Aspen Marketing And Design Limited 06848943 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is specialised design activities. Digita Accounts Production Advanced 6.30.9574.0 true true 06848943 2023-04-01 2024-03-31 06848943 2024-03-31 06848943 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-03-31 06848943 core:RetainedEarningsAccumulatedLosses 2024-03-31 06848943 core:ShareCapital 2024-03-31 06848943 core:CurrentFinancialInstruments 2024-03-31 06848943 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 06848943 core:FurnitureFittingsToolsEquipment 2024-03-31 06848943 bus:SmallEntities 2023-04-01 2024-03-31 06848943 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06848943 bus:FilletedAccounts 2023-04-01 2024-03-31 06848943 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06848943 bus:RegisteredOffice 2023-04-01 2024-03-31 06848943 bus:CompanySecretary1 2023-04-01 2024-03-31 06848943 bus:Director2 2023-04-01 2024-03-31 06848943 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-04-01 2024-03-31 06848943 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06848943 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 06848943 core:OfficeEquipment 2023-04-01 2024-03-31 06848943 core:PlantMachinery 2023-04-01 2024-03-31 06848943 countries:EnglandWales 2023-04-01 2024-03-31 06848943 2023-03-31 06848943 core:FurnitureFittingsToolsEquipment 2023-03-31 06848943 2022-04-01 2023-03-31 06848943 2023-03-31 06848943 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-03-31 06848943 core:RetainedEarningsAccumulatedLosses 2023-03-31 06848943 core:ShareCapital 2023-03-31 06848943 core:CurrentFinancialInstruments 2023-03-31 06848943 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 06848943 core:FurnitureFittingsToolsEquipment 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06848943

Aspen Marketing And Design Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Aspen Marketing And Design Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Aspen Marketing And Design Limited

Company Information

Director

Mr Anthony Hagan Smith

Company secretary

Mrs Tracey Jane Smith

Registered office

1 Newlands Drive
Northowram
Halifax
HX3 7JA

Accountants

Smith Butler
Accountants & Business Advisors
Sapper Jordan Rossi Park
Otley Road
Baildon
West Yorkshire
BD17 7AX

 

Aspen Marketing And Design Limited

(Registration number: 06848943)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,613

2,004

Current assets

 

Debtors

5

114

5,337

Cash at bank and in hand

 

17,083

17,641

 

17,197

22,978

Creditors: Amounts falling due within one year

6

(19,753)

(15,280)

Net current (liabilities)/assets

 

(2,556)

7,698

Net (liabilities)/assets

 

(943)

9,702

Capital and reserves

 

Called up share capital

7

40

40

Retained earnings

(983)

9,662

Shareholders' (deficit)/funds

 

(943)

9,702

 

Aspen Marketing And Design Limited

(Registration number: 06848943)
Balance Sheet as at 31 March 2024

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 August 2024
 

.........................................
Mr Anthony Hagan Smith
Director

 

Aspen Marketing And Design Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Newlands Drive
Northowram
Halifax
HX3 7JA
United Kingdom

These financial statements were authorised for issue by the director on 28 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Aspen Marketing And Design Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% Straight line

Office equipment

25% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Aspen Marketing And Design Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

4,867

4,867

Additions

266

266

At 31 March 2024

5,133

5,133

Depreciation

At 1 April 2023

2,863

2,863

Charge for the year

657

657

At 31 March 2024

3,520

3,520

Carrying amount

At 31 March 2024

1,613

1,613

At 31 March 2023

2,004

2,004

5

Debtors

Current

2024
£

2023
£

Trade debtors

114

3,464

Other debtors

-

1,873

 

114

5,337

 

Aspen Marketing And Design Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

40

455

Taxation and social security

612

1,093

Other creditors

19,101

13,732

19,753

15,280

Creditors: amounts falling due after more than one year

2024
£

2023
£

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

40

40

40

40