Registration number: 15051621

Spaces Enabled Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 5

Spaces Enabled Limited

(Registration number: 15051621)
Balance Sheet as at 31 December 2025

	Note	2025 £		2024 £
Fixed assets
Tangible assets	3		23,333		-
Current assets
Debtors	4	14,593		5,040
Cash at bank and in hand		13,661		17,007
		28,254		22,047
Creditors: Amounts falling due within one year	5	(26,310)		(20,631)
Net current assets			1,944		1,416
Total assets less current liabilities			25,277		1,416
Creditors: Amounts falling due after more than one year	5		(25,123)		-
Net assets			154		1,416
Capital and reserves
Called up share capital	6	100		100
Profit and loss account		54		1,316
Total equity			154		1,416

For the financial period ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 July 2026 and signed on its behalf by:
 

......................................... Mr S. McCluskey Director

Spaces Enabled Limited

Notes to the Unaudited Financial Statements For The Period from 1 September 2024 to 31 December 2025

1	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are presented in Sterling (£).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefit will flow to the company.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Spaces Enabled Limited

Notes to the Unaudited Financial Statements For The Period from 1 September 2024 to 31 December 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

2	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2024 - 2).

Spaces Enabled Limited

Notes to the Unaudited Financial Statements For The Period from 1 September 2024 to 31 December 2025

3	Tangible assets

	Motor vehicles  £	Total £
Cost or valuation
Additions	35,000	35,000
At 31 December 2025	35,000	35,000
Depreciation
Charge for the period	11,667	11,667
At 31 December 2025	11,667	11,667
Carrying amount
At 31 December 2025	23,333	23,333

4

Debtors

Current	2025 £	2024 £
Trade debtors	1,919	4,474
Prepayments	2,178	566
Other debtors	10,496	-
	14,593	5,040

Other debtors includes an amount owed by a director of £9,956 (2024 £nil) this amount is repaid in full after the year end.

5

Creditors

	2025 £	2024 £
Due within one year
Loans and borrowings	5,387	-
Trade creditors	8,683	4,829
Taxation and social security	400	7,545
Other creditors	11,840	8,257
	26,310	20,631
Due after one year
Loans and borrowings	25,123	-

Spaces Enabled Limited

Notes to the Unaudited Financial Statements For The Period from 1 September 2024 to 31 December 2025

6	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	50	50	100	100
Ordinary A of £1 (2024 - £0) each	50	50	-	-
	100	100	100	100