Spacesuit Media Limited iXBRL

Spacesuit Media Limited

Unaudited Financial Statements

for the financial year ended 31 August 2025

Spacesuit Media Limited

Company Registration Number: 10017634

STATEMENT OF FINANCIAL POSITION

as at 31 August 2025

		2025	2024
	Notes	£	£

Non-Current Assets

Property, plant and equipment

35,225

48,613

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Current Assets

Receivables

48,050

61,049

Cash and cash equivalents

37,233

108,087

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85,283

169,136

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Payables: amounts falling due within one year

(60,252)

(107,784)

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Net Current Assets

25,031

61,352

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Total Assets less Current Liabilities

60,256

109,965

Payables:

amounts falling due after more than one year

(5,503)

Provisions for liabilities

(3,812)

(7,531)

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Net Assets

56,444

96,931

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Capital and Reserves

Called up share capital

Retained earnings

56,443

96,930

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Equity attributable to owners of the company

56,444

96,931

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The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Income Statement and Director's Report.

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Director and authorised for issue on 29 May 2026



________________________________
Mr Ross Nicholas William Ringham
Director

Spacesuit Media Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 August 2025

General Information

Spacesuit Media Limited is a company limited by shares incorporated and registered in the England and Wales. The registered number of the company is 10017634. The registered office of the company is The Oast Emr Centre, New Road, East Malling, Kent, ME19 6BJ. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 August 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax for surveying services undertaken for photography, videography and marketing services.

Intangible assets

Website

Website are valued at cost less accumulated amortisation.

Property, plant and equipment and depreciation

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Motor vehicles

33.33% Straight line

Computer equipment

33.33% Straight line

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.

Employees

The average monthly number of employees, including director, during the financial year was 1, (2024 - 1).

2025

2024

Number

Number

During the year the average number of employees wa

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4.	Intangible assets
		Website
			Total
		£	£
	Cost
	At 1 September 2024	5,000	5,000
		─────────	─────────

	At 31 August 2025	5,000	5,000
		─────────	─────────
	Amortisation

	At 31 August 2025	5,000	5,000
		─────────	─────────
	Net book value
	At 31 August 2025	-	-
		═════════	═════════


5.	Property, plant and equipment
		Motor	Computer	Total
		vehicles	equipment

		£	£	£
	Cost
	At 1 September 2024	61,847	3,196	65,043
		─────────	─────────	─────────

	At 31 August 2025	61,847	3,196	65,043
		─────────	─────────	─────────
	Depreciation
	At 1 September 2024	15,273	1,157	16,430
	Charge for the financial year	12,369	1,019	13,388
		─────────	─────────	─────────
	At 31 August 2025	27,642	2,176	29,818
		─────────	─────────	─────────
	Net book value
	At 31 August 2025	34,205	1,020	35,225
		═════════	═════════	═════════
	At 31 August 2024	46,574	2,039	48,613
		═════════	═════════	═════════


6.	Receivables	2025	2024
		£	£

	Trade receivables	41,127	47,050
	Taxation	6,385	-
	Prepayments and accrued income	538	13,999
		─────────	─────────
		48,050	61,049
		═════════	═════════


7.	Payables	2025	2024
	Amounts falling due within one year	£	£

	Bank loan	5,494	5,997
	Trade payables	29,099	16,221
	Taxation	13,915	55,323
	Other creditors	10,060	14,857
	Accruals	1,684	15,386
		─────────	─────────
		60,252	107,784
		═════════	═════════


8.	Payables	2025	2024
	Amounts falling due after more than one year	£	£

	Bank loan	-	5,503
		═════════	═════════

	Loans
	Repayable in one year or less, or on demand (Note 7)	5,494	5,997
	Repayable between one and two years	-	5,503
		─────────	─────────
		5,494	11,500
		═════════	═════════

Provisions for liabilities

The amounts provided for deferred taxation are analysed below:

Capital

Total

Total

allowances

2025

2024

At financial year start

7,531

7,531

8,599

Charged to profit and loss

(1,068)

Released during the financial year

(3,719)

(3,719)

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At financial year end

3,812

7,531

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