Company registration number 05883450 (England and Wales)
Aspro Maintenance Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 May 2024
PAGES FOR FILING WITH REGISTRAR
Aspro Maintenance Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
Aspro Maintenance Limited
Statement Of Financial Position
as at 31 May 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
310,138
220,882
Current assets
Debtors
4
136,107
228,802
Cash at bank and in hand
83,998
134,163
220,105
362,965
Creditors: amounts falling due within one year
5
(434,113)
(309,006)
Net current (liabilities)/assets
(214,008)
53,959
Total assets less current liabilities
96,130
274,841
Creditors: amounts falling due after more than one year
6
(82,207)
(101,750)
Net assets
13,923
173,091
Capital and reserves
Called up share capital
105
100
Profit and loss reserves
13,818
172,991
Total equity
13,923
173,091
Aspro Maintenance Limited
Statement Of Financial Position (continued)
as at 31 May 2024
- 2 -

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 10 January 2025
D J Tunstall
Director
Company Registration No. 05883450
Aspro Maintenance Limited
Notes to the financial statements
for the year ended 31 May 2024
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover is recognised at the fair value of the consideration received for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. Turnover is recognised upon provision of goods and services.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Motor vehicles
25% on written down value

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax is recognised on all timing differences between the carrying amount of of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is then settled or the asset realised, based on the tax rates that have been enacted or substantively enacted by the end of the reporting period.

Leases

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the income statement so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Aspro Maintenance Limited
Notes to the financial statements (continued)
for the year ended 31 May 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
22
22
3
Tangible fixed assets
Motor vehicles
£
Cost
At 1 June 2023
324,347
Additions
230,383
Disposals
(98,874)
At 31 May 2024
455,856
Depreciation and impairment
At 1 June 2023
103,465
Depreciation charged in the year
73,291
Eliminated in respect of disposals
(31,038)
At 31 May 2024
145,718
Carrying amount
At 31 May 2024
310,138
At 31 May 2023
220,882
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
136,107
113,094
Amounts owed by connected company
-
0
115,708
136,107
228,802
Aspro Maintenance Limited
Notes to the financial statements (continued)
for the year ended 31 May 2024
- 5 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loan
25,000
33,333
Obligations under hire purchase
84,032
62,497
Trade creditors
117,970
54,925
Other taxation and social security
59,995
43,729
Other creditors
145,616
113,022
Accruals and deferred income
1,500
1,500
434,113
309,006

The obligations held under hire purchase contracts are secured by fixed charges over the assets to which they relate.

6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loan
-
0
25,000
Obligations under hire purchase
82,207
76,750
82,207
101,750

The obligations held under hire purchase contracts are secured by fixed charges over the assets to which they relate.

 

 

7
Company information

Aspro Maintenance Limited is a private company limited by shares incorporated in England and Wales. The registered office is West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.

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