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REGISTERED NUMBER: 11148382 (England and Wales)














ASP ENVIRONMENTAL LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






ASP ENVIRONMENTAL LTD (REGISTERED NUMBER: 11148382)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ASP ENVIRONMENTAL LTD

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTORS: A J Bhreathnach
S Joynes





REGISTERED OFFICE: The Old Garage
The Street
Great Thurlow
Haverhill
Suffolk
CB9 7LA





REGISTERED NUMBER: 11148382 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE

ASP ENVIRONMENTAL LTD (REGISTERED NUMBER: 11148382)

STATEMENT OF FINANCIAL POSITION
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 192,611 119,124
Investments 6 59 59
192,670 119,183

CURRENT ASSETS
Debtors 7 262,872 219,292
Cash at bank 85,037 12,941
347,909 232,233
CREDITORS
Amounts falling due within one year 8 273,654 154,504
NET CURRENT ASSETS 74,255 77,729
TOTAL ASSETS LESS CURRENT
LIABILITIES

266,925

196,912

CREDITORS
Amounts falling due after more than one
year

9

(73,518

)

(33,749

)

PROVISIONS FOR LIABILITIES (48,153 ) (22,634 )
NET ASSETS 145,254 140,529

CAPITAL AND RESERVES
Called up, paid and allotted share capital 10 10 10
Retained earnings 145,244 140,519
SHAREHOLDERS' FUNDS 145,254 140,529

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

ASP ENVIRONMENTAL LTD (REGISTERED NUMBER: 11148382)

STATEMENT OF FINANCIAL POSITION - continued
31 January 2024


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 15 August 2024 and were signed on its behalf by:





A J Bhreathnach - Director


ASP ENVIRONMENTAL LTD (REGISTERED NUMBER: 11148382)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

ASP Environmental 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, rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Income recognition
Income is recognised when goods/services have been delivered to customers such that risks and rewards of ownership have transferred to them.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

ASP ENVIRONMENTAL LTD (REGISTERED NUMBER: 11148382)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 7 ) .

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 77,359 102,774 1,385 181,518
Additions 45,403 79,036 - 124,439
At 31 January 2024 122,762 181,810 1,385 305,957
DEPRECIATION
At 1 February 2023 22,596 39,341 457 62,394
Charge for year 15,025 35,620 307 50,952
At 31 January 2024 37,621 74,961 764 113,346
NET BOOK VALUE
At 31 January 2024 85,141 106,849 621 192,611
At 31 January 2023 54,763 63,433 928 119,124

6. FIXED ASSET INVESTMENTS

Investments in subsidiary undertakings
2024 2023
£ £
Ordinary shares at cost in:
Fuelscape Limited 59 59
59 59

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 251,860 216,162
Amounts owed by group undertakings - 2,896
Other debtors 11,012 234
262,872 219,292

ASP ENVIRONMENTAL LTD (REGISTERED NUMBER: 11148382)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,000 2,000
Hire purchase contracts 30,219 13,576
Trade creditors 91,404 24,788
Amounts owed to group undertakings 37,800 -
Taxation and social security 108,954 107,669
Other creditors 3,277 6,471
273,654 154,504

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 2,667 4,667
Hire purchase contracts 70,851 29,082
73,518 33,749

10. CALLED UP, PAID AND ALLOTTED SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2024
value: £ £
1,000 Ordinary 1p 10 10
NIL D Ordinary 1p - -
1 Ordinary A 1p - -
1 Ordinary B 1p - -
0 Ordinary C 1p - -
1 Ordinary D 1p - -
1 Ordinary E 1p - -
1 Ordinary F 1p - -
1 Ordinary G 1p - -
10 10

During the year the company bought back 1 Ordinary C share at it's par value of 1p.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
S Joynes
Balance outstanding at start of year - -
Amounts advanced 4,916 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,916 -

ASP ENVIRONMENTAL LTD (REGISTERED NUMBER: 11148382)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

The loan is interest free and repayable on demand.

12. RELATED PARTY DISCLOSURES

The directors operate loan accounts with the company. At the year end the directors one director was owed £84, the details of another director can be seen on the note above.