Company Registration No. 5494006 (England and Wales)
New Space Limited
Unaudited accounts
for the year ended 30 June 2024
New Space Limited
Unaudited accounts
Contents
New Space Limited
Company Information
for the year ended 30 June 2024
Company Number
5494006 (England and Wales)
Registered Office
15a Walm Lane
London
NW2 5SJ
England and Wales
Accountants
Schiavi Pole Brett Ltd
15A Walm Lane
London
NW2 5SJ
New Space Limited
Statement of financial position
as at 30 June 2024
Tangible assets
29,522
39,214
Cash at bank and in hand
363,450
229,276
Creditors: amounts falling due within one year
(212,982)
(208,327)
Net current assets
150,855
60,949
Total assets less current liabilities
180,377
100,163
Provisions for liabilities
Deferred tax
(8,202)
(7,791)
Called up share capital
149
149
Capital redemption reserve
51
51
Profit and loss account
171,975
92,172
Shareholders' funds
172,175
92,372
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 February 2025 and were signed on its behalf by
Vitalijus Jonkus
Director
Company Registration No. 5494006
New Space Limited
Notes to the Accounts
for the year ended 30 June 2024
New Space Limited is a private company, limited by shares, registered in England and Wales, registration number 5494006. The registered office is 15a Walm Lane, London, NW2 5SJ, England and Wales.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
15% Reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2023
3,427
54,100
11,148
68,675
Disposals
-
(16,255)
-
(16,255)
At 30 June 2024
3,427
37,845
11,148
52,420
At 1 July 2023
2,329
21,153
5,979
29,461
Charge for the year
165
8,108
775
9,048
On disposals
-
(15,611)
-
(15,611)
At 30 June 2024
2,494
13,650
6,754
22,898
At 30 June 2024
933
24,195
4,394
29,522
At 30 June 2023
1,098
32,947
5,169
39,214
New Space Limited
Notes to the Accounts
for the year ended 30 June 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
34,313
58,876
Taxes and social security
43,332
25,439
Other creditors
73,008
69,822
Loans from directors
8,924
3,767
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Average number of employees
During the year the average number of employees was 2 (2023: 2).