REGISTERED NUMBER: 11705240 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Space Made Group Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J Rosenblatt

N Hunt

REGISTERED OFFICE:

32 Welbeck Street

London

W1G 8EU

REGISTERED NUMBER:

11705240 (England and Wales)

ACCOUNTANTS:

Parker Cavendish

Chartered Accountants

Suite 301, Stanmore Business

and Innovation Centre

Howard Road

Stanmore

Middlesex

HA7 1FW

FIXED ASSETS

Intangible assets

4

53,478

80,907

Property, plant and equipment

5

35,514

44,507

88,992

125,414

CURRENT ASSETS

Debtors

6

1,218,718

931,126

Cash at bank

155,031

544,729

1,373,749

1,475,855

CREDITORS

Amounts falling due within one year

7

(533,237

)

(408,350

)

NET CURRENT ASSETS

840,512

1,067,505

TOTAL ASSETS LESS CURRENT LIABILITIES

929,504

1,192,919

CREDITORS

Amounts falling due after more than one year

8

(3,525

)

(11,983

)

NET ASSETS

925,979

1,180,936

CAPITAL AND RESERVES

Called up share capital

9

1,358

1,337

Share premium

3,128,958

2,829,031

Retained earnings

(2,204,337

)

(1,649,432

)

SHAREHOLDERS' FUNDS

925,979

1,180,936

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

J Rosenblatt - Director

1.	STATUTORY INFORMATION

Space Made Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Brand name development costs are being amortised evenly over their estimated useful life of three years.

Computer software is being amortised evenly over its estimated useful life of three years.

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

-

33.33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2023 - 34 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

176,478

Additions

22,454

At 31 December 2024

198,932

AMORTISATION

At 1 January 2024

95,571

Charge for year

49,883

At 31 December 2024

145,454

NET BOOK VALUE

At 31 December 2024

53,478

At 31 December 2023

80,907

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 January 2024

69,505

Additions

15,087

At 31 December 2024

84,592

DEPRECIATION

At 1 January 2024

24,998

Charge for year

24,080

At 31 December 2024

49,078

NET BOOK VALUE

At 31 December 2024

35,514

At 31 December 2023

44,507

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

464,988

320,635

Other debtors

-

941

Deferred tax asset

703,928

528,349

Prepayments & accrued income

49,802

81,201

1,218,718

931,126

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

27,312

10,106

Trade creditors

122,464

50,726

Social security & other taxes

56,488

52,712

Value added tax

109,452

54,257

Other creditors

26,043

45,216

Directors' current accounts

163,388

165,120

Accruals & deferred income

28,090

30,213

533,237

408,350

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

3,525

11,983

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

135,757

Ordinary

1p

1,358

1,337