Company Registration No. 10220212 (England and Wales)
B2Space Limited
Unaudited accounts
for the year ended 30 June 2021
B2Space Limited
Unaudited accounts
Contents
B2Space Limited
Company Information
for the year ended 30 June 2021
Directors
Valentin Eduardo Canales Leppe
Archibald Diego Hendry De Corral
Judith Martin-Peregrina
Victor Montero-Burgos
Laura Alvarez Sanchez-Cabezudo
Company Number
10220212 (England and Wales)
Registered Office
Merlin House 1 Langstone Business Park
Priory Drive
Newport
NP18 2HJ
Wales
Accountants
Gray + Press Accountants Limited
Unit 2 Channel Wharf
21 Old Channel Road
Belfast
BT3 9DE
B2Space Limited
Statement of financial position
as at
30 June 2021
Intangible assets
182,120
-
Tangible assets
25,356
1,435
Cash at bank and in hand
849,526
53,571
Creditors: amounts falling due within one year
(127,728)
(32,982)
Net current assets
823,358
76,458
Total assets less current liabilities
1,030,834
77,893
Creditors: amounts falling due after more than one year
(42,500)
-
Net assets
988,334
77,893
Called up share capital
5
4
Share premium
1,095,409
129,000
Profit and loss account
(107,080)
(51,111)
Shareholders' funds
988,334
77,893
For the year ending 30 June 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 June 2022 and were signed on its behalf by
Valentin Eduardo Canales Leppe
Director
Company Registration No. 10220212
B2Space Limited
Notes to the Accounts
for the year ended 30 June 2021
B2Space Limited is a private company, limited by shares, registered in England and Wales, registration number 10220212. The registered office is Merlin House 1 Langstone Business Park, Priory Drive, Newport, NP18 2HJ, Wales.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Computer equipment
20% Reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Expenditure on research and development is written off in the year in which it is incurred.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
B2Space Limited
Notes to the Accounts
for the year ended 30 June 2021
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Intangible fixed assets
Other
Charge for the year
20,236
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2020
350
1,962
2,312
Additions
18,517
6,770
25,287
At 30 June 2021
18,867
8,732
27,599
At 1 July 2020
171
706
877
Charge for the year
385
981
1,366
At 30 June 2021
556
1,687
2,243
At 30 June 2021
18,311
7,045
25,356
At 30 June 2020
179
1,256
1,435
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
37,693
36,228
Other debtors
43,427
3,196
B2Space Limited
Notes to the Accounts
for the year ended 30 June 2021
7
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
7,500
-
Trade creditors
33,856
43
Taxes and social security
38,203
5,345
Other creditors
30,165
12,726
Loans from directors
13,449
13,449
8
Creditors: amounts falling due after more than one year
2021
2020
9
Average number of employees
During the year the average number of employees was 13 (2020: 6).