Company registration number 09106251 (England and Wales)
SPACE INVADERS LOFT CONVERSIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
SPACE INVADERS LOFT CONVERSIONS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
SPACE INVADERS LOFT CONVERSIONS LIMITED (REGISTERED NUMBER: 09106251)
BALANCE SHEET
AS AT 30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
14,673
17,715
Current assets
Debtors
4
248,186
238,963
Cash at bank and in hand
76,317
116,701
324,503
355,664
Creditors: amounts falling due within one year
5
(323,107)
(348,655)
Net current assets
1,396
7,009
Total assets less current liabilities
16,069
24,724
Creditors: amounts falling due after more than one year
6
(9,730)
(19,735)
Provisions for liabilities
(3,292)
(2,984)
Net assets
3,047
2,005
Capital and reserves
Called up share capital
7
6
6
Profit and loss reserves
3,041
1,999
Total equity
3,047
2,005

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

SPACE INVADERS LOFT CONVERSIONS LIMITED (REGISTERED NUMBER: 09106251)
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024
30 June 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 24 October 2024
Mr J T S Byrne
Director
SPACE INVADERS LOFT CONVERSIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
1
Accounting policies
Company information

Space Invaders Loft Conversions Limited is a private company limited by shares incorporated in England and Wales. The registered office is 19-21 Swan Street, West Malling, Kent, ME19 6JU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Turnover for the sale of goods is recognised when all of the following conditions are met:

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

SPACE INVADERS LOFT CONVERSIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 4 -
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
25% on reducing balance
Fixtures, fittings & equipment
25% on reducing balance
Computer equipment
25% on reducing balance
Motor vehicles
25% on reducing balance
Website
25% on reducing balance
1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
SPACE INVADERS LOFT CONVERSIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 5 -
3
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Computer equipment
Motor vehicles
Website
Total
£
£
£
£
£
£
Cost
At 1 July 2023
33,340
1,593
8,338
8,034
2,500
53,805
Additions
1,594
-
0
-
0
-
0
-
0
1,594
At 30 June 2024
34,934
1,593
8,338
8,034
2,500
55,399
Depreciation and impairment
At 1 July 2023
20,855
1,316
6,468
6,963
488
36,090
Depreciation charged in the year
3,328
69
468
268
503
4,636
At 30 June 2024
24,183
1,385
6,936
7,231
991
40,726
Carrying amount
At 30 June 2024
10,751
208
1,402
803
1,509
14,673
At 30 June 2023
12,485
277
1,870
1,071
2,012
17,715
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
172,208
184,364
Other debtors
75,978
54,599
248,186
238,963

Included within other debtors is a directors' loan account of £42,038. This was repaid within 9 months of the year-end.

5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
10,000
10,000
Trade creditors
21,172
16,669
Taxation and social security
288,528
318,739
Other creditors
3,407
3,247
323,107
348,655
SPACE INVADERS LOFT CONVERSIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 6 -
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
9,730
19,735
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
3
3
3
3
Ordinary A of £1 each
1
1
1
1
Ordinary B of £1 each
1
1
1
1
Ordinary C of £1 each
1
1
1
1
6
6
6
6
8
Financial commitments, guarantees and contingent liabilities

During the 2020 accounting period, the company borrowed £50,000 from its bankers for a Bounce Back Loan. As part of this loan scheme, the UK government guaranteed the advance and paid the interest and fees due for the first 12 months. At the balance sheet date, the remaining amount outstanding was £19,730 (2023: £29,735). This loan is included within creditors due within one year and over one year on the balance sheet. The interest rate applicable to this loan is 2.50% per annum.

The company gives the bank a fixed and floating charge over its assets and undertaking owned now and in the future.

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