REGISTERED NUMBER: 05644604 (England and Wales)

Unaudited Financial Statements

for the period

1 June 2024 to 30 May 2025

for

SPACE I-D LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M D Hardy

M D Simmons

P Young

SECRETARY:

M D Hardy

REGISTERED OFFICE:

Old Police Station

North Road

Boldon Colliery

Tyne and Wear

NE35 9AF

REGISTERED NUMBER:

05644604 (England and Wales)

ACCOUNTANTS:

Mitchells Grievson

Chartered Accountants

Kensington House

3 Kensington

Bishop Auckland

Co. Durham

DL14 6HX

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

-

234

-

234

CURRENT ASSETS

Debtors

6

160,873

156,624

CREDITORS

Amounts falling due within one year

7

149,477

144,385

NET CURRENT ASSETS

11,396

12,239

TOTAL ASSETS LESS CURRENT LIABILITIES

11,396

12,473

CREDITORS

Amounts falling due after more than one year

8

11,094

15,836

NET ASSETS/(LIABILITIES)

302

(3,363

)

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

200

(3,465

)

302

(3,363

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 May 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 May 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 21 May 2026 and were signed on its behalf by:

M D Hardy - Director

M D Simmons - Director

P Young - Director

1.	STATUTORY INFORMATION

Space I-D 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.

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.

Turnover

Turnover 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.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

30% on cost

Taxation

Taxation for the period 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 tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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 period was 9 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 June 2024

and 30 May 2025

12,329

AMORTISATION

At 1 June 2024

and 30 May 2025

12,329

NET BOOK VALUE

At 30 May 2025

-

At 31 May 2024

-

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 June 2024

and 30 May 2025

13,444

DEPRECIATION

At 1 June 2024

13,210

Charge for period

234

At 30 May 2025

13,444

NET BOOK VALUE

At 30 May 2025

-

At 31 May 2024

234

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,262

30,698

Amounts owed by joint ventures

64,716

-

Other debtors

92,895

125,926

160,873

156,624

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

44,500

9,780

Trade creditors

12,065

-

Amounts owed to joint ventures

20,088

-

Taxation and social security

49,800

-

Other creditors

23,024

134,605

149,477

144,385

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

11,094

15,836

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the periods ended 30 May 2025 and 31 May 2024:

2025

2024

£

£

M D Hardy

Balance outstanding at start of period

19,227

16,654

Amounts advanced

8,062

2,573

Amounts repaid

(8,500

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

18,789

19,227

M D Simmons

Balance outstanding at start of period

32,679

28,762

Amounts advanced

7,910

3,917

Amounts repaid

(8,500

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

32,089

32,679

P Young

Balance outstanding at start of period

20,153

19,042

Amounts advanced

5,599

1,111

Amounts repaid

(8,500

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

17,252

20,153

The director's loan accounts are repayable upon demand.

10.	RELATED PARTY DISCLOSURES

At the year end the following amounts were owed by Space I-D Ltd to the following companies with whom they share a common connection:

Space Inside Ltd £17,444

Space to Operate Ltd £2,644

At the year end the following amounts were owed to Space I-D Ltd by the following companies with whom they share a common connection:

Space VR Limited £5,176

Space Aware Ltd £90

Space ID Holdings Ltd £58,335

Space to Build Ltd £155

Branching Up North Ltd £480

From Little Twigs Ltd £480