IRIS Accounts Production v24.2.0.383 05452174 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh054521742023-05-31054521742024-05-31054521742023-06-012024-05-31054521742022-05-31054521742022-06-012023-05-31054521742023-05-3105452174ns15:EnglandWales2023-06-012024-05-3105452174ns14:PoundSterling2023-06-012024-05-3105452174ns10:Director12023-06-012024-05-3105452174ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3105452174ns10:SmallEntities2023-06-012024-05-3105452174ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3105452174ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3105452174ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3105452174ns10:FullAccounts2023-06-012024-05-3105452174ns10:Director22023-06-012024-05-3105452174ns10:CompanySecretary12023-06-012024-05-3105452174ns10:RegisteredOffice2023-06-012024-05-3105452174ns5:CurrentFinancialInstruments2024-05-3105452174ns5:CurrentFinancialInstruments2023-05-3105452174ns5:Non-currentFinancialInstruments2024-05-3105452174ns5:Non-currentFinancialInstruments2023-05-3105452174ns5:ShareCapital2024-05-3105452174ns5:ShareCapital2023-05-3105452174ns5:RetainedEarningsAccumulatedLosses2024-05-3105452174ns5:RetainedEarningsAccumulatedLosses2023-05-3105452174ns5:FurnitureFittings2023-06-012024-05-3105452174ns5:MotorVehicles2023-06-012024-05-3105452174ns5:FurnitureFittings2023-05-3105452174ns5:MotorVehicles2023-05-3105452174ns5:FurnitureFittings2024-05-3105452174ns5:MotorVehicles2024-05-3105452174ns5:FurnitureFittings2023-05-3105452174ns5:MotorVehicles2023-05-3105452174ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-05-3105452174ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-05-3105452174ns5:RetainedEarningsAccumulatedLosses2023-05-3105452174ns5:RetainedEarningsAccumulatedLosses2023-06-012024-05-31
REGISTERED NUMBER: 05452174 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

ASPENAIR SERVICE LTD

ASPENAIR SERVICE LTD (REGISTERED NUMBER: 05452174)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASPENAIR SERVICE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: J D Steerwood
D J Steerwood





SECRETARY: J D Steerwood





REGISTERED OFFICE: Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA





REGISTERED NUMBER: 05452174 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

ASPENAIR SERVICE LTD (REGISTERED NUMBER: 05452174)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,691 8,922

CURRENT ASSETS
Stock and work in progress 1,582 1,612
Debtors 5 56,728 75,754
Cash at bank 6,626 18,032
64,936 95,398
CREDITORS
Amounts falling due within one year 6 41,287 66,860
NET CURRENT ASSETS 23,649 28,538
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,340

37,460

CREDITORS
Amounts falling due after more than one
year

7

29,409

33,765
NET ASSETS 931 3,695

CAPITAL AND RESERVES
Called up share capital 40 40
Retained earnings 8 891 3,655
SHAREHOLDERS' FUNDS 931 3,695

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

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

ASPENAIR SERVICE LTD (REGISTERED NUMBER: 05452174)

BALANCE SHEET - continued
31 MAY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:





J D Steerwood - Director


ASPENAIR SERVICE LTD (REGISTERED NUMBER: 05452174)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Aspenair Service Ltd 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.

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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stock and work in progress
Stock and work in progress is valued at cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

ASPENAIR SERVICE LTD (REGISTERED NUMBER: 05452174)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings Motor
& equipment vehicles Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 29,968 22,025 51,993
DEPRECIATION
At 1 June 2023 27,038 16,033 43,071
Charge for year 733 1,498 2,231
At 31 May 2024 27,771 17,531 45,302
NET BOOK VALUE
At 31 May 2024 2,197 4,494 6,691
At 31 May 2023 2,930 5,992 8,922

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 56,728 75,754

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 19,504 45,272
Tax 8,854 11,957
Social security and other taxes 1,279 1,631
VAT 5,195 4,286
Directors' current accounts 1,346 229
Accrued expenses 5,109 3,485
41,287 66,860

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loan 29,409 33,765

8. RESERVES
Retained
earnings
£   

At 1 June 2023 3,655
Profit for the year 22,236
Dividends (25,000 )
At 31 May 2024 891

ASPENAIR SERVICE LTD (REGISTERED NUMBER: 05452174)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

9. TRANSACTIONS WITH DIRECTORS

During the year, there was rent payable of £16,800 (2023: £15,800) for premises owned by the director J D Steerwood.