Registered number
12330446
Shared Space Hitchin Ltd
Filleted Accounts
30 November 2024
Shared Space Hitchin Ltd
Registered number: 12330446
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 10 1,200
Cash at bank and in hand - 3,473
10 4,673
Creditors: amounts falling due within one year 4 - (3,758)
Net current assets 10 915
Net assets 10 915
Capital and reserves
Called up share capital 10 10
Profit and loss account - 905
Shareholders' funds 10 915
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mark Sharp
Director
Approved by the board on 26 February 2025
Shared Space Hitchin Ltd
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Current tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 2
3 Debtors 2024 2023
£ £
Other debtors 10 1,200
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs - 2,750
Other creditors - 1,008
- 3,758
5 Other information
The Director has decided to transfer this trade to his other company Inky Graphic Design Ltd with effect from August 2024, and this limited company will therefore close.
Shared Space Hitchin Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Exchange Yard, Market Place, Hitchin, Herts. SG5 1AR
Shared Space Hitchin Ltd 12330446 false 2023-12-01 2024-11-30 2024-11-30 VT Final Accounts July 2024 Mark Sharp No description of principal activity 12330446 2022-12-01 2023-11-30 12330446 core:WithinOneYear 2023-11-30 12330446 core:ShareCapital 2023-11-30 12330446 core:RetainedEarningsAccumulatedLosses 2023-11-30 12330446 2023-12-01 2024-11-30 12330446 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 12330446 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 12330446 bus:Director40 2023-12-01 2024-11-30 12330446 1 2023-12-01 2024-11-30 12330446 2 2023-12-01 2024-11-30 12330446 countries:England 2023-12-01 2024-11-30 12330446 bus:FRS102 2023-12-01 2024-11-30 12330446 bus:FilletedAccounts 2023-12-01 2024-11-30 12330446 2024-11-30 12330446 core:WithinOneYear 2024-11-30 12330446 core:ShareCapital 2024-11-30 12330446 core:RetainedEarningsAccumulatedLosses 2024-11-30 12330446 2023-11-30 iso4217:GBP xbrli:pure