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REGISTERED NUMBER: 12075232 (England and Wales)















Financial Statements for the Year Ended 30 September 2024

for

Spacecentre Limited

Spacecentre Limited (Registered number: 12075232)






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


Spacecentre Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: J Pritchard
Miss C Donoghue





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 12075232 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Spacecentre Limited (Registered number: 12075232)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 65 418
Tangible assets 5 165,745 193,796
165,810 194,214

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 6 172,058 18,889
Cash at bank and in hand 63,425 116,989
236,483 136,878
CREDITORS
Amounts falling due within one year 7 132,436 131,274
NET CURRENT ASSETS 104,047 5,604
TOTAL ASSETS LESS CURRENT
LIABILITIES

269,857

199,818

CREDITORS
Amounts falling due after more than one
year

8

(26,621

)

(31,584

)

PROVISIONS FOR LIABILITIES (41,453 ) (48,553 )
NET ASSETS 201,783 119,681

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 201,782 119,680
SHAREHOLDERS' FUNDS 201,783 119,681

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.

Spacecentre Limited (Registered number: 12075232)

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 16 June 2025 and were signed on its behalf by:





J Pritchard - Director


Spacecentre Limited (Registered number: 12075232)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Spacecentre Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is recognised when the facilities are used.

Intangible assets
Intangible assets relate to website development costs that a recorded at cost less accumulated ammortisation and impairment where applicable. Intangible assets are being amortised over its estimated life of 3 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on cost

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

Financial instruments
Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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.


Spacecentre Limited (Registered number: 12075232)

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
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 12 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2023
and 30 September 2024 3,272
AMORTISATION
At 1 October 2023 2,854
Charge for year 353
At 30 September 2024 3,207
NET BOOK VALUE
At 30 September 2024 65
At 30 September 2023 418

Spacecentre Limited (Registered number: 12075232)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 304,906
Additions 1,199
At 30 September 2024 306,105
DEPRECIATION
At 1 October 2023 111,110
Charge for year 29,250
At 30 September 2024 140,360
NET BOOK VALUE
At 30 September 2024 165,745
At 30 September 2023 193,796

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 7,683 6,474
Amounts owed by associates 154,414 -
Other debtors 9,961 12,415
172,058 18,889

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 6,213 6,213
Trade creditors 10,243 14,314
Amounts owed to participating interests 79,211 20,366
Taxation and social security 33,708 75,315
Other creditors 3,061 15,066
132,436 131,274

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 26,621 31,584

9. RELATED PARTY DISCLOSURES

Included in creditors is £79,211 (2023: £20,366) due to the parent company.
Included in debtors is £154,414 due to another company which shares a director with Spacecentre Limited.
Both which are interest free and repayable on demand.