Registered number
08272744
Aspect Arboriculture Limited
Unaudited Filleted Accounts
31 December 2023
Aspect Arboriculture Limited
Registered number: 08272744
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 38,776 15,575
Current assets
Stocks 20,748 54,432
Debtors 4 131,679 126,139
Cash at bank and in hand 349,139 321,329
501,566 501,900
Creditors: amounts falling due within one year 5 (89,787) (117,219)
Net current assets 411,779 384,681
Total assets less current liabilities 450,555 400,256
Provisions for liabilities (8,168) (1,515)
Net assets 442,387 398,741
Capital and reserves
Called up share capital 50 50
Profit and loss account 442,337 398,691
Shareholders' funds 442,387 398,741
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Curtis
Director
Approved by the board on 18 April 2024
Aspect Arboriculture Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the value of services provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold improvements over the lease term
Plant and machinery over 2 or 3 years
Stocks
Stocks and work in progress are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks and work in progress to their present location and condition.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leases
Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 9 9
3 Tangible fixed assets
Leasehold improve-ments Plant and machinery etc Total
£ £ £
Cost
At 1 January 2023 11,403 20,753 32,156
Additions - 33,155 33,155
At 31 December 2023 11,403 53,908 65,311
Depreciation
At 1 January 2023 2,206 14,374 16,580
Charge for the year 1,425 8,530 9,955
At 31 December 2023 3,631 22,904 26,535
Net book value
At 31 December 2023 7,772 31,004 38,776
At 31 December 2022 9,197 6,379 15,576
4 Debtors 2023 2022
£ £
Trade debtors 129,636 105,347
Other debtors 2,043 20,792
131,679 126,139
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 4,042 5,415
Taxation and social security costs 69,971 93,498
Other creditors 15,774 18,306
89,787 117,219
6 Share capital 2023 2022
£ £
Allotted, called up share capital which has been paid up
45 Ordinary A shares of £0.50 each 23 23
45 Ordinary B shares of £0.50 each 22 22
10 Ordinary C shares of £0.50 each 5 5
50 50
7 Events after the reporting date
On 24th January 2024, as part of a group restructuring, the entire share capital of Aspect Arboriculture Limited was acquired by Aspect Arboriculture Holdings Limited. The parent company, Aspect Arboriculture Holdings Limited, is a private company limited by shares and incorporated in England, which shares the same registered office as Aspect Arboriculture Limited.
8 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 54,344 67,809
9 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Loan 1 14,376 - (14,376) -
14,376 - (14,376) -
Included within other debtors is the above loan that was made to the directors and fully repaid in the year. The loan is unsecured and is repayable on demand. Interest was not required to be charged on the loan.
10 Controlling party
At the balance sheet date, the company was controlled jointly by B Wright and V Wright who together own 90% of the issued share capital of the company.
11 Other information
Aspect Arboriculture Limited is a private company limited by shares and incorporated in England. Its registered office is:
Gilmarde House
47 South Bar Street
Banbury
Oxfordshire
OX16 9AB
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