Company Registration No. 11139256 (England and Wales)
Aspalis Ltd
Unaudited accounts
for the year ended 31 January 2024
Aspalis Ltd
Unaudited accounts
Contents
Aspalis Ltd
Company Information
for the year ended 31 January 2024
Director
Laurent Olivier Nicq
Company Number
11139256 (England and Wales)
Registered Office
20 Wenlock Road
London
N1 7GU
England
Accountants
The Accountancy Cloud
1 Fore Street Avenue
London
EC2Y 9DT
Aspalis Ltd
Statement of financial position
as at 31 January 2024
Cash at bank and in hand
241,847
192,150
Creditors: amounts falling due within one year
(23,965)
(28,809)
Net current assets
232,875
177,926
Net assets
232,936
178,062
Called up share capital
1
1
Profit and loss account
232,935
178,061
Shareholders' funds
232,936
178,062
For the year ending 31 January 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 15 October 2024 and were signed on its behalf by
Laurent Olivier Nicq
Director
Company Registration No. 11139256
Aspalis Ltd
Notes to the Accounts
for the year ended 31 January 2024
Aspalis Ltd is a private company, limited by shares, registered in England and Wales, registration number 11139256. The registered office is 20 Wenlock Road, London, N1 7GU, England.
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 have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
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 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:
Plant & machinery
25% Straight line
Computer equipment
25% Straight line
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Aspalis Ltd
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2023
372
1,012
1,384
At 31 January 2024
372
1,012
1,384
At 1 February 2023
292
956
1,248
Charge for the year
41
34
75
At 31 January 2024
333
990
1,323
At 31 January 2024
39
22
61
At 31 January 2023
80
56
136
Amounts falling due within one year
Trade debtors
14,767
14,326
Accrued income and prepayments
-
48
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
2,421
2,778
Taxes and social security
14,401
13,340
Loans from directors
7,143
12,691
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).