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REGISTERED NUMBER: 11361620 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

KSpace The Point Limited

KSpace The Point Limited (Registered number: 11361620)

Contents of the Financial Statements
for the Year Ended 31 October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KSpace The Point Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mrs C A Cannon
M A Cannon





SECRETARY:





REGISTERED OFFICE: 1 Regent Street
Sheffield
S1 4DA





REGISTERED NUMBER: 11361620 (England and Wales)





ACCOUNTANTS: Isaacs
Trust House C/O Isaacs
St James Business Park
5 New Augustus Street
Bradford
West Yorkshire
BD1 5LL

KSpace The Point Limited (Registered number: 11361620)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 95,427 106,628

CURRENT ASSETS
Debtors 5 2,069 366,259
Cash at bank and in hand 50,262 51,870
52,331 418,129
CREDITORS
Amounts falling due within one year 6 41,832 56,329
NET CURRENT ASSETS 10,499 361,800
TOTAL ASSETS LESS CURRENT
LIABILITIES

105,926

468,428

PROVISIONS FOR LIABILITIES 13,663 14,824
NET ASSETS 92,263 453,604

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 92,163 453,504
SHAREHOLDERS' FUNDS 92,263 453,604

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

KSpace The Point Limited (Registered number: 11361620)

Balance Sheet - continued
31 October 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 24 July 2025 and were signed on its behalf by:





Mrs C A Cannon - Director


KSpace The Point Limited (Registered number: 11361620)

Notes to the Financial Statements
for the Year Ended 31 October 2024


1. STATUTORY INFORMATION

KSpace The Point 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.

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 etc - 25% on reducing balance and 15% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

KSpace The Point Limited (Registered number: 11361620)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 226,498
Additions 6,338
At 31 October 2024 232,836
DEPRECIATION
At 1 November 2023 119,870
Charge for year 17,539
At 31 October 2024 137,409
NET BOOK VALUE
At 31 October 2024 95,427
At 31 October 2023 106,628

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,069 3,596
Other debtors - 362,663
2,069 366,259

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Payments on account 11,393 7,007
Trade creditors 11,016 16,844
Taxation and social security 17,773 30,978
Other creditors 1,650 1,500
41,832 56,329