Registered Number:01736764 |
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2024
Aspengold Limited
Contents Page
1
Statement of Financial Position
2 to 6
Notes to the Financial Statements
Aspengold Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
4,370
5,461
2
3
7,646,480
7,646,000
935,531
901,718
4
8,552,568
8,586,992
983,905
210,000
5
Trade and other receivables |
523,148
548,307
6
440,505
Cash and cash equivalents |
1,007,427
1,765,734
1,947,558
Trade and other payables: amounts falling due within one year |
(415,493)
(340,681)
7
1,532,065
1,425,053
Net current assets
Total assets less current liabilities |
9,977,621
10,119,057
Trade and other payables: amounts falling due after more than one year |
(2,982,453)
(2,937,607)
8
(718,921)
(718,921)
Provisions for liabilities |
6,321,093
Net assets
6,417,683
100
100
3,064,879
3,064,879
3,256,114
3,352,704
6,321,093
6,417,683
Shareholders' funds
For the year ended 31 March 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 March 2024
Aspengold Limited
Statement of Financial Position Continued
Miss Nimah Merali Director |
These financial statements were approved and authorised for issue by the Board on 27 November 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2024
Aspengold Limited
Notes to the Financial Statements
Statutory Information
Aspengold Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 01736764. |
209-211 Whitham Road
Sheffield
S10 2SP
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have |
been prepared under the historical costs convention as modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Motor vehicles
Fixtures and fittings
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected useful lives are |
sufficiently long and the estimated residual values are sufficiently high that any such depreciation would be immaterial. The directors |
undertake an annual impairment review of these properties. |
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 31 March 2024
Aspengold Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
399,215
344,776
54,439
54,439
344,776
399,215
Provision for depreciation and impairment |
393,754
340,864
52,890
Charge for year
1,091
782
309
394,845
341,646
53,199
1,240
3,130
4,370
1,549
3,912
5,461
7,767,460
480
7,767,940
121,460
121,460
7,646,480
7,646,000
The historical cost of thes assets is £4,135,009 (2023: £4,134,529)
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For the year ended 31 March 2024
Aspengold Limited
Notes to the Financial Statements Continued
4. Investments held as fixed assets |
Other investments
Loans to group and |
participating |
interests |
935,531
3,100
932,431
(33,813)
-
(33,813)
898,618
3,100
901,718
898,618
3,100
901,718
935,531
932,431
3,100
2023
2024
210,000
983,905
6. Trade and other receivables |
2023
2024
82,712
39,900
465,595
483,248
523,148
548,307
7. Trade and other payables: amounts falling due within one year |
2023
2024
1
-
Taxation and social security |
311
90,819
340,369
324,674
340,681
415,493
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For the year ended 31 March 2024
Aspengold Limited
Notes to the Financial Statements Continued
8. Trade and other payables: amounts falling due after more than one year |
2023
2024
Bank loans and overdraft (secured) |
2,937,607
2,982,453
9. Average number of persons employed |
During the year the average number of employees was 1 (2023 : 1)
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