Spacecom Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07245442

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		284,346		290,326

			284,346		290,326
CURRENT ASSETS
Stocks	5	1,615,024		2,714,740
Debtors	6	768,690		118,807
Cash at bank and in hand		80,475		19,561

		2,464,189		2,853,108
Creditors: Amounts Falling Due Within One Year	7	(95,415 )		(491,669 )

NET CURRENT ASSETS (LIABILITIES)			2,368,774		2,361,439

TOTAL ASSETS LESS CURRENT LIABILITIES			2,653,120		2,651,765

Creditors: Amounts Falling Due After More Than One Year	8		(3,291,265 )		(3,414,540 )

NET LIABILITIES			(638,145 )		(762,775 )

CAPITAL AND RESERVES
Called up share capital	10		2		2
Profit and Loss Account			(638,147 )		(762,777 )

SHAREHOLDERS' FUNDS			(638,145)		(762,775)

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Spacecom Ltd

Balance Sheet (continued)

As At 31 March 2025

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

The member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Arkadivsz Kulakowski

Director

14 August 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Spacecom Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07245442 . The registered office is 8 Bore Street, Lichfield, WS13 6LL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	0
Plant & Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance
Computer Equipment	25% Reducing Balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 7 (2024: 6)

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Spacecom Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	261,601	98,423	6,000	811	366,835
Additions	-	3,595	-	-	3,595

As at 31 March 2025	261,601	102,018	6,000	811	370,430

Depreciation
As at 1 April 2024	-	73,359	2,625	525	76,509
Provided during the period	-	8,355	1,125	95	9,575

As at 31 March 2025	-	81,714	3,750	620	86,084

Net Book Value
As at 31 March 2025	261,601	20,304	2,250	191	284,346

As at 1 April 2024	261,601	25,064	3,375	286	290,326

5. Stocks

	2025	2024
	£	£
Stock & Work in Progress	1,615,024	2,714,740

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	716,322	69,336
Loan D S House Ltd	128,136	128,136
Juralovic Loan	(70,000 )	(70,000 )
Stan - Pol Ltd Loan	(10,000 )	(10,000 )
VAT	4,232	1,335

	768,690	118,807

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	93,356	136,805
Corporation tax	50,524	40,787
Other taxes and social security	87,557	58,812
Net wages	-	5,171
NEST Account	418	425

...CONTINUED

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Spacecom Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Accruals and deferred income	4,200	4,000
Director's loan account	27,418	96,895
Payments in Advance	(168,058 )	148,774

	95,415	491,669

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
HSBC Bounce Back Loan	13,135	22,439
Funding Circle Loan	88,992	106,250
Other creditors	3,189,138	3,285,851

	3,291,265	3,414,540

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

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