REGISTERED NUMBER: 06183167 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

SPACE2THINK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R L Husband

REGISTERED OFFICE:

C/O Merlin Accountancy Services Ltd

33 Longrbook Street

Exeter

Devon

EX4 6AW

REGISTERED NUMBER:

06183167 (England and Wales)

ACCOUNTANTS:

Merlin Accountancy Services Ltd

2nd Floor

33 Longbrook Street

Exeter

Devon

EX4 6AW

FIXED ASSETS

Tangible assets

4

2,262

2,901

CURRENT ASSETS

Debtors

5

5,098

27,860

Cash at bank

23,640

17,084

28,738

44,944

CREDITORS

Amounts falling due within one year

6

9,815

14,289

NET CURRENT ASSETS

18,923

30,655

TOTAL ASSETS LESS CURRENT LIABILITIES

21,185

33,556

PROVISIONS FOR LIABILITIES

7

565

551

NET ASSETS

20,620

33,005

CAPITAL AND RESERVES

Called up share capital

120

120

Retained earnings

20,500

32,885

10

20,620

33,005

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 13 October 2026 and were signed by:

R L Husband - Director

1.	STATUTORY INFORMATION

Space2Think Ltd 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.

Tangible fixed assets

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

Taxation

Taxation for the year 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 year 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2025

and 31 March 2026

5,885

1,259

11,347

18,491

DEPRECIATION

At 1 April 2025

4,173

861

10,556

15,590

Charge for year

342

99

198

639

At 31 March 2026

4,515

960

10,754

16,229

NET BOOK VALUE

At 31 March 2026

1,370

299

593

2,262

At 31 March 2025

1,712

398

791

2,901

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

3,866

24,437

Other debtors

1,232

3,423

5,098

27,860

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

364

629

Taxation and social security

6,558

12,635

Other creditors

2,893

1,025

9,815

14,289

7.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

Accelerated capital allowances

565

551

Deferred

tax

£

Balance at 1 April 2025

551

Provided during year

14

Balance at 31 March 2026

565

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

2026

2025

£

£

R L Husband

Balance outstanding at start of year

3,265

10,321

Amounts advanced

32,939

28,763

Amounts repaid

(37,951

)

(35,819

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,747

)

3,265

During the year a loan was made to R Husband, the director. No interest is charged on this loan and there are no terms for repayment.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is R L Husband.

10.	RECONCILIATION OF MOVEMENTS IN RESERVES

2026

2025

£

£

Profit for the financial year

20,015

32,861

Dividends

(32,400

)

(19,200

)

Opening share capital

Net (reduction)/addition to reserves

(12,385

)

13,661

Opening reserves

33,005

19,344

Closing reserves

20,620

33,005