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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
Page
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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
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SPACEMAKER DEVELOPMENTS LTD Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
40,397 
46,862 
Current assets
Debtors
2,059,243 
1,573,323 
Cash at bank and in hand
1,945,663 
2,658,847 
4,004,906 
4,232,170 
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 
Capital and reserves
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
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SPACEMAKER DEVELOPMENTS LTD Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Pension costs
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.
Leased assets
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.
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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 
Depreciation
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 
Net book value
At 31 July 2024
2,753 
24,022 
13,622 
40,397 
At 31 July 2023
4,978 
32,029 
9,855 
46,862 
5
Debtors
2024 
2023 
£ 
£ 
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 
2,059,243 
1,573,323 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
9,990 
23,584 
VAT
378,573 
1,021,707 
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 
2,566,818 
3,690,227 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,614 
18,604 
Obligations under finance leases and hire purchase contracts
32,208 
47,186 
Other creditors
1,050,000 
- 
1,090,822 
65,790 
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SPACEMAKER DEVELOPMENTS LTD Notes to the Accounts for the year ended 31 July 2024
8
Pension commitments
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.
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Loan
- 
27,465 
- 
27,465 
- 
27,465 
- 
27,465 
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).
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