Registered number
09722637
Space RPC London Limited
Unaudited Filleted Accounts
31 March 2025
Space RPC London Limited
Registered number: 09722637
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 - 2,933
Tangible assets 4 39,060 5,748
39,060 8,681
Current assets
Debtors 5 445,999 462,708
Cash at bank and in hand 92,318 92,921
538,317 555,629
Creditors: amounts falling due within one year 6 (164,728) (190,059)
Net current assets 373,589 365,570
Total assets less current liabilities 412,649 374,251
Creditors: amounts falling due after more than one year 7 (20,313) (12,120)
Provisions for liabilities (9,462) (1,067)
Net assets 382,874 361,064
Capital and reserves
Called up share capital 100 100
Profit and loss account 382,774 360,964
Shareholder's funds 382,874 361,064
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Leverett
Director
Approved by the board on 11 August 2025
Space RPC London Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on the proportion of the total expected consideration at completion.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% on cost
Fixtures, fittings and equipment 33% on cost
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 5 5
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2024 16,000
At 31 March 2025 16,000
Amortisation
At 1 April 2024 13,067
Provided during the year 2,933
At 31 March 2025 16,000
Net book value
At 31 March 2025 -
At 31 March 2024 2,933
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Fixtures, fittings and equiment Motor vehicles Total
£ £ £
Cost
At 1 April 2024 23,137 - 23,137
Additions 1,619 47,400 49,019
Disposals (7,175) - (7,175)
At 31 March 2025 17,581 47,400 64,981
Depreciation
At 1 April 2024 17,389 - 17,389
Charge for the year 4,845 10,862 15,707
On disposals (7,175) - (7,175)
At 31 March 2025 15,059 10,862 25,921
Net book value
At 31 March 2025 2,522 36,538 39,060
At 31 March 2024 5,748 - 5,748
5 Debtors 2025 2024
£ £
Trade debtors 318,117 365,574
Other debtors 127,882 97,134
445,999 462,708
6 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 7,610 7,423
Obligations under finance lease and hire purchase contracts 12,467 -
Trade creditors 13,682 20,854
Taxation and social security costs 106,348 126,691
Other creditors 24,621 35,091
164,728 190,059
7 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 4,512 12,120
Obligations under finance lease and hire purchase contracts 15,801 -
20,313 12,120
8 Loans 2025 2024
£ £
Creditors include:
Secured bank loans 28,268 -
The obligations under finance lease and hire purchase contracts are secured on the asset concerned.
9 Loans to directors
Interest calculated at 2.25%, repayable on demand B/fwd Paid Repaid C/fwd
£ £ £ £
P Leverett
Loan 71,515 126,164 (100,000) 97,679
71,515 126,164 (100,000) 97,679
10 Other information
Space RPC London Limited is a private company limited by shares and incorporated in England. Its registered office is:
Portland House
21 Narborough Road
Cosby
Leicester
LE9 1TA
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