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REGISTERED NUMBER: 07403856 (England and Wales)















Financial Statements for the Year Ended 31st October 2024

for

Spacehub Design Limited

Spacehub Design Limited (Registered number: 07403856)

Contents of the Financial Statements
for the Year Ended 31st October 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Spacehub Design Limited

Company Information
for the Year Ended 31st October 2024







DIRECTORS: G Charlton
I T Smith





REGISTERED OFFICE: First Floor
Front Building
148-150 Curtain Road
London
EC2A 3AT





REGISTERED NUMBER: 07403856 (England and Wales)





ACCOUNTANTS: Armstrong & Co
Chartered Accountants
4a Printing House Yard
Hackney Road
London
E2 7PR

Spacehub Design Limited (Registered number: 07403856)

Statement of Financial Position
31st October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,949 24,546

CURRENT ASSETS
Debtors 5 467,112 367,984
Cash at bank 124,829 427,265
591,941 795,249
CREDITORS
Amounts falling due within one year 6 305,604 261,211
NET CURRENT ASSETS 286,337 534,038
TOTAL ASSETS LESS CURRENT
LIABILITIES

325,286

558,584

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 7 325,136 558,434
SHAREHOLDERS' FUNDS 325,286 558,584

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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.

Spacehub Design Limited (Registered number: 07403856)

Statement of Financial Position - continued
31st October 2024


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 25th November 2024 and were signed on its behalf by:




G Charlton - Director I T Smith - Director




M Pepper - Director


Spacehub Design Limited (Registered number: 07403856)

Notes to the Financial Statements
for the Year Ended 31st October 2024


1. STATUTORY INFORMATION

Spacehub Design 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.

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.
Office equipment - at varying rates on cost
Fixtures and fittings - 25% on cost
Computers & software - at varying rates 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 16 (2023 - 16 ) .

Spacehub Design Limited (Registered number: 07403856)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Office and Computers
equipment fittings & software Totals
£    £    £    £   
COST
At 1st November 2023 10,673 21,279 68,013 99,965
Additions - - 29,537 29,537
At 31st October 2024 10,673 21,279 97,550 129,502
DEPRECIATION
At 1st November 2023 8,553 14,762 52,104 75,419
Charge for year 1,054 1,633 12,447 15,134
At 31st October 2024 9,607 16,395 64,551 90,553
NET BOOK VALUE
At 31st October 2024 1,066 4,884 32,999 38,949
At 31st October 2023 2,120 6,517 15,909 24,546

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 449,562 351,090
Other debtors - 16,894
449,562 367,984

Amounts falling due after more than one year:
Other debtors 17,550 -

Aggregate amounts 467,112 367,984

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 110 672
Taxation and social security 262,086 177,190
Other creditors 43,408 83,349
305,604 261,211

Spacehub Design Limited (Registered number: 07403856)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024


7. RESERVES
Retained
earnings
£   

At 1st November 2023 558,434
Profit for the year 415,902
Dividends (124,200 )
Distribution to EOT (525,000 )
At 31st October 2024 325,136