2023-04-012024-03-312024-03-31false11258301THIRD SPACE SOLUTIONS 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THIRD SPACE SOLUTIONS LIMITED

Registered Number
11258301
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

THIRD SPACE SOLUTIONS LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

Peter Frank Evans
Dr Gurbakhash Singh Sanghera

Registered Address

Omni House
Sheene Road
Leicester
LE4 1BF

Registered Number

11258301 (England and Wales)
THIRD SPACE SOLUTIONS LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investments4180,690-
180,690-
Current assets
Debtors41,61742,376
Cash at bank and on hand416
41,62142,392
Creditors amounts falling due within one year6(530,406)(371,773)
Net current assets (liabilities)(488,785)(329,381)
Total assets less current liabilities(308,095)(329,381)
Net assets(308,095)(329,381)
Capital and reserves
Called up share capital11
Profit and loss account(308,096)(329,382)
Shareholders' funds(308,095)(329,381)
The financial statements were approved and authorised for issue by the Board of Directors on 31 October 2024, and are signed on its behalf by:
Dr Gurbakhash Singh Sanghera
Director
Registered Company No. 11258301
THIRD SPACE SOLUTIONS LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets
4.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
Additions180,690180,690
At 31 March 24180,690180,690
Net book value
At 31 March 24180,690180,690
At 31 March 23--

Notes

1Investments in group undertakings and participating interests
5.Stocks
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables53,3376,619
Bank borrowings and overdrafts200,000200,000
Taxation and social security10,85717,792
Other creditors262,012130,362
Accrued liabilities and deferred income4,20017,000
Total530,406371,773
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.