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Financial Statements |
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for the Period 28 June 2021 to 31 December 2021 |
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UK Smart Space Company Limited |
REGISTERED NUMBER:
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Financial Statements |
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for the Period 28 June 2021 to 31 December 2021 |
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for |
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UK Smart Space Company Limited |
UK Smart Space Company Limited (Registered number: 13479662) |
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Contents of the Financial Statements |
for the Period 28 June 2021 to 31 December 2021 |
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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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UK Smart Space Company Limited |
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Company Information |
for the Period 28 June 2021 to 31 December 2021 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Kay Johnson Gee |
City Road East |
Manchester |
M15 4PN |
UK Smart Space Company Limited (Registered number: 13479662) |
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Balance Sheet |
31 December 2021 |
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Notes | £ |
CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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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 | 6 |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS |
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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
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UK Smart Space Company Limited (Registered number: 13479662) |
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Notes to the Financial Statements |
for the Period 28 June 2021 to 31 December 2021 |
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1. | STATUTORY INFORMATION |
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UK Smart Space Company Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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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. |
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Debtors |
Trade and other debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. |
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Creditors |
Trade and other creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
UK Smart Space Company Limited (Registered number: 13479662) |
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Notes to the Financial Statements - continued |
for the Period 28 June 2021 to 31 December 2021 |
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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. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
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Prepayments |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
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Trade creditors |
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Amounts owed to group undertakings |
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Social security and other taxes |
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Accrued expenses |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
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Ordinary | 1 | 99 |
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Non-voting Ordinary A | £1 | 84,901 |
85,000 |
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The following shares were allotted and fully paid for cash at par during the period: |
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99 Ordinary shares of 1 each |
84,901 Non-voting Ordinary A shares of £1 each |
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7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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UK Smart Space Company Limited (Registered number: 13479662) |
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Notes to the Financial Statements - continued |
for the Period 28 June 2021 to 31 December 2021 |
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8. | RELATED PARTY DISCLOSURES |
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Income and expenditure is recharged to/from Senator International Limited, which has control over UK Smart Space Limited by virtue of its 67% shareholding. |
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Income recharged to UK Smart Space Limited during the year was £312,598. Installs and wages costs recharged amount to £101,921 and £151,545 respectively. |
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There is an outstanding balance of £50,662 owed to Senator International Limited on UK Smart Space Limited's purchase ledger and £21,027 in prepayments relating to recharges which have yet to be invoiced. |