Fourthspace Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04690814 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Fourthspace Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S Sinclair

P Mozzato

H A Williams

SECRETARY:

S Sinclair

REGISTERED OFFICE:

Third Floor

10 Vyner Street

London

E2 9DG

REGISTERED NUMBER:

04690814 (England and Wales)

ACCOUNTANTS:

Alphanumeric Accountants Limited

LABS ATRIUM

Stables Market

Chalk Farm Road

London

NW1 8AH

FIXED ASSETS

Tangible assets

4

1,060

1,359

CURRENT ASSETS

Debtors

5

83,757

73,362

Cash at bank and in hand

1,260

788

85,017

74,150

CREDITORS

Amounts falling due within one year

6

(109,426

)

(80,381

)

NET CURRENT LIABILITIES

(24,409

)

(6,231

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(23,349

)

(4,872

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(23,351

)

(4,874

)

SHAREHOLDERS' FUNDS

(23,349

)

(4,872

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 18 December 2019 and were signed on its behalf by:

S Sinclair - Director

1.	STATUTORY INFORMATION

Fourthspace Limited 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.

Plant and machinery etc

-

25% on cost and 25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2018 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

30,198

Additions

595

At 31 March 2019

30,793

DEPRECIATION

At 1 April 2018

28,839

Charge for year

894

At 31 March 2019

29,733

NET BOOK VALUE

At 31 March 2019

1,060

At 31 March 2018

1,359

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

67,232

53,669

Other debtors

16,525

19,693

83,757

73,362

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Bank loans and overdrafts

5,113

10,714

Trade creditors

4,087

7,211

Taxation and social security

69,588

45,300

Other creditors

30,638

17,156

109,426

80,381

7.	GOING CONCERN

The directors have agreed to financially support the company for a foreseeable future.