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REGISTERED NUMBER: 11772549 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

ASPEN WAITE SOUTH LIMITED

ASPEN WAITE SOUTH LIMITED (REGISTERED NUMBER: 11772549)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASPEN WAITE SOUTH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTOR: Mr P D Waite





REGISTERED OFFICE: Boston House
Grove Business Park
Wantage
Oxfordshire
OX12 9FF





REGISTERED NUMBER: 11772549 (England and Wales)





ACCOUNTANTS: Aspen Waite Limited
Chartered Accountants
Rubis House
15 Friarn Street
Bridgwater
Somerset
TA6 3LH

ASPEN WAITE SOUTH LIMITED (REGISTERED NUMBER: 11772549)

BALANCE SHEET
31ST JANUARY 2024

31/1/24 31/1/23
Notes £    £   
FIXED ASSETS
Intangible assets 4 132,215 157,715
Tangible assets 5 21,135 24,513
153,350 182,228

CURRENT ASSETS
Work in progress 19,333 23,333
Debtors 6 52,868 62,804
Cash at bank 12,204 18,082
84,405 104,219
CREDITORS
Amounts falling due within one year 7 (108,198 ) (118,387 )
NET CURRENT LIABILITIES (23,793 ) (14,168 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

129,557

168,060

CREDITORS
Amounts falling due after more than one
year

8

(16,460

)

(41,167

)

PROVISIONS FOR LIABILITIES - (1,080 )
NET ASSETS 113,097 125,813

CAPITAL AND RESERVES
Called up share capital 9 40,100 100
Retained earnings 72,997 125,713
SHAREHOLDERS' FUNDS 113,097 125,813

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 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.

ASPEN WAITE SOUTH LIMITED (REGISTERED NUMBER: 11772549)

BALANCE SHEET - continued
31ST JANUARY 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 and authorised for issue by the director and authorised for issue on 14th October 2024 and were signed by:





Mr P D Waite - Director


ASPEN WAITE SOUTH LIMITED (REGISTERED NUMBER: 11772549)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024

1. STATUTORY INFORMATION

Aspen Waite South 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 presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

Computer equipment - 25% straight line basis
Plant and machinery - 25% straight line basis
Fixtures and fittings - 25% straight line basis

WORK IN PROGRESS
Work in progress is valued at the lower of cost and net realisable value.

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.


ASPEN WAITE SOUTH LIMITED (REGISTERED NUMBER: 11772549)

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

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.

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 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st February 2023
and 31st January 2024 250,699
AMORTISATION
At 1st February 2023 92,984
Charge for year 25,500
At 31st January 2024 118,484
NET BOOK VALUE
At 31st January 2024 132,215
At 31st January 2023 157,715

ASPEN WAITE SOUTH LIMITED (REGISTERED NUMBER: 11772549)

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

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st February 2023
and 31st January 2024 28,000 6,075 34,075
DEPRECIATION
At 1st February 2023 4,900 4,662 9,562
Charge for year 2,800 578 3,378
At 31st January 2024 7,700 5,240 12,940
NET BOOK VALUE
At 31st January 2024 20,300 835 21,135
At 31st January 2023 23,100 1,413 24,513

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade debtors 34,091 23,912
Amounts owed by group undertakings 8,014 -
Other debtors 25 25
Prepayments and accrued income 4,416 18,416
Prepayments 6,322 20,451
52,868 62,804

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Bank loans and overdrafts 54,557 7,000
Trade creditors 8,355 21,743
Amounts owed to group undertakings - 52,230
Social security and other taxes 11,835 5,099
VAT 18,712 19,728
Other creditors 7,239 5,087
Accrued expenses 7,500 7,500
108,198 118,387

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/24 31/1/23
£    £   
Bank loans due 2-5 years 15,167 22,167
Directors' loan accounts 1,293 19,000
16,460 41,167

ASPEN WAITE SOUTH LIMITED (REGISTERED NUMBER: 11772549)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/1/24 31/1/23
value: £    £   
100 Ordinary £1 100 100
40,000 Preference 1 40,000 -
40,100 100

40,000 Preference shares of 1 each were allotted and fully paid for cash at par during the year.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P D Waite.