REGISTERED NUMBER: 05550280 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

FOR

AMAZING SPACE (LOFT CONVERSIONS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

O Komazec

J H Pescod

SECRETARY:

O Komazec

REGISTERED OFFICE:

C/O Galloways Accounting

The Mill Building

31-35 Chatsworth Road

Worthing

West Sussex

BN11 1LY

REGISTERED NUMBER:

05550280 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Intangible assets

3

-

80

Tangible assets

4

102,406

121,254

102,406

121,334

CURRENT ASSETS

Stocks

5

3,500

4,000

Debtors

6

71,570

44,847

Cash at bank

525,401

415,729

600,471

464,576

CREDITORS

Amounts falling due within one year

7

329,240

247,739

NET CURRENT ASSETS

271,231

216,837

TOTAL ASSETS LESS CURRENT LIABILITIES

373,637

338,171

PROVISIONS FOR LIABILITIES

24,756

29,414

NET ASSETS

348,881

308,757

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

348,877

308,753

348,881

308,757

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2025 and were signed on its behalf by:

O Komazec - Director

J H Pescod - Director

1.	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 financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Turnover

Turnover represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration.

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.

Computer software is being amortised evenly over its estimated useful life of five 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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 taxation is provided in full on timing differences which represent a liability at the balance sheet date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in financial statements. Deferred tax assets and liabilities are not discounted.

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2024 - 17 ) .

3.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 August 2024

and 31 July 2025

4,800

AMORTISATION

At 1 August 2024

4,720

Amortisation for year

80

At 31 July 2025

4,800

NET BOOK VALUE

At 31 July 2025

-

At 31 July 2024

80

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 August 2024

2,053

2,996

174,675

8,950

188,674

Additions

749

-

11,949

2,250

14,948

At 31 July 2025

2,802

2,996

186,624

11,200

203,622

DEPRECIATION

At 1 August 2024

1,127

2,470

55,390

8,433

67,420

Charge for year

376

132

32,530

758

33,796

At 31 July 2025

1,503

2,602

87,920

9,191

101,216

NET BOOK VALUE

At 31 July 2025

1,299

394

98,704

2,009

102,406

At 31 July 2024

926

526

119,285

517

121,254

5.

STOCKS

2025

2024

£

£

Stocks

3,500

4,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

22,640

-

Other debtors

2,750

3,043

Amounts recoverable on

contract

12,000

14,000

Prepayments

34,180

27,804

71,570

44,847

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

69,497

52,817

Tax

108,446

25,620

Social security and other taxes

25,728

34,135

VAT

88,060

105,140

Other creditors

35,932

28,691

Directors' loan accounts

1,509

1,241

Accrued expenses

68

95

329,240

247,739

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is O Komazec, Mrs A Komazec & Miss AKomazec.

This was by virtue of their 65% holding of the issued share capital in Amazing Space Holding Company Limited, the ultimate parent company.