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REGISTERED NUMBER: 04636239 (England and Wales)












ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ASPECTS BUILDING SERVICES LIMITED

ASPECTS BUILDING SERVICES LIMITED (REGISTERED NUMBER: 04636239)






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 BUILDING SERVICES 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: 04636239 (England and Wales)






ASPECTS BUILDING SERVICES LIMITED (REGISTERED NUMBER: 04636239)

ABRIDGED BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,507 53,334

CURRENT ASSETS
Work in progress 52,246 342,487
Debtors 2,110,254 1,475,543
Cash at bank 206,537 230,373
2,369,037 2,048,403
CREDITORS
Amounts falling due within one year 2,006,142 1,651,011
NET CURRENT ASSETS 362,895 397,392
TOTAL ASSETS LESS CURRENT
LIABILITIES

395,402

450,726

CREDITORS
Amounts falling due after more than one
year

(75,000

)

(125,000

)

PROVISIONS FOR LIABILITIES (6,658 ) (9,346 )
NET ASSETS 313,744 316,380

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 313,644 316,280
SHAREHOLDERS' FUNDS 313,744 316,380

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 BUILDING SERVICES LIMITED (REGISTERED NUMBER: 04636239)

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 27 June 2024 and were signed by:





A Milne - Director


ASPECTS BUILDING SERVICES LIMITED (REGISTERED NUMBER: 04636239)

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

1. STATUTORY INFORMATION

Aspects Building Services 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.

Going concern

The Directors are satisfied that the Group has sufficient resources to continue in operation and to meet its foreseeable needs.

The Directors have therefore concluded that there are no material uncertainties for the Group, and so it is appropriate to prepare the accounts on a going concern basis.

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.

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 - 33% on cost
Office equipment - 33% on cost
Motor vehicles - 25% on reducing balance

Work in progress
The amount of profit attributable to the stage of completion of long term projects is arrived at by reference to the estimated overall profitability of the project. Appropriate provisions are made for any losses in the year in which they are first foreseen. Work in progress relating to long term projects is stated at cost less provision for anticipated losses.

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 BUILDING SERVICES LIMITED (REGISTERED NUMBER: 04636239)

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 10 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 197,049
Additions 11,016
Disposals (37,761 )
At 31 December 2023 170,304
DEPRECIATION
At 1 January 2023 143,715
Charge for year 30,362
Eliminated on disposal (36,280 )
At 31 December 2023 137,797
NET BOOK VALUE
At 31 December 2023 32,507
At 31 December 2022 53,334

ASPECTS BUILDING SERVICES LIMITED (REGISTERED NUMBER: 04636239)

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

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 10,876 7,723
Between one and five years 20,020 16,734
30,896 24,457

6. PENSION COMMITMENTS

There are pension commitments of £557 (2022 - £832) outstanding at the year end.