Spacepad Design and Build Ltd 11733243 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is Other service activities not elsewhere classified Digita Accounts Production Advanced 6.30.9574.0 true true 11733243 2023-07-01 2024-06-30 11733243 2024-06-30 11733243 bus:OrdinaryShareClass1 2024-06-30 11733243 bus:OrdinaryShareClass2 2024-06-30 11733243 bus:OrdinaryShareClass3 2024-06-30 11733243 core:CurrentFinancialInstruments 2024-06-30 11733243 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 11733243 core:Non-currentFinancialInstruments 2024-06-30 11733243 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 11733243 core:MoreThanFiveYears 1 2024-06-30 11733243 1 2024-06-30 11733243 1 2024-06-30 11733243 bus:SmallEntities 2023-07-01 2024-06-30 11733243 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 11733243 bus:FilletedAccounts 2023-07-01 2024-06-30 11733243 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 11733243 bus:RegisteredOffice 2023-07-01 2024-06-30 11733243 bus:Director1 2023-07-01 2024-06-30 11733243 bus:Director2 2023-07-01 2024-06-30 11733243 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 11733243 bus:OrdinaryShareClass2 2023-07-01 2024-06-30 11733243 bus:OrdinaryShareClass3 2023-07-01 2024-06-30 11733243 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11733243 1 2023-07-01 2024-06-30 11733243 countries:EnglandWales 2023-07-01 2024-06-30 11733243 1 2023-07-01 2024-06-30 11733243 1 2023-06-30 11733243 2022-07-01 2023-06-30 11733243 2023-06-30 11733243 bus:OrdinaryShareClass1 2023-06-30 11733243 bus:OrdinaryShareClass2 2023-06-30 11733243 bus:OrdinaryShareClass3 2023-06-30 11733243 core:CurrentFinancialInstruments 2023-06-30 11733243 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 11733243 core:Non-currentFinancialInstruments 2023-06-30 11733243 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 11733243 core:MoreThanFiveYears 1 2023-06-30 11733243 1 2023-06-30 11733243 1 2023-06-30 11733243 1 2022-07-01 2023-06-30 11733243 1 2022-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11733243

Spacepad Design and Build Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Spacepad Design and Build Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Spacepad Design and Build Ltd

Company Information

Directors

M H Platts

H M Powell-Platts

Registered office

643 Ecclesall Road
Sheffield
South Yorkshire
S11 8PT

Accountants

CHF Accountancy Limited
Courtwood House
Silver Street Head
Sheffield
South Yorkshire
S1 2DD

 

Spacepad Design and Build Ltd

(Registration number: 11733243)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

15,066

26,121

Cash at bank and in hand

 

278

2,265

 

15,344

28,386

Creditors: Amounts falling due within one year

5

(3,571)

(15,064)

Total assets less current liabilities

 

11,773

13,322

Creditors: Amounts falling due after more than one year

5

(11,670)

(13,877)

Net assets/(liabilities)

 

103

(555)

Capital and reserves

 

Called up share capital

6

99

99

Retained earnings

4

(654)

Shareholders' funds/(deficit)

 

103

(555)

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 April 2025 and signed on its behalf by:
 

.........................................
M H Platts
Director

 

Spacepad Design and Build Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
643 Ecclesall Road
Sheffield
South Yorkshire
S11 8PT
United Kingdom

These financial statements were authorised for issue by the Board on 2 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Spacepad Design and Build Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

Spacepad Design and Build Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Debtors

Current

2024
£

2023
£

Prepayments

-

25,000

Other debtors

15,066

1,121

 

15,066

26,121

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

2,163

2,064

Trade creditors

 

-

1,200

Accruals and deferred income

 

1,320

-

Other creditors

 

88

11,800

 

3,571

15,064

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

11,670

13,877

2024
£

2023
£

Due after more than five years

After more than five years by instalments

2,453

4,830

-

-

 

Spacepad Design and Build Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary 'A' Shares of £1 each

33

33

33

33

Ordinary 'B' Shares of £1 each

33

33

33

33

Ordinary 'C' Shares of £1 each

33

33

33

33

99

99

99

99

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

11,670

13,877

Current loans and borrowings

2024
£

2023
£

Bank borrowings

2,163

2,064

Bank borrowings

Bounceback loan is denominated in GB£ with a nominal interest rate of 2.5%%, and the final instalment is due on 2 June 2030. The carrying amount at year end is £13,833 (2023 - £15,941).

Included in the loans and borrowings are the following amounts due after more than five years:

Bank loans and overdrafts after five years

£2,453 (2023 : £4,830) of the bank loan is repayable by instalments falling due after more than 5 years

 

Spacepad Design and Build Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

8

Related party transactions

Transactions with directors

2024

At 1 July 2023
£

Repayments by director
£

At 30 June 2024
£

Director's loan account

812

(812)

-

 

2023

At 1 July 2022
£

Advances to director
£

At 30 June 2023
£

Director's loan account

-

812

812