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REGISTERED NUMBER: 12256878 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Space Conversions (Bristol) Ltd

Space Conversions (Bristol) Ltd (Registered number: 12256878)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Space Conversions (Bristol) Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTOR: Mr R N Gunton





REGISTERED OFFICE: Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA





BUSINESS ADDRESS: 28 Wallscourt Road South
Filton
Bristol
BS34 7NU





REGISTERED NUMBER: 12256878 (England and Wales)





ACCOUNTANTS: ARC & Co. Accountants Limited
Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA

Space Conversions (Bristol) Ltd (Registered number: 12256878)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,538 11,383

CURRENT ASSETS
Stocks 5 5,450 -
Cash at bank 38,214 11,062
43,664 11,062
CREDITORS
Amounts falling due within one year 6 18,970 3,891
NET CURRENT ASSETS 24,694 7,171
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,232

18,554

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 33,231 18,553
SHAREHOLDERS' FUNDS 33,232 18,554

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 14 July 2025 and were signed by:





Mr R N Gunton - Director


Space Conversions (Bristol) Ltd (Registered number: 12256878)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Space Conversions (Bristol) 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.

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 - 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

Space Conversions (Bristol) Ltd (Registered number: 12256878)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2024
and 31 March 2025 15,178
DEPRECIATION
At 1 April 2024 3,795
Charge for year 2,845
At 31 March 2025 6,640
NET BOOK VALUE
At 31 March 2025 8,538
At 31 March 2024 11,383

5. STOCKS
31.3.25 31.3.24
£    £   
Stocks 500 -
Work-in-progress 4,950 -
5,450 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Corporation tax 5,284 2,582
Social security and other taxes (183 ) (179 )
Company credit card 301 -
Directors' current accounts 12,318 688
Accrued expenses 1,250 800
18,970 3,891

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
1 Ordinary £1.00 1 1

8. RESERVES
Retained
earnings
£   

At 1 April 2024 18,553
Profit for the year 19,678
Dividends (5,000 )
At 31 March 2025 33,231

Space Conversions (Bristol) Ltd (Registered number: 12256878)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

9. RELATED PARTY DISCLOSURES

During the year the director, Mr R N Gunton, made net deposits to his account of £11,630. The balance on his account at 31 March 2025 was £12,318 in credit (2024 - £688).

Also during the year, Mr R N Gunton received dividends from the company of £5,000 (2024 - £17,000).

10. ULTIMATE CONTROLLING PARTY

Mr R N Gunton is the ultimate controlling party by virtue of his holding all of the company's issued share capital.