Company Registration No. 11394519 (England and Wales)
Aspect Building Services Ltd
Unaudited accounts
for the year ended 30 June 2024
Aspect Building Services Ltd
Unaudited accounts
Contents
Aspect Building Services Ltd
Company Information
for the year ended 30 June 2024
Director
Scott Ellerington
Company Number
11394519 (England and Wales)
Registered Office
2 Exeter Street
Cottingham
East Riding of Yorkshire
HU164LU
United Kingdom
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
Aspect Building Services Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
128,322
123,541
Cash at bank and in hand
17,493
10,298
Creditors: amounts falling due within one year
(90,353)
(83,455)
Net current liabilities
(26,871)
(38,753)
Total assets less current liabilities
101,451
84,788
Creditors: amounts falling due after more than one year
(55,944)
(66,595)
Called up share capital
100
100
Revaluation reserve
53,523
53,523
Profit and loss account
(8,116)
(35,430)
Shareholders' funds
45,507
18,193
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 September 2024 and were signed on its behalf by
Scott Ellerington
Director
Company Registration No. 11394519
Aspect Building Services Ltd
Notes to the Accounts
for the year ended 30 June 2024
Aspect Building Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 11394519. The registered office is 2 Exeter Street, Cottingham, East Riding of Yorkshire, HU164LU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% WDV
Computer equipment
25% WDV
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Aspect Building Services Ltd
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 July 2023
120,000
7,210
5,740
3,936
1,060
137,946
Additions
-
-
8,420
-
-
8,420
At 30 June 2024
120,000
7,210
14,160
3,936
1,060
146,366
At 1 July 2023
-
5,413
5,740
2,639
613
14,405
Charge for the year
-
1,442
1,453
394
350
3,639
At 30 June 2024
-
6,855
7,193
3,033
963
18,044
At 30 June 2024
120,000
355
6,967
903
97
128,322
At 30 June 2023
120,000
1,797
-
1,297
447
123,541
The property has been revalued in the year based on current market values. The original cost was £66,477.
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,410
8,597
Taxes and social security
-
542
Loans from directors
76,172
71,058
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).