IRIS Accounts Production v24.3.2.46 13664259 Board of Directors Board of Directors 1.5.23 30.4.24 30.4.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh136642592023-04-30136642592024-04-30136642592023-05-012024-04-30136642592022-04-30136642592022-05-012023-04-30136642592023-04-3013664259ns15:EnglandWales2023-05-012024-04-3013664259ns14:PoundSterling2023-05-012024-04-3013664259ns10:Director12023-05-012024-04-3013664259ns10:Director22023-05-012024-04-3013664259ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3013664259ns10:SmallEntities2023-05-012024-04-3013664259ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3013664259ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3013664259ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3013664259ns10:FullAccounts2023-05-012024-04-301366425912023-05-012024-04-3013664259ns10:CompanySecretary12023-05-012024-04-3013664259ns10:RegisteredOffice2023-05-012024-04-3013664259ns5:CurrentFinancialInstruments2024-04-3013664259ns5:CurrentFinancialInstruments2023-04-3013664259ns5:ShareCapital2024-04-3013664259ns5:ShareCapital2023-04-3013664259ns5:RetainedEarningsAccumulatedLosses2024-04-3013664259ns5:RetainedEarningsAccumulatedLosses2023-04-3013664259ns5:NetGoodwill2023-05-012024-04-3013664259ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3013664259ns5:NetGoodwill2023-04-3013664259ns5:NetGoodwill2024-04-3013664259ns5:NetGoodwill2023-04-3013664259ns5:PlantMachinery2023-04-3013664259ns5:PlantMachinery2023-05-012024-04-3013664259ns5:PlantMachinery2024-04-3013664259ns5:PlantMachinery2023-04-3013664259ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3013664259ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-30
REGISTERED NUMBER: 13664259 (England and Wales)












Financial Statements

for the Year Ended 30 April 2024

for

OUR SPACE LTD

OUR SPACE LTD (REGISTERED NUMBER: 13664259)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OUR SPACE LTD

Company Information
for the Year Ended 30 April 2024







DIRECTORS: T J Hancock
P T Kelly





SECRETARY:





REGISTERED OFFICE: Station Yard
Bowes Hill
Rowlands Castle
Hampshire
PO9 6BP





REGISTERED NUMBER: 13664259 (England and Wales)





ACCOUNTANTS: Loveless & Co Accountants Ltd
Unit 19b
The Wren Centre
Westbourne Road
Emsworth
Hampshire
PO10 7SU

OUR SPACE LTD (REGISTERED NUMBER: 13664259)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,000 8,000
Tangible assets 5 55,279 39,201
61,279 47,201

CURRENT ASSETS
Debtors 6 91,131 28,801
Cash at bank 209,328 141,505
300,459 170,306
CREDITORS
Amounts falling due within one year 7 258,898 128,812
NET CURRENT ASSETS 41,561 41,494
TOTAL ASSETS LESS CURRENT
LIABILITIES

102,840

88,695

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 102,839 88,694
102,840 88,695

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 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.

OUR SPACE LTD (REGISTERED NUMBER: 13664259)

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.

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 13 January 2025 and were signed on its behalf by:




P T Kelly - Director



T J Hancock - Director


OUR SPACE LTD (REGISTERED NUMBER: 13664259)

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

1. STATUTORY INFORMATION

Our 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

OUR SPACE LTD (REGISTERED NUMBER: 13664259)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 10,000
AMORTISATION
At 1 May 2023 2,000
Charge for year 2,000
At 30 April 2024 4,000
NET BOOK VALUE
At 30 April 2024 6,000
At 30 April 2023 8,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 48,269
Additions 34,507
At 30 April 2024 82,776
DEPRECIATION
At 1 May 2023 9,068
Charge for year 18,429
At 30 April 2024 27,497
NET BOOK VALUE
At 30 April 2024 55,279
At 30 April 2023 39,201

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 89,235 5,666
Other debtors 1,896 23,135
91,131 28,801

OUR SPACE LTD (REGISTERED NUMBER: 13664259)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,302 1,518
Trade creditors 39,139 37,172
Taxation and social security 47,140 15,056
Other creditors 169,317 75,066
258,898 128,812