SPACE BY DESIGN LIMITED


Director	MCCARTNEY, Nigel Paul


Registered Address	3 Abbeyfields
	Bury St. Edmunds
	IP33 1AQ


Registered Number	10442463 (England and Wales)

Balance Sheet as at
31 August 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		653,327		652,222
			653,327		652,222
Current assets
Debtors		4,009		4,813
Cash at bank and on hand		6,110		10,294
		10,119		15,107
Creditors amounts falling due within one year	4	(380,242)		(370,180)
Net current assets (liabilities)			(370,123)		(355,073)
Total assets less current liabilities			283,204		297,149
Provisions for liabilities	5		(55,622)		(55,622)
Net assets			227,582		241,527
Capital and reserves
Called up share capital			10,000		10,000
Revaluation reserve			225,431		225,431
Profit and loss account			(7,849)		6,096
Shareholders' funds			227,582		241,527

The company was entitled to exemption from audit for this reporting period 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 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 27 May 2026, and are signed on its behalf by:

MCCARTNEY, Nigel Paul
Director
Registered Company No. 10442463

SPACE BY DESIGN LIMITED

Notes to the Financial Statements
for the year ended 31 August 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Plant and machinery	15
	Office Equipment	15

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 September 24	650,000	2,940	807	653,747
Additions	-	106	1,704	1,810
At 31 August 25	650,000	3,046	2,511	655,557
Depreciation and impairment
At 01 September 24	-	1,029	496	1,525
Charge for year	-	442	263	705
At 31 August 25	-	1,471	759	2,230
Net book value
At 31 August 25	650,000	1,575	1,752	653,327
At 31 August 24	650,000	1,911	311	652,222

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	1,631	2,577
Bank borrowings and overdrafts	368,774	359,503
Dividends payable	7,167	-
Other creditors	1,650	7,200
Accrued liabilities and deferred income	1,020	900
Total	380,242	370,180

5.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	55,622	55,622
Total	55,622	55,622