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REGISTERED NUMBER: 13013881 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30th September 2024

for

Space Outdoor Signage Limited

Space Outdoor Signage Limited (Registered number: 13013881)






Contents of the Financial Statements
for the Year Ended 30th September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Space Outdoor Signage Limited

Company Information
for the Year Ended 30th September 2024







DIRECTOR: B L Baker





REGISTERED OFFICE: Permanent House
1 Dundas Street
Huddersfield
HD1 2EX





REGISTERED NUMBER: 13013881 (England and Wales)

Space Outdoor Signage Limited (Registered number: 13013881)

Balance Sheet
30th September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 128,333 148,333
Tangible assets 5 98,275 70,448
226,608 218,781

CURRENT ASSETS
Stocks 1,819 15,799
Debtors 6 265,136 247,771
Cash at bank 102,329 110,635
369,284 374,205
CREDITORS
Amounts falling due within one year 7 298,973 284,771
NET CURRENT ASSETS 70,311 89,434
TOTAL ASSETS LESS CURRENT
LIABILITIES

296,919

308,215

CREDITORS
Amounts falling due after more than one
year

8

34,356

80,000
NET ASSETS 262,563 228,215

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 262,562 228,214
SHAREHOLDERS' FUNDS 262,563 228,215

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30th September 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.

Space Outdoor Signage Limited (Registered number: 13013881)

Balance Sheet - continued
30th September 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 director and authorised for issue on 16th January 2025 and were signed by:





B L Baker - Director


Space Outdoor Signage Limited (Registered number: 13013881)

Notes to the Financial Statements
for the Year Ended 30th September 2024

1. STATUTORY INFORMATION

Space Outdoor Signage 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 2021, is being amortised evenly over its estimated useful life of ten 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on Reducing Balance
Fixtures and fittings - 15% on Reducing Balance
Motor vehicles - 25% on Reducing Balance
Computer equipment - 25% Straight Line Basis

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Space Outdoor Signage Limited (Registered number: 13013881)

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

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 8 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st October 2023
and 30th September 2024 200,000
AMORTISATION
At 1st October 2023 51,667
Charge for year 20,000
At 30th September 2024 71,667
NET BOOK VALUE
At 30th September 2024 128,333
At 30th September 2023 148,333

Space Outdoor Signage Limited (Registered number: 13013881)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st October 2023 112,384
Additions 80,290
Disposals (29,429 )
At 30th September 2024 163,245
DEPRECIATION
At 1st October 2023 41,936
Charge for year 37,213
Eliminated on disposal (14,179 )
At 30th September 2024 64,970
NET BOOK VALUE
At 30th September 2024 98,275
At 30th September 2023 70,448

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 24,699
At 30th September 2024 24,699
DEPRECIATION
Charge for year 4,940
At 30th September 2024 4,940
NET BOOK VALUE
At 30th September 2024 19,759

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 238,187 232,303
Other debtors 26,949 15,468
265,136 247,771

Space Outdoor Signage Limited (Registered number: 13013881)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 5,557 -
Trade creditors 112,926 148,702
Taxation and social security 92,711 65,961
Other creditors 87,779 70,108
298,973 284,771

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 14,356 -
Other creditors 20,000 80,000
34,356 80,000

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Hire purchase contracts 19,913 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
1 Ordinary £1 1 1

11. ULTIMATE PARENT COMPANY

The ultimate parent company is UK Signage Group Limited, Permanent House, 1 Dundas Street, Huddersfield, England, HD1 2EX, a company incorporated in England and Wales.

The financial statements of the holding company are available to the public and may be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.