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Unaudited Financial Statements

for the Period 28 April 2023 to 31 January 2024

for

ASPECT CEILINGS AND PARTITIONS LIMITED

ASPECT CEILINGS AND PARTITIONS LIMITED (Registered number: 07871796)






Contents of the Financial Statements
for the Period 28 April 2023 to 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ASPECT CEILINGS AND PARTITIONS LIMITED

Company Information
for the Period 28 April 2023 to 31 January 2024







DIRECTORS: S R Horsley
G D Stevens





REGISTERED OFFICE: 4 Hercules House
Calleva Park
Aldermaston
RG7 8DN





REGISTERED NUMBER: 07871796 (England and Wales)





ACCOUNTANTS: Abacus Business Consulting Limited
Thistledown
Wendlebury
Bicester
OX25 2PE

ASPECT CEILINGS AND PARTITIONS LIMITED (Registered number: 07871796)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 103,400 115,692

CURRENT ASSETS
Debtors 5 118,065 278,268
Cash at bank and in hand 206,584 66,536
324,649 344,804
CREDITORS
Amounts falling due within one year 6 119,880 159,754
NET CURRENT ASSETS 204,769 185,050
TOTAL ASSETS LESS CURRENT
LIABILITIES

308,169

300,742

PROVISIONS FOR LIABILITIES 26,000 29,000
NET ASSETS 282,169 271,742

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 281,169 270,742
SHAREHOLDERS' FUNDS 282,169 271,742

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 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.

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 Board of Directors and authorised for issue on 11 February 2025 and were signed on its behalf by:



S R Horsley - Director


ASPECT CEILINGS AND PARTITIONS LIMITED (Registered number: 07871796)

Notes to the Financial Statements
for the Period 28 April 2023 to 31 January 2024

1. STATUTORY INFORMATION

ASPECT CEILINGS AND PARTITIONS 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.

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 etc - 25% on reducing balance and 20% on cost

Taxation
Taxation for the period 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 period 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 9 (2023 - 7 ) .

ASPECT CEILINGS AND PARTITIONS LIMITED (Registered number: 07871796)

Notes to the Financial Statements - continued
for the Period 28 April 2023 to 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 28 April 2023 257,637
Additions 9,906
At 31 January 2024 267,543
DEPRECIATION
At 28 April 2023 141,945
Charge for period 22,198
At 31 January 2024 164,143
NET BOOK VALUE
At 31 January 2024 103,400
At 27 April 2023 115,692

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 61,155 218,749
Other debtors 56,910 59,519
118,065 278,268

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 57,787 96,572
Taxation and social security 21,991 10,286
Other creditors 40,102 52,896
119,880 159,754