Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 08684406 M K Phillips J St John iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08684406 2023-12-31 08684406 2024-12-31 08684406 2024-01-01 2024-12-31 08684406 frs-core:CurrentFinancialInstruments 2024-12-31 08684406 frs-core:ShareCapital 2024-12-31 08684406 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08684406 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08684406 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08684406 frs-bus:SmallEntities 2024-01-01 2024-12-31 08684406 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08684406 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08684406 frs-bus:OrdinaryShareClass1 2024-01-01 2024-12-31 08684406 frs-bus:OrdinaryShareClass1 2024-12-31 08684406 frs-bus:Director1 2024-01-01 2024-12-31 08684406 frs-bus:Director2 2024-01-01 2024-12-31 08684406 frs-countries:EnglandWales 2024-01-01 2024-12-31 08684406 2022-12-31 08684406 2023-12-31 08684406 2023-01-01 2023-12-31 08684406 frs-core:CurrentFinancialInstruments 2023-12-31 08684406 frs-core:ShareCapital 2023-12-31 08684406 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08684406 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31
Registered number: 08684406
Urban Spaceman Storage Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 08684406
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 6,095 6,103
Cash at bank and in hand 26,733 37,698
32,828 43,801
Creditors: Amounts Falling Due Within One Year 5 (16,610 ) (7,563 )
NET CURRENT ASSETS (LIABILITIES) 16,218 36,238
TOTAL ASSETS LESS CURRENT LIABILITIES 16,218 36,238
NET ASSETS 16,218 36,238
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 16,118 36,138
SHAREHOLDERS' FUNDS 16,218 36,238
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
M K Phillips
Director
17/09/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Urban Spaceman Storage Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08684406 . The registered office is Office 8, No. 11 Riverside Riverside Park, Farnham, Surrey, GU9 7UG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises of Revenue recognised by the company in respect of services provided during the year exclusive of value added tax. Revenue is recognised in the month in which the service is provided. Revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.4. Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
2.5. Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty or notice of not more than 24 hours.
2.6. Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 2
Page 3
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,771 5,924
Prepayments and accrued income 145 -
Other debtors 179 179
6,095 6,103
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax - 515
Other taxes and social security 899 981
VAT 684 1,449
Amounts owed to group undertakings 15,027 4,618
16,610 7,563
6. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
7. Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
Page 3