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REGISTERED NUMBER: 09597788 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

ADDSPACE LONDON LTD

ADDSPACE LONDON LTD (REGISTERED NUMBER: 09597788)






Contents of the Financial Statements
for the Year Ended 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ADDSPACE LONDON LTD

Company Information
for the Year Ended 31 MAY 2024







DIRECTOR: C P Williams





REGISTERED OFFICE: Unit 5 The Barn
Warley Street
Brentwood
CM13 3LB





REGISTERED NUMBER: 09597788 (England and Wales)





ACCOUNTANTS: Beke Lodge Business Consultants Limited
Beke Lodge
Beke Hall Chase North
Rayleigh
Essex
SS6 9EZ

ADDSPACE LONDON LTD (REGISTERED NUMBER: 09597788)

Balance Sheet
31 MAY 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,995 21,744

CURRENT ASSETS
Debtors 5 23,892 60,107
Cash at bank 65,241 37,293
89,133 97,400
CREDITORS
Amounts falling due within one year 6 84,366 101,343
NET CURRENT ASSETS/(LIABILITIES) 4,767 (3,943 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,762

17,801

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 37,761 17,800
SHAREHOLDERS' FUNDS 37,762 17,801

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

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

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 15 February 2025 and were signed by:





C P Williams - Director


ADDSPACE LONDON LTD (REGISTERED NUMBER: 09597788)

Notes to the Financial Statements
for the Year Ended 31 MAY 2024

1. STATUTORY INFORMATION

Addspace London 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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 3 (2023 - 3 ) .

ADDSPACE LONDON LTD (REGISTERED NUMBER: 09597788)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 8,401 34,500 4,541 47,442
Additions 22,250 - - 22,250
At 31 May 2024 30,651 34,500 4,541 69,692
DEPRECIATION
At 1 June 2023 5,835 16,965 2,898 25,698
Charge for year 6,204 4,384 411 10,999
At 31 May 2024 12,039 21,349 3,309 36,697
NET BOOK VALUE
At 31 May 2024 18,612 13,151 1,232 32,995
At 31 May 2023 2,566 17,535 1,643 21,744

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade debtors 21,892 58,107
Prepayments 2,000 2,000
23,892 60,107

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Bank loans and overdrafts 20,286 30,478
Trade creditors 31,279 24,586
Tax 1,128 7,212
Social security and other taxes 6,602 6,042
VAT 22,653 20,020
Directors' current accounts 728 11,745
Accrued expenses 1,690 1,260
84,366 101,343