Company registration number 15000542 (England and Wales)
ASPECT MANAGEMENT GROUP LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024
ASPECT MANAGEMENT GROUP LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
ASPECT MANAGEMENT GROUP LIMITED
BALANCE SHEET
- 1 -
2024
Notes
£
£
Fixed assets
Investments
3
1,635,779
Current assets
Debtors
5
4,704
Cash at bank and in hand
1,043
5,747
Creditors: amounts falling due within one year
6
(616,661)
Net current liabilities
(610,914)
Net assets
1,024,865
Capital and reserves
Called up share capital
130
Share premium account
999,870
Profit and loss reserves
24,865
Total equity
1,024,865
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their 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 period 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 by the board of directors and authorised for issue on 23 January 2025 and are signed on its behalf by:
A Cook
P Booth
Director
Director
Company registration number 15000542 (England and Wales)
ASPECT MANAGEMENT GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
1.1
Reporting period
The financial statements are the company's first financial statements from its date of incorporation to its first accounting period end of 30 June 2024.
1.2
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. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.3
Turnover
Turnover relates to management charges receivable from group companies.
1.4
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
1.5
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.6
Equity instruments
Ordinary shares are classified as equity. There are three classes of Ordinary shares; Ordinary shares, Ordinary A shares and Ordinary B shares. There are no restrictions on the distribution of dividends or the repayment of capital per the rights attached to each class of share. The Ordinary shares are the voting shares.
1.7
Taxation
The tax expense represents the sum of the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account 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.
ASPECT MANAGEMENT GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 3 -
1.8
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.9
Company information
Aspect Management Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is Capital House, 272 Manchester Road, Droylsden, Manchester, M43 6PW.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2024
Number
Total
3
3
Fixed asset investments
2024
£
Shares in group undertakings and participating interests
1,635,779
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
Valuation changes
1,635,779
At 30 June 2024
1,635,779
Carrying amount
At 30 June 2024
1,635,779
ASPECT MANAGEMENT GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2024
- 4 -
4
Subsidiaries
These financial statements are separate company financial statements for Aspect Management Group Limited.
Details of the company's subsidiaries at 30 June 2024 are as follows:
Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
Aspect Fire Solutions Limited
England and Wales
Fire Protection System Specialists
Ordinary
100.00
Curran Electrical Ltd
England and Wales
Security Systems Service
Ordinary
100.00
5
Debtors
2024
Amounts falling due within one year:
£
Trade debtors
4,704
6
Creditors: amounts falling due within one year
2024
£
Trade creditors
4,974
Amounts owed to group undertakings
515,159
Other taxation and social security
3,010
Other creditors
93,518
616,661