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REGISTERED NUMBER: 10110603 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 March 2024

for

Aspect Polo Limited

Aspect Polo Limited (Registered number: 10110603)






Contents of the Financial Statements
for the Year Ended 30 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aspect Polo Limited

Company Information
for the Year Ended 30 March 2024







DIRECTOR: Mrs S A Wiseman





REGISTERED OFFICE: 1 Old Forge Mews
Horsham Road
Five Oaks
West Sussex
RH14 9AP





REGISTERED NUMBER: 10110603 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
The Old Stables
Sutton Manor Farm
Bishops Sutton
Alresford
Hampshire
SO24 0AA

Aspect Polo Limited (Registered number: 10110603)

Balance Sheet
30 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,188 29,968

CURRENT ASSETS
Stocks 29,504 29,504
Debtors 5 4,173 3,320
Cash at bank 15,068 7,067
48,745 39,891
CREDITORS
Amounts falling due within one year 6 43,997 44,554
NET CURRENT ASSETS/(LIABILITIES) 4,748 (4,663 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,936

25,305

CREDITORS
Amounts falling due after more than one
year

7

(5,932

)

(11,153

)

PROVISIONS FOR LIABILITIES 8 (4,786 ) (5,694 )
NET ASSETS 19,218 8,458

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 19,118 8,358
19,218 8,458

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Aspect Polo Limited (Registered number: 10110603)

Balance Sheet - continued
30 March 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 by the director and authorised for issue on 27 December 2024 and were signed by:





Mrs S A Wiseman - Director


Aspect Polo Limited (Registered number: 10110603)

Notes to the Financial Statements
for the Year Ended 30 March 2024

1. STATUTORY INFORMATION

Aspect Polo 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.

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.

The accounts have been prepared on a going concern basis having received assurances from the director that she will continue to support the company.

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.
Plant and machinery - 15% reducing balance basis
Equipment - 15% reducing balance basis
Computer equipment - 33.3% on cost

Stocks
Stock has been valued at the lower of cost and net realisable value by the director.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

Aspect Polo Limited (Registered number: 10110603)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery Equipment equipment Totals
£    £    £    £   
COST
At 31 March 2023
and 30 March 2024 40,840 2,636 1,502 44,978
DEPRECIATION
At 31 March 2023 12,052 1,791 1,167 15,010
Charge for year 4,318 127 335 4,780
At 30 March 2024 16,370 1,918 1,502 19,790
NET BOOK VALUE
At 30 March 2024 24,470 718 - 25,188
At 30 March 2023 28,788 845 335 29,968

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,626 2,201
Other debtors - 601
Prepayments 547 518
4,173 3,320

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bounce back loan 5,148 5,148
Trade creditors 1,500 1,441
Tax 3,963 27
Other creditors 1,200 -
Directors' current accounts 30,626 36,438
Accrued expenses 1,560 1,500
43,997 44,554

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bounce back loan 5,932 11,153

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,786 5,694

Aspect Polo Limited (Registered number: 10110603)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 31 March 2023 5,694
Accelerated capital allowances (908 )
Losses
Balance at 30 March 2024 4,786

9. RELATED PARTY DISCLOSURES

Mrs S Wiseman
Director

At the balance sheet date the amount owed to Mrs S Wiseman from the company was £30,626 (2023 £36,438).

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs S A Wiseman.