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REGISTERED NUMBER: 04377415 (England and Wales)












ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ASPECTS HOLDINGS (UK) LIMITED

ASPECTS HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 04377415)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ASPECTS HOLDINGS (UK) LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTOR: A Milne





SECRETARY: Mrs S J Milne





REGISTERED OFFICE: Highdown House
11 Highdown Road
Leamington Spa
Warwickshire
CV31 1XT





REGISTERED NUMBER: 04377415 (England and Wales)






ASPECTS HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 04377415)

ABRIDGED BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 492 738
Tangible assets 5 598,762 640,567
Investments 6 90,555 584
689,809 641,889

CURRENT ASSETS
Debtors 1,305,893 2,062,971
Cash at bank 875,075 23,282
2,180,968 2,086,253
CREDITORS
Amounts falling due within one year 1,765,761 1,506,873
NET CURRENT ASSETS 415,207 579,380
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,105,016

1,221,269

CREDITORS
Amounts falling due after more than one
year

(112,713

)

(248,023

)

PROVISIONS FOR LIABILITIES (91,372 ) (117,171 )
NET ASSETS 900,931 856,075

CAPITAL AND RESERVES
Called up share capital 200 200
Capital redemption reserve 50 50
Retained earnings 900,681 855,825
SHAREHOLDERS' FUNDS 900,931 856,075

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ASPECTS HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 04377415)

ABRIDGED BALANCE SHEET - continued
31 December 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 December 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 director and authorised for issue on 6 August 2024 and were signed by:





A Milne - Director


ASPECTS HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 04377415)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Aspects Holdings (UK) 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 company's place of business is Units 10/11 Mere Farm Business Complex, Red House Lane, Hannington, Northamptonshire, NN6 9FP.

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.

The principal accounting policies adopted in the preparation of the financial statements are set out below.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intangible assets represents the purchase of a trademark, which is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Office equipment - 33% on cost
Motor vehicles - 25% on reducing balance and 15% on reducing balance

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

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


ASPECTS HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 04377415)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 2,461
AMORTISATION
At 1 January 2023 1,723
Amortisation for year 246
At 31 December 2023 1,969
NET BOOK VALUE

At 31 December 2023 492
At 31 December 2022 738

ASPECTS HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 04377415)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 1,188,129
Additions 263,445
Disposals (388,349 )
At 31 December 2023 1,063,225
DEPRECIATION
At 1 January 2023 547,562
Charge for year 192,598
Eliminated on disposal (275,697 )
At 31 December 2023 464,463
NET BOOK VALUE
At 31 December 2023 598,762
At 31 December 2022 640,567

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 January 2023 826,810
Disposals (174,264 )
Transfer to ownership (163,721 )
At 31 December 2023 488,825
DEPRECIATION
At 1 January 2023 267,862
Charge for year 144,120
Eliminated on disposal (115,565 )
Transfer to ownership (92,893 )
At 31 December 2023 203,524
NET BOOK VALUE
At 31 December 2023 285,301
At 31 December 2022 558,948

ASPECTS HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 04377415)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2023 584
Additions 90,003
Disposals (32 )
At 31 December 2023 90,555
NET BOOK VALUE
At 31 December 2023 90,555
At 31 December 2022 584

7. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 118,650 189,333
Between one and five years 112,713 248,023
231,363 437,356

Non-cancellable operating leases
2023 2022
£    £   
Within one year 20,306 20,305
Between one and five years 20,998 41,304
41,304 61,609

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 231,363 437,356

The hire purchase liabilities are secured on the assets concerned.

Arising from a mortgage undertaken for a related party, there is also a fixed and floating charge held by Julian Hodge Bank over land and buildings at Mere Farm Business Complex, Red House Lane, Hannington, Northamptonshire, NN6 9FP.

ASPECTS HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 04377415)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
A Milne
Balance outstanding at start of year - -
Amounts advanced 140,887 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 140,887 -

The above loan has been fully repaid by 31 March 2024.