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REGISTERED NUMBER: 04735818 (England and Wales)















SPACE MOBILES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






SPACE MOBILES LTD (REGISTERED NUMBER: 04735818)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPACE MOBILES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: S J Reynolds
Mrs H L Reynolds





SECRETARY: Mrs H L Reynolds





REGISTERED OFFICE: Black House Farm
Beguildy
Knighton
Powys
LD7 1YU





REGISTERED NUMBER: 04735818 (England and Wales)





ACCOUNTANTS: Davies Edwards & Co
Chartered Certified Accountants
West Lodge
Rainbow Street
Leominster
Herefordshire
HR6 8DQ

SPACE MOBILES LTD (REGISTERED NUMBER: 04735818)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 56,071 36,000
Tangible assets 5 279,096 334,132
Investments 6 170,753 -
505,920 370,132

CURRENT ASSETS
Stocks 30,719 40,018
Debtors 7 86,797 61,651
Cash at bank 40,626 90,479
158,142 192,148
CREDITORS
Amounts falling due within one year 8 116,263 147,016
NET CURRENT ASSETS 41,879 45,132
TOTAL ASSETS LESS CURRENT
LIABILITIES

547,799

415,264

CREDITORS
Amounts falling due after more than one
year

9

(147,464

)

(49,133

)

PROVISIONS FOR LIABILITIES (53,018 ) (63,485 )
NET ASSETS 347,317 302,646

CAPITAL AND RESERVES
Called up share capital 10 10 10
Retained earnings 11 347,307 302,636
SHAREHOLDERS' FUNDS 347,317 302,646

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SPACE MOBILES LTD (REGISTERED NUMBER: 04735818)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 June 2025 and were signed on its behalf by:





S J Reynolds - Director


SPACE MOBILES LTD (REGISTERED NUMBER: 04735818)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Space Mobiles Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


SPACE MOBILES LTD (REGISTERED NUMBER: 04735818)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 October 2023 124,625 5,000 129,625
Additions - 43,606 43,606
At 30 September 2024 124,625 48,606 173,231
AMORTISATION
At 1 October 2023 88,625 5,000 93,625
Charge for year 9,000 14,535 23,535
At 30 September 2024 97,625 19,535 117,160
NET BOOK VALUE
At 30 September 2024 27,000 29,071 56,071
At 30 September 2023 36,000 - 36,000

SPACE MOBILES LTD (REGISTERED NUMBER: 04735818)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 534,420 190,511 2,683 727,614
Additions 18,162 - 1,525 19,687
At 30 September 2024 552,582 190,511 4,208 747,301
DEPRECIATION
At 1 October 2023 277,079 115,048 1,355 393,482
Charge for year 55,096 18,866 761 74,723
At 30 September 2024 332,175 133,914 2,116 468,205
NET BOOK VALUE
At 30 September 2024 220,407 56,597 2,092 279,096
At 30 September 2023 257,341 75,463 1,328 334,132

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2023
and 30 September 2024 102,262
DEPRECIATION
At 1 October 2023 43,353
Charge for year 14,728
At 30 September 2024 58,081
NET BOOK VALUE
At 30 September 2024 44,181
At 30 September 2023 58,909

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 170,753
At 30 September 2024 170,753
NET BOOK VALUE
At 30 September 2024 170,753

SPACE MOBILES LTD (REGISTERED NUMBER: 04735818)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 83,301 55,602
Prepayments and accrued income 3,496 6,049
86,797 61,651

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,104 9,782
Hire purchase contracts 12,590 18,592
Trade creditors 32,284 68,411
Social security and other taxes 3,637 3,760
VAT 20,151 22,552
Wages payable 11,002 12,304
Barclaycard 14,192 -
Directors' current accounts 8,903 6,019
Accruals and deferred income 3,400 5,596
116,263 147,016

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,104 9,782
Bank loans - 2-5 years 638 9,539
Loan - Ty Cerrig Christmas Tree Farm Ltd 119,500 -
Hire purchase contracts 17,222 29,812
147,464 49,133

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10 Ordinary £1 10 10

11. RESERVES
Retained
earnings
£   

At 1 October 2023 302,636
Profit for the year 44,671
At 30 September 2024 347,307

SPACE MOBILES LTD (REGISTERED NUMBER: 04735818)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

12. RELATED PARTY DISCLOSURES

S J Reynolds and H L Reynolds are also Directors of Blackhouse Investments Ltd, Ty Cerrig Woodland Retreats Ltd and Ty Cerrig Christmas Tree Farm Ltd. There were no transactions with any of these companies during the year. There is an intercompany loan, with Space Mobiles owing Ty Cerrig Christmas Tree Farm Ltd £119,500 at 30 September 2024.

S J Reynolds also farms as a sole trader. The company paid S J Reynolds £21,125 during the year for hire of equipment, and £20,770 for subcontract labour.

H L Reynolds is a partner in Mrs H L Reynolds and C I J Reynolds T/A Keele Christmas Tree Farm. No goods or services were supplied to or from this trade during the year.