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REGISTERED NUMBER: 02889780 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

ASPEN MARKETING LIMITED

ASPEN MARKETING LIMITED (REGISTERED NUMBER: 02889780)






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 MARKETING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTORS: Mrs L C Waite
Mr P D Waite FCA, FCCA
Mrs G Marsh



REGISTERED OFFICE: Rubis House
15 Friarn Street
Bridgwater
Somerset
TA6 3LH



REGISTERED NUMBER: 02889780 (England and Wales)



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



BANKERS: HSBC
17 North Street
Taunton
Somerset
TA1 1NA

ASPEN MARKETING LIMITED (REGISTERED NUMBER: 02889780)

BALANCE SHEET
31ST JANUARY 2024

31/1/24 31/1/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 327,166 319,588
Investments 5 623,650 678,651
950,816 998,239

CURRENT ASSETS
Work in progress 267,927 426,402
Debtors 6 1,120,136 1,420,575
Cash at bank and in hand 55 88,134
1,388,118 1,935,111
CREDITORS
Amounts falling due within one year 7 (664,354 ) (644,067 )
NET CURRENT ASSETS 723,764 1,291,044
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,674,580

2,289,283

CREDITORS
Amounts falling due after more than one
year

8

(313,310

)

(534,892

)
NET ASSETS 1,361,270 1,754,391

CAPITAL AND RESERVES
Called up share capital 305,017 305,017
Share premium 162,487 162,487
Retained earnings 893,766 1,286,887
1,361,270 1,754,391

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 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.

ASPEN MARKETING LIMITED (REGISTERED NUMBER: 02889780)

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 Board of Directors and authorised for issue on 31st October 2024 and were signed on its behalf by:





Mr P D Waite FCA, FCCA - Director


ASPEN MARKETING LIMITED (REGISTERED NUMBER: 02889780)

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

1. STATUTORY INFORMATION

Aspen Marketing 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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on reducing balance

WORK IN PROGRESS
Work in progress is valued at 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.

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.

RESEARCH AND DEVELOPMENT
Expenditure on research and development is written off in the year in which it is incurred.


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.

ASPEN MARKETING LIMITED (REGISTERED NUMBER: 02889780)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 24 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st February 2023 192,400 84,270 369,320 645,990
Additions 45,000 - 36,498 81,498
At 31st January 2024 237,400 84,270 405,818 727,488
DEPRECIATION
At 1st February 2023 78,905 62,714 184,783 326,402
Charge for year 28,800 11,280 33,840 73,920
At 31st January 2024 107,705 73,994 218,623 400,322
NET BOOK VALUE
At 31st January 2024 129,695 10,276 187,195 327,166
At 31st January 2023 113,495 21,556 184,537 319,588

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st February 2023 678,651
Disposals (55,001 )
At 31st January 2024 623,650
NET BOOK VALUE
At 31st January 2024 623,650
At 31st January 2023 678,651

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade debtors 226,392 206,134
Other debtors 328,819 329,145
Amount owed by connected companies 405,220 438,505
Accrued income 150,000 437,084
Prepayments 9,705 9,707
1,120,136 1,420,575

ASPEN MARKETING LIMITED (REGISTERED NUMBER: 02889780)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Bank loan and overdrafts 205,090 183,220
Hire purchase contracts 5,121 12,190
Trade creditors 54,466 20,574
Corporation tax 30,432 49,113
Social security and other taxes 34,040 16,615
VAT 47,573 48,519
Other creditors 134,747 146,337
Directors' current accounts 57,771 123,295
Accruals and deferred income 95,114 44,204
664,354 644,067

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/24 31/1/23
£    £   
Bank loan due 1-2 years 313,310 499,324
Hire purchase contracts - 35,568
313,310 534,892

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P D Waite FCA, FCCA.

All transactions between group members are at a commercial rate.