Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-302025-05-2142023-07-01falseSpacecube structure hire, installations and logistics.12falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13884069 2023-07-01 2024-06-30 13884069 2022-02-01 2023-06-30 13884069 2024-06-30 13884069 2023-06-30 13884069 c:Director1 2023-07-01 2024-06-30 13884069 d:Buildings d:LongLeaseholdAssets 2023-07-01 2024-06-30 13884069 d:Buildings d:LongLeaseholdAssets 2024-06-30 13884069 d:Buildings d:LongLeaseholdAssets 2023-06-30 13884069 d:PlantMachinery 2023-07-01 2024-06-30 13884069 d:PlantMachinery 2024-06-30 13884069 d:PlantMachinery 2023-06-30 13884069 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 13884069 d:MotorVehicles 2023-07-01 2024-06-30 13884069 d:MotorVehicles 2024-06-30 13884069 d:MotorVehicles 2023-06-30 13884069 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 13884069 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 13884069 d:CurrentFinancialInstruments 2024-06-30 13884069 d:CurrentFinancialInstruments 2023-06-30 13884069 d:Non-currentFinancialInstruments 2024-06-30 13884069 d:Non-currentFinancialInstruments 2023-06-30 13884069 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 13884069 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 13884069 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 13884069 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 13884069 d:ShareCapital 2024-06-30 13884069 d:ShareCapital 2023-06-30 13884069 d:RetainedEarningsAccumulatedLosses 2024-06-30 13884069 d:RetainedEarningsAccumulatedLosses 2023-06-30 13884069 c:OrdinaryShareClass1 2023-07-01 2024-06-30 13884069 c:OrdinaryShareClass1 2024-06-30 13884069 c:OrdinaryShareClass1 2023-06-30 13884069 c:FRS102 2023-07-01 2024-06-30 13884069 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 13884069 c:FullAccounts 2023-07-01 2024-06-30 13884069 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 13884069 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13884069









SPACECUBE UK LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
SPACECUBE UK LIMITED
REGISTERED NUMBER: 13884069

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,375,629
2,824,799

  
3,375,629
2,824,799

Current assets
  

Stocks
  
10,000
10,000

Debtors: amounts falling due within one year
 5 
1,376,899
983,619

Cash at bank and in hand
 6 
864,800
372,868

  
2,251,699
1,366,487

Creditors: amounts falling due within one year
 7 
(2,376,533)
(1,978,411)

Net current liabilities
  
 
 
(124,834)
 
 
(611,924)

Total assets less current liabilities
  
3,250,795
2,212,875

Creditors: amounts falling due after more than one year
 8 
(5,952,589)
(3,391,808)

  

Net liabilities
  
(2,701,794)
(1,178,933)


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
(2,701,795)
(1,178,934)

  
(2,701,794)
(1,178,933)


Page 1

 
SPACECUBE UK LIMITED
REGISTERED NUMBER: 13884069
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M Davies
Director

Date: 21 May 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
SPACECUBE UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Spacecube UK Limited is a private limited by shares, incorporated in United Kingdom (registered number: 13884069) The registered office of the company is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH.The financial statements are presented in GBP, which is the functional currency of the company.. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results and the solvency of the company. Given that the company is in a net deficit position the director has obtained assurance from its beneficial owners to continue to provide adequate funds to meet its obligations and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the director considers it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
SPACECUBE UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
20% SL
Plant and machinery
-
5 - 33% SL
Motor vehicles
-
20% SL

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
SPACECUBE UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2023 - 4).


4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Motor vehicles
Total

£
£
£
£



Cost or valuation


At 1 July 2023
36,571
2,823,641
37,458
2,897,670


Additions
-
766,375
-
766,375



At 30 June 2024

36,571
3,590,016
37,458
3,664,045



Depreciation


At 1 July 2023
1,631
63,748
7,492
72,871


Charge for the year on owned assets
7,314
200,739
7,492
215,545



At 30 June 2024

8,945
264,487
14,984
288,416



Net book value



At 30 June 2024
27,626
3,325,529
22,474
3,375,629



At 30 June 2023
34,939
2,759,893
29,967
2,824,799

Page 5

 
SPACECUBE UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£


Trade debtors
1,080,976
285,181

Amounts owed by group undertakings
1
1

Other debtors
177,701
491,769

Prepayments and accrued income
118,221
206,668

1,376,899
983,619



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
864,800
372,868

864,800
372,868



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
462,801
1,365,326

Other taxation and social security
49,035
23,295

Obligations under finance lease and hire purchase contracts
7,659
7,569

Other creditors
2,029
1,118

Accruals and deferred income
1,855,009
581,103

2,376,533
1,978,411



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
11,129
17,559

Amounts owed to group undertakings
5,941,460
3,374,249

5,952,589
3,391,808


Page 6

 
SPACECUBE UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Share capital

2024
2023
£
£
Authorised, allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £0.01 each
1
1



10.


Pension commitments

The Company operates a defined contributions pension 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 £9,318 (2023: £5,460). Contributions totalling £2,029 (2023: £1,117) were payable to the fund at the reporting date and are included in creditors.

 
Page 7