Registered number
05261833
Aspect Landscape Planning Limited
Unaudited Filleted Accounts
31 December 2024
Aspect Landscape Planning Limited
Registered number: 05261833
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 10,735 21,176
Current assets
Debtors 4 352,097 500,122
Cash at bank and in hand 433,909 417,989
786,006 918,111
Creditors: amounts falling due within one year 5 (248,888) (228,340)
Net current assets 537,118 689,771
Total assets less current liabilities 547,853 710,947
Provisions for liabilities (1,197) (3,458)
Net assets 546,656 707,489
Capital and reserves
Called up share capital 7 60 62
Capital redemption reserve 50 50
Profit and loss account 546,546 707,377
Shareholders' funds 546,656 707,489
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
V Wright
Director
Approved by the board on 17 March 2025
Aspect Landscape Planning Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
The directors believe that the company is maintaining its sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of value-added tax, discounts, and any irrecoverable amounts. Revenue from professional services is recognised based on billable hours and invoiced amounts, reflecting the stage of completion of services provided. Any unbilled work in progress is assessed at net realisable value and recognised within other debtors. Turnover excludes voids or any time deemed unrecoverable. Where payments are received in advance of services rendered, they are recorded as deferred income within creditors due within one year.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold improvements Over the length of the lease
Plant and machinery etc. 3 and 5 years straight line
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 the profit and loss account.
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leases
Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 16 20
3 Tangible fixed assets
Leasehold improve-ments Plant and machinery etc Total
£ £ £
Cost
At 1 January 2024 11,419 127,990 139,409
Additions - 536 536
At 31 December 2024 11,419 128,526 139,945
Depreciation
At 1 January 2024 4,074 114,159 118,233
Charge for the year 1,399 9,578 10,977
At 31 December 2024 5,473 123,737 129,210
Net book value
At 31 December 2024 5,946 4,789 10,735
At 31 December 2023 7,345 13,831 21,176
4 Debtors 2024 2023
£ £
Trade debtors 273,142 279,267
Other debtors 78,955 220,855
352,097 500,122
Included in other debtors are prepayments and accrued income totalling £20,335 (2023: £19,706) and work in progress totalling £58,041 (2023: £89,498).
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 20,121 21,131
Amount owed to connected company 1,165 -
Taxation and social security costs 150,653 185,094
Other creditors 76,949 22,115
248,888 228,340
Included in other creditors are accruals and deferred income totalling £16,220 (2023: £12,301).
6 Secured creditors
Included in other creditors are financing arrangements, which were secured upon the related assets. These arrangements came to an end during the year, and the outstanding balance as at the balance sheet date was £Nil (2023: £2,221).
7 Share capital 2024 2023
£ £
Allotted, called up share capital which is fully paid up
350,000 Ordinary A shares of £0.0001 each 35 35
150,000 Ordinary B shares of £0.0001 each 15 15
98,040 Ordinary C shares of £0.0001 each 10 12
60 62
8 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 116,699 85,415
9 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
V Wright
Loan 1 107,154 1,047 (108,201) -
Loan 2 - 270,602 (270,602) -
107,154 271,649 (378,803) -
During the year, loans were made to the directors, which were repaid in full by the balance sheet date. An amount of £54,002 owed to the directors is included within other creditors due within one year. The loans were unsecured, repayable on demand, and interest was charged at the HMRC authorised rate for beneficial loans.
10 Controlling party
The company is controlled by B Wright and V Wright who jointly own 84% of the issued share capital of the company.
11 Other information
Aspect Landscape Planning Limited is a private company limited by shares and incorporated in England. Its registered office is:
Hardwick Business Park
South Court
Noral Way
Banbury
OX16 2AF
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