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Registered Number: 06025172
England and Wales

 

 

 

SPACE MARKETING LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024
Director Mr David Hobden
Registered Number 06025172
Registered Office Unit 10, Clayfield Mews
Newcomen Road
Tunbridge Wells
Kent
TN4 9PA
Accountants OMB Tax Limited
Unit 10, Clayfield Mews
Newcomen Road
Tunbridge Wells
TN4 9PA
Secretary Mr David Hobden
1
Director's report and financial statements
The director presents his annual report and the financial statements for the year ended 31 December 2024.
Principal activities
Advertising agency was the principal activity of the Company during the financial year.
Director
The director who served throughout the year was as follows:
Mr David Hobden
Statement of director's responsibilities
The director is responsible for preparing the director's report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.  Company law requires the director to prepare financial statements for each financial year.  Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102).  Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the Company and the profit or loss of the Company for that year.

In preparing these financial statements, the director is required to:

- Select suitable accounting policies and then apply them consistently;
- Make judgements and accounting estimates that are reasonable and prudent;
- State whether applicable UK Accounting Standards have been followed (subject to any material departures disclosed); and
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume continuation.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable him to ensure that the financial statements comply with the Companies Act 2006.  He is also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.  The director is also responsible for the maintenance and integrity of the corporate and financial information included on the Company's website.

Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions.

On behalf of the board.


----------------------------------
Mr David Hobden
Director

Date approved: 21 February 2025
2
You consider that the Company is exempt from an audit for the year ended 31 December 2024.

You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.  These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the Company at the end of the financial year and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the Company and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently, we do not express any opinion on these accounts.



OMB Tax Limited

Unit 10, Clayfield Mews
Newcomen Road
Tunbridge Wells
TN4 9PA
21 February 2025
3
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 4 15,189   
Tangible fixed assets 5 1,094    1,458 
16,283    1,458 
Current assets      
Debtors 6 104,524    99,493 
Cash at bank and in hand 42,062    18,118 
146,586    117,611 
Creditors: amount falling due within one year 7 (103,650)   (68,367)
Net current assets 42,936    49,244 
 
Total assets less current liabilities 59,219    50,702 
Creditors: amount falling due after more than one year 8 (38,785)   (49,637)
Net assets 20,434    1,065 
 

Capital and reserves
     
Called up share capital 9 100    100 
Profit and loss account 20,334    965 
Shareholders' funds 20,434    1,065 
 


For the year ended 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 21 February 2025 and were signed by:


-------------------------------
Mr David Hobden
Director
4
General Information
Space Marketing Limited is a private company, limited by shares, registered in England and Wales, under 06025172, at Unit 10, Clayfield Mews, Newcomen Road, Tunbridge Wells, Kent, TN4 9PA. The trading address of the company is 4 Welbeck Avenue, Tunbridge Wells, Kent, TN4 9BD.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A), the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006.
Basis of preparation
These financial statements are prepared in sterling, which is the functional currency of the Company, under the historical cost convention in accordance with the accounting policies.  
Going concern basis
The director believes the Company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully.  Accordingly, he has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future.   Thus, he continues to adopt the going concern basis of accounting in preparing these financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the Company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable recognised in the profit & loss account.  The Company's liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.  Current tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are amortised at rates calculated to write off the assets on a straight-line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Magazine Titles
Magazine Titles are stated at historical cost less amortisation calculated on a straight-line basis over the first 5 years of ownership.
Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less depreciation and any provision for impairment.  Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery 25% Reducing Balance
Computer Equipment 33% Straight Line
Factored debts
The Company includes factored debts within trade debtors since most of the risks and rewards of ownership of the factored debts have not passed to the factors.  Where deemed necessary to show a true and fair view, a corresponding liability is included in liabilities in respect of the proceeds received from the factor.
2.

Average number of employees

Average number of employees during the year was 5 (2023 : 5).
3.

Indebtedness

The Company has given a fixed and floating charge registered on 18 February 2020 over all its assets and undertaking present and future pursuant to a full invoice factoring facility.  More full particulars of the charge have been filed with the Registrar of Companies.

4.

Intangible fixed assets

Cost Magazine Titles   Total
  £   £
At 01 January 2024 43,822    43,822 
Additions  
Disposals  
At 31 December 2024 43,822    43,822 
Amortisation
At 01 January 2024 24,836    24,836 
Charge for year 3,797    3,797 
On disposals  
At 31 December 2024 28,633    28,633 
Net book values
At 31 December 2024 15,189    15,189 
At 31 December 2023 18,986    18,986 


5.

Tangible fixed assets

Cost or valuation Plant and Machinery   Computer Equipment   Total
  £   £   £
At 01 January 2024 34,746    2,345    37,091 
Additions    
Disposals    
At 31 December 2024 34,746    2,345    37,091 
Depreciation
At 01 January 2024 33,289    2,344    35,633 
Charge for year 364      364 
On disposals    
At 31 December 2024 33,653    2,344    35,997 
Net book values
Closing balance as at 31 December 2024 1,093    1    1,094 
Opening balance as at 01 January 2024 1,457    1    1,458 


6.

Debtors: amounts falling due within one year

2024
£
  2023
£
Other Debtors 104,524    99,493 
104,524    99,493 

7.

Creditors: amount falling due within one year

2024
£
  2023
£
Other Creditors 103,650    68,367 
103,650    68,367 

8.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Other Creditors 38,785    49,637 
38,785    49,637 

9.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

10.

Bank loans

Included within Creditors are unsecured bank loans repayable by instalments:

Repayable within 12 months £14,892.
Repayable between 2 and 5 years £38,785.
5