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REGISTERED NUMBER: SC357297 (Scotland)















ASPECT LAND AND HYDROGRAPHIC SURVEYS
LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024






ASPECT LAND AND HYDROGRAPHIC SURVEYS
LIMITED (REGISTERED NUMBER: SC357297)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASPECT LAND AND HYDROGRAPHIC SURVEYS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: G J Campbell



SECRETARY: S Campbell



REGISTERED OFFICE: Thornhouse Business Centre
Ballot Road
Irvine
Ayrshire
KA12 0HW



REGISTERED NUMBER: SC357297 (Scotland)



ACCOUNTANTS: JRD Partnership Ltd
Chartered Accountants
11 Portland Road
Kilmarnock
Ayrshire
KA1 2BT



BANKERS: Royal Bank of Scotland plc
96 John Finnie Street
Kilmarnock
KA1 1NY

ASPECT LAND AND HYDROGRAPHIC SURVEYS
LIMITED (REGISTERED NUMBER: SC357297)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 66,412 79,062
Tangible assets 5 2,676,460 2,191,387
2,742,872 2,270,449

CURRENT ASSETS
Stocks 417,732 139,898
Debtors 6 897,975 751,081
Cash at bank and in hand 920,643 985,518
2,236,350 1,876,497
CREDITORS
Amounts falling due within one year 7 376,190 427,798
NET CURRENT ASSETS 1,860,160 1,448,699
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,603,032

3,719,148

PROVISIONS FOR LIABILITIES 570,344 338,209
NET ASSETS 4,032,688 3,380,939

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 4,032,687 3,380,938
SHAREHOLDERS' FUNDS 4,032,688 3,380,939

ASPECT LAND AND HYDROGRAPHIC SURVEYS
LIMITED (REGISTERED NUMBER: SC357297)

BALANCE SHEET - continued
31ST MARCH 2024


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

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

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 director and authorised for issue on 15th October 2024 and were signed by:





G J Campbell - Director


ASPECT LAND AND HYDROGRAPHIC SURVEYS
LIMITED (REGISTERED NUMBER: SC357297)

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


1. STATUTORY INFORMATION

Aspect Land and Hydrographic Surveys Limited is a private company, limited by shares , registered in Scotland. 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 services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


ASPECT LAND AND HYDROGRAPHIC SURVEYS
LIMITED (REGISTERED NUMBER: SC357297)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 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.

Hire purchase and leasing commitments
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 39 (2023 - 35 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 253,000
AMORTISATION
At 1st April 2023 173,938
Charge for year 12,650
At 31st March 2024 186,588
NET BOOK VALUE
At 31st March 2024 66,412
At 31st March 2023 79,062

ASPECT LAND AND HYDROGRAPHIC SURVEYS
LIMITED (REGISTERED NUMBER: SC357297)

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


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2023 100 4,178,073 4,178,173
Additions - 955,927 955,927
Disposals - (212,408 ) (212,408 )
At 31st March 2024 100 4,921,592 4,921,692
DEPRECIATION
At 1st April 2023 100 1,986,686 1,986,786
Charge for year - 390,368 390,368
Eliminated on disposal - (131,922 ) (131,922 )
At 31st March 2024 100 2,245,132 2,245,232
NET BOOK VALUE
At 31st March 2024 - 2,676,460 2,676,460
At 31st March 2023 - 2,191,387 2,191,387

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 792,742 606,264
Amounts owed by group undertakings 1,309 -
Other debtors 103,924 144,817
897,975 751,081

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 73,775 200,695
Amounts owed to group undertakings - 228
Taxation and social security 286,149 182,248
Other creditors 16,266 44,627
376,190 427,798

8. LEASING AGREEMENTS
The company has a licence to occupy its business premises with a current annual commitment of £55,000 which expires on 31 December 2024.

ASPECT LAND AND HYDROGRAPHIC SURVEYS
LIMITED (REGISTERED NUMBER: SC357297)

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


9. RELATED PARTY DISCLOSURES

During the period a dividend of £65,000 was paid to Aspect Surveys Limited, the parent company.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr G Campbell.