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REGISTERED NUMBER: 05418727 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

ASPECT TRAFFIC SOLUTIONS LTD

ASPECT TRAFFIC SOLUTIONS LTD (REGISTERED NUMBER: 05418727)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASPECT TRAFFIC SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: D W Witts
Mrs S Witts





REGISTERED OFFICE: Springfield Cottage
Wells Road
Eastcombe
Stroud
Glos
GL6 7EE





REGISTERED NUMBER: 05418727 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

ASPECT TRAFFIC SOLUTIONS LTD (REGISTERED NUMBER: 05418727)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,458 9,945

CURRENT ASSETS
Debtors 5 5,601 8,400
Cash at bank 143,126 150,729
148,727 159,129
CREDITORS
Amounts falling due within one year 6 14,493 12,262
NET CURRENT ASSETS 134,234 146,867
TOTAL ASSETS LESS CURRENT
LIABILITIES

141,692

156,812

PROVISIONS FOR LIABILITIES 1,417 1,890
NET ASSETS 140,275 154,922

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 140,265 154,912
SHAREHOLDERS' FUNDS 140,275 154,922

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 TRAFFIC SOLUTIONS LTD (REGISTERED NUMBER: 05418727)

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.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2023 and were signed on its behalf by:




D W Witts - Director



Mrs S Witts - Director


ASPECT TRAFFIC SOLUTIONS LTD (REGISTERED NUMBER: 05418727)

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

1. STATUTORY INFORMATION

Aspect Traffic Solutions Ltd 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 the provision of section 1A "Small entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Going concern
There are no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern.

Provisions
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

ASPECT TRAFFIC SOLUTIONS LTD (REGISTERED NUMBER: 05418727)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022
and 31 March 2023 1,215 14,963 26,171 42,349
DEPRECIATION
At 1 April 2022 1,043 7,820 23,541 32,404
Charge for year 43 1,786 658 2,487
At 31 March 2023 1,086 9,606 24,199 34,891
NET BOOK VALUE
At 31 March 2023 129 5,357 1,972 7,458
At 31 March 2022 172 7,143 2,630 9,945

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,601 8,400

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 926 882
Corporation Tax 9,234 7,664
VAT 3,723 3,716
Directors' loan accounts 610 -
14,493 12,262

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
D W Witts and Mrs S Witts
Balance outstanding at start of year - 11,607
Amounts advanced 52,050 70,476
Amounts repaid (52,660 ) (82,083 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (610 ) -

No interest is being charged on the loan and there are no set repayment terms.