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Unaudited Financial Statements |
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for the Period 21 November 2018 to 30 April 2020 |
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for |
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SPACE AUDIT SYSTEMS LTD |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 21 November 2018 to 30 April 2020 |
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for |
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SPACE AUDIT SYSTEMS LTD |
SPACE AUDIT SYSTEMS LTD (REGISTERED NUMBER: 11688515) |
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Contents of the Financial Statements |
for the Period 21 November 2018 to 30 April 2020 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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SPACE AUDIT SYSTEMS LTD |
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Company Information |
for the Period 21 November 2018 to 30 April 2020 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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4 - 6 The Wharf Centre |
Wharf Street |
Warwick |
Warwickshire |
CV34 5LB |
SPACE AUDIT SYSTEMS LTD (REGISTERED NUMBER: 11688515) |
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Balance Sheet |
30 April 2020 |
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Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Share premium |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006
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(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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
on its behalf by: |
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SPACE AUDIT SYSTEMS LTD (REGISTERED NUMBER: 11688515) |
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Notes to the Financial Statements |
for the Period 21 November 2018 to 30 April 2020 |
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1. | STATUTORY INFORMATION |
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Space Audit Systems Ltd is a
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registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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All monetary amounts are rounded to the nearest pound. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Going concern |
The financial statements have been prepared on a going concern basis. |
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Judgements and estimates |
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and |
assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The |
estimates and associated assumptions are based on historical experience and other factors that are considered to be |
relevant. Actual results may differ from these estimates. |
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The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are |
recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the |
revision and future periods where the revision affects both current and future periods. |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any |
accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
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Taxation |
Taxation for the period 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet |
date. |
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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 period end and that are expected to apply to the reversal of the timing difference. |
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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. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme |
are charged to profit or loss in the period to which they relate. |
SPACE AUDIT SYSTEMS LTD (REGISTERED NUMBER: 11688515) |
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Notes to the Financial Statements - continued |
for the Period 21 November 2018 to 30 April 2020 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
Additions |
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At 30 April 2020 |
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AMORTISATION |
Charge for period |
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At 30 April 2020 |
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NET BOOK VALUE |
At 30 April 2020 |
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5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
Additions |
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At 30 April 2020 |
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DEPRECIATION |
Charge for period |
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At 30 April 2020 |
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NET BOOK VALUE |
At 30 April 2020 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
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Taxation and social security | ( |
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Other creditors |
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SPACE AUDIT SYSTEMS LTD (REGISTERED NUMBER: 11688515) |
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Notes to the Financial Statements - continued |
for the Period 21 November 2018 to 30 April 2020 |
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8. | CALLED UP SHARE CAPITAL |
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Allocated,issued and fully paid: |
Number: | Class: | Nominal | 2020 |
value: | £ |
200 | Ordinary A | 1 | 200 |
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A total of 200 Ordinary A shares of £1 were issued during the year as follows: |
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52 for cash of £52 |
148 for cash for £120,668 |