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REGISTERED NUMBER: 05686233 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

ASPECT PLUMBING & HEATING LIMITED

ASPECT PLUMBING & HEATING LIMITED (REGISTERED NUMBER: 05686233)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ASPECT PLUMBING & HEATING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr P M Houghton
Mr K Stock
Mrs M Houghton
Mrs Y Stock
Mr D A Mitchard





REGISTERED OFFICE: Acorn House
32 Lees Road
Knowsley Business Park
Liverpool
Merseyside
L33 7SE





REGISTERED NUMBER: 05686233 (England and Wales)





ACCOUNTANTS: Livesey Spottiswood Ltd
Chartered Accountants
17 George Street
St Helens
Merseyside
WA10 1DB

ASPECT PLUMBING & HEATING LIMITED (REGISTERED NUMBER: 05686233)

ABRIDGED BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 34,162 45,427

CURRENT ASSETS
Stocks 39,675 36,661
Debtors 1,250,169 1,377,367
Cash at bank and in hand 137,336 770
1,427,180 1,414,798
CREDITORS
Amounts falling due within one year (1,296,382 ) (1,296,909 )
NET CURRENT ASSETS 130,798 117,889
TOTAL ASSETS LESS CURRENT
LIABILITIES

164,960

163,316

CREDITORS
Amounts falling due after more than one year (30,486 ) (46,884 )

PROVISIONS FOR LIABILITIES (6,500 ) (1,050 )
NET ASSETS 127,974 115,382

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 126,974 114,382
SHAREHOLDERS' FUNDS 127,974 115,382

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

ASPECT PLUMBING & HEATING LIMITED (REGISTERED NUMBER: 05686233)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 25 September 2023 and were signed on its behalf by:





Mr P M Houghton - Director


ASPECT PLUMBING & HEATING LIMITED (REGISTERED NUMBER: 05686233)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Aspect Plumbing & Heating 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 net of VAT and discounts. The policies adopted for the recognition of turnover are as follows:

Long term contracts
Profit on long term contracts is taken as the work is carried out, if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out by the year end by recording turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract revenue which costs incurred to date bear to total expected costs for that contract. Revenue derived from variations on contracts is only recognised when they have been accepted by the customers. Full provision is made for losses on all contracts in the year in which they are first foreseen.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is calculated using the first-in-first-out formula. Provision is made for damaged, obsolete and slow moving stock where appropriate.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Employee benefits
When employees have rendered services to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2022 - 41 ) .

ASPECT PLUMBING & HEATING LIMITED (REGISTERED NUMBER: 05686233)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 169,796
DEPRECIATION
At 1 April 2022 124,369
Charge for year 11,265
At 31 March 2023 135,634
NET BOOK VALUE
At 31 March 2023 34,162
At 31 March 2022 45,427

5. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Non-cancellable operating leases
2022 2021
£ £
Within one year 910 910

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft - 123,497
Bank loans 32,389 42,078
Hire purchase contracts 14,531 27,799
46,920 193,374

The bank borrowings are secured by a fixed charge over all freehold and leasehold property: first fixed charge over book and other debts, chattels, goodwill and uncalled capital and a floating charge over all assets and undertakings.

The hire purchase contracts are secured against the assets to which they relate.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
NIL Ordinary £1 - 1,000
(2022 - 1,000 )
260 A Ordinary £1 260 -
240 B Ordinary £1 240 -
260 C Ordinary £1 260 -
240 D Ordinary £1 240 -
1,000 1,000