SPACE BRANDS LIMITED

• ⚠

  Annual accounts overdue

  Due 2025-12-31.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Moore Kingston Smith LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After making appropriate enquiries, the director is satisfied that the group has the ability to provide financial support and therefore the director has a reasonable expectation that the Company has adequate resources to meet its liabilities and obligations as they fall due and for at least one year from the date of approval of these financial statements. The director has concluded that there are no material uncertainties that lead to significant doubt upon the Company's ability to continue as a going concern. Accordingly, the director has adopted the going concern basis in preparation of these financial statements.”

Significant events

• “Both the volume of business and resulting financial performance were below expectations. The decline in turnover as a result of reduced consumer spending, as well as increasing costs across the business, were factors beyond the Company's control.”
• “The director expects turnover to pick up again, especially in the Chinese market and travel retail sector as the economy continues to rebound.”
• “The Company continues to work on developing and launching new products in order to expand the range of products and to drive increased sales.”
• “However, sales timing and volumes are harder to predict than previous years, in a large part due to the impact of current global events, such as wars in Ukraine and the Middle East, and the resulting global economic uncertainty.”
• “Despite the loss of our largest customer in the UK, the Company and group remain committed to our long-term growth strategy by intensifying our focus on growth in Asia and rest of the world.”
• “The comparative figures for the cash flow statement have been restated. An adjustment has been made to reclassify repayments of group loans of £5,000,574 from cash generated from operations to cash generated from financing activities.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.