13,694
At 30 April 2023 8,314

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
G F Fleming
Balance outstanding at start of year - 14
Amounts advanced - (14 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

6. ULTIMATE CONTROLLING PARTY

The controlling party is G F Fleming.