Company Registration No. 10859210 (England and Wales)
SPACEMAKER DEVELOPMENTS LTD
Unaudited accounts
for the year ended 31 July 2024
SPACEMAKER DEVELOPMENTS LTD
Unaudited accounts
Contents
SPACEMAKER DEVELOPMENTS LTD
Company Information
for the year ended 31 July 2024
Directors
Robert Millward
Stephen Owens
Moomith Hassan Ullah
Company Number
10859210 (England and Wales)
Registered Office
Suite 1 Xenus House Sandpiper Court
Eaton Socon
ST Neots
PE19 8EP
England
Accountants
Avizio Accountants & Tax Advisory Ltd
Level 30, The Leadenhall Building,
122 Leadenhall Street
London
EC3V 4AB
SPACEMAKER DEVELOPMENTS LTD
Statement of financial position
as at 31 July 2024
Tangible assets
40,397
46,862
Debtors
2,059,243
1,573,323
Cash at bank and in hand
1,945,663
2,658,847
Creditors: amounts falling due within one year
(2,566,818)
(3,690,227)
Net current assets
1,438,088
541,943
Total assets less current liabilities
1,478,485
588,805
Creditors: amounts falling due after more than one year
(1,090,822)
(65,790)
Net assets
387,663
523,015
Called up share capital
100
100
Profit and loss account
387,563
522,915
Shareholders' funds
387,663
523,015
For the year ending 31 July 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 directors acknowledge their 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 of Directors and authorised for issue on 13 December 2024 and were signed on its behalf by
Moomith Hassan Ullah
Director
Company Registration No. 10859210
SPACEMAKER DEVELOPMENTS LTD
Notes to the Accounts
for the year ended 31 July 2024
SPACEMAKER DEVELOPMENTS LTD is a private company, limited by shares, registered in England and Wales, registration number 10859210. The registered office is Suite 1 Xenus House Sandpiper Court, Eaton Socon, ST Neots, PE19 8EP, England.
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
25% straightline method
Motor vehicles
25% straightline method
Computer equipment
25% straightline method
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
SPACEMAKER DEVELOPMENTS LTD
Notes to the Accounts
for the year ended 31 July 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2023
11,368
60,093
16,302
87,763
Additions
932
-
3,889
4,821
At 31 July 2024
12,300
60,093
20,191
92,584
At 1 August 2023
6,390
28,064
6,447
40,901
Charge for the year
3,157
8,007
122
11,286
At 31 July 2024
9,547
36,071
6,569
52,187
At 31 July 2024
2,753
24,022
13,622
40,397
At 31 July 2023
4,978
32,029
9,855
46,862
Amounts falling due within one year
Trade debtors
585,803
1,418,139
Accrued income and prepayments
30,422
9,369
Other debtors
1,443,018
145,815
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
9,990
23,584
Trade creditors
508,669
1,437,873
Taxes and social security
142,966
153,721
Other creditors
42,589
36,984
Loans from directors
22,185
-
Accruals
1,157,789
394,358
Deferred income
304,057
622,000
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
32,208
47,186
Other creditors
1,050,000
-
SPACEMAKER DEVELOPMENTS LTD
Notes to the Accounts
for the year ended 31 July 2024
The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £22,273. Included in other creditors at the year end there is an amount payable of £8,938.
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
10
Transactions with related parties
At the year end, the directors owed £27,465 (2023 - £0.00) to the company. Interest was charged on the loan at the official rate.
11
Average number of employees
During the year the average number of employees was 24 (2023: 23).