REGISTERED NUMBER: 13267326 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Concept Space & Design Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

L Western

REGISTERED OFFICE:

87 Blackcurrant Drive

Long Ashton

Bristol

BS41 9FP

REGISTERED NUMBER:

13267326 (England and Wales)

ACCOUNTANTS:

Reed & Co Accountants Limited

Marralomeda

Westward Road

Bristol

Avon

BS13 8DA

FIXED ASSETS

Tangible assets

4

14,422

54,628

CURRENT ASSETS

Stocks

-

11,641

Debtors

5

79,812

45,066

Cash at bank

2,008

9,031

81,820

65,738

CREDITORS

Amounts falling due within one year

6

89,598

99,164

NET CURRENT LIABILITIES

(7,778

)

(33,426

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,644

21,202

CREDITORS

Amounts falling due after more than one year

7

(13,219

)

(44,911

)

PROVISIONS FOR LIABILITIES

(2,740

)

(10,379

)

NET LIABILITIES

(9,315

)

(34,088

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(9,415

)

(34,188

)

(9,315

)

(34,088

)

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 4 September 2025 and were signed by:

L Western - Director

1.	STATUTORY INFORMATION

Concept Space & Design 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

-

33% on cost and 25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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.

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.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The

corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

76,701

Disposals

(46,836

)

At 31 March 2025

29,865

DEPRECIATION

At 1 April 2024

22,073

Charge for year

5,079

Eliminated on disposal

(11,709

)

At 31 March 2025

15,443

NET BOOK VALUE

At 31 March 2025

14,422

At 31 March 2024

54,628

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

2,288

-

Other debtors

77,524

45,066

79,812

45,066

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

19,910

7,049

Hire purchase contracts

3,311

8,371

Trade creditors

23,803

36,958

Taxation and social security

41,224

43,923

Other creditors

1,350

2,863

89,598

99,164

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

13,219

44,911

8.	RELATED PARTY DISCLOSURES

During the year the company entered into the following transactions with the directors:

2025

2024

Dividends paid

-

-

Capital withdrawn

24,268

33,913

At the year end the amount due from the director was £57,962 (2024: £33,694).