Company Registration No. 08901944 (England and Wales)
GENER8 SPACES LIMITED
Unaudited accounts
for the period from 1 November 2023 to 31 December 2024
GENER8 SPACES LIMITED
Unaudited accounts
Contents
GENER8 SPACES LIMITED
Company Information
for the period from 1 November 2023 to 31 December 2024
Directors
Graham Chadwick
Christian Earnshaw
Company Number
08901944 (England and Wales)
Registered Office
SUITE 2F RIBBLE COURT SHUTTLEWORTH MEAD
PADIHAM
BURNLEY
LANCASHIRE
BB12 7NG
Accountants
Walling Accountants
Unit 1B Hallidays Farm
Bilsborrow
Preston
PR3 0RU
GENER8 SPACES LIMITED
Statement of financial position
as at 31 December 2024
Tangible assets
13,883
11,077
Cash at bank and in hand
386,870
133,646
Creditors: amounts falling due within one year
(546,890)
(420,944)
Net current assets
136,787
12,338
Total assets less current liabilities
150,670
23,415
Creditors: amounts falling due after more than one year
(3,157)
(6,557)
Provisions for liabilities
Deferred tax
(2,638)
(2,105)
Called up share capital
100
100
Profit and loss account
144,775
14,653
Shareholders' funds
144,875
14,753
For the period 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by
Graham Chadwick
Director
Company Registration No. 08901944
GENER8 SPACES LIMITED
Notes to the Accounts
for the period from 1 November 2023 to 31 December 2024
GENER8 SPACES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08901944. The registered office is SUITE 2F RIBBLE COURT SHUTTLEWORTH MEAD , PADIHAM, BURNLEY, LANCASHIRE, BB12 7NG.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
GENER8 SPACES LIMITED
Notes to the Accounts
for the period from 1 November 2023 to 31 December 2024
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Tangible fixed assets
Computer equipment
At 31 December 2024
27,234
Charge for the period
5,483
At 31 December 2024
13,351
At 31 December 2024
13,883
Amounts falling due within one year
Trade debtors
153,787
206,689
Amounts due from group undertakings etc.
45,825
16,934
Accrued income and prepayments
96,155
43,345
Other debtors
1,040
16,025
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,914
2,919
Trade creditors
58,310
90,339
Taxes and social security
31,692
5,224
Other creditors
3,625
4,842
Deferred income
422,480
288,421
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Creditors: amounts falling due after more than one year
2024
2023
GENER8 SPACES LIMITED
Notes to the Accounts
for the period from 1 November 2023 to 31 December 2024
8
Average number of employees
During the period the average number of employees was 11 (2023: 8).