Company Registration No. 13082074 (England and Wales)
Dmspace Limited
Unaudited accounts
for the year ended 31 December 2024
Dmspace Limited
Unaudited accounts
Contents
Dmspace Limited
Company Information
for the year ended 31 December 2024
Company Number
13082074 (England and Wales)
Registered Office
3rd Floor
45 Albemarle Street
London
W1S 4JL
United Kingdom
Dmspace Limited
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
986
754
Creditors: amounts falling due within one year
(44,362)
(34,125)
Net current liabilities
(43,168)
(33,119)
Net liabilities
(43,168)
(33,119)
Called up share capital
100
100
Profit and loss account
(43,268)
(33,219)
Shareholders' funds
(43,168)
(33,119)
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 director acknowledges his 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 and authorised for issue on 30 September 2025 and were signed on its behalf by
Guoqing Du
Director
Company Registration No. 13082074
Dmspace Limited
Notes to the Accounts
for the year ended 31 December 2024
Dmspace Limited is a private company, limited by shares, registered in England and Wales, registration number 13082074. The registered office is 3rd Floor, 45 Albemarle Street, London, W1S 4JL, United Kingdom.
2
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 year, and also have been consistently applied within the same accounts.
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies
The accounts are presented in £ sterling.
Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement
of Financial Position date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits;
-and Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations ,when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date
The director acknowledges the latest guidance on going concern. After assessing the outcome of the business and with consideration of the Company's balance sheet position, the director has a reasonable expectation that the Company has adequate resources to continue in operational existence for a period of twelve months from the date of the approval of the financial statements and, therefore, he continues to adopt the going concern basis in preparing the annual financial statements.
Dmspace Limited
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Accrued income and prepayments
120
-
5
Creditors: amounts falling due within one year
2024
2023
Loans from directors
44,363
34,011
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).