Aspect Landscape Planning Limited |
Notes to the Accounts |
for the year ended 31 December 2024 |
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1 |
Accounting policies |
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Basis of preparation |
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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). |
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Going concern |
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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. |
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Turnover |
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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. |
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Tangible fixed assets |
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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: |
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Leasehold improvements |
Over the length of the lease |
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Plant and machinery etc. |
3 and 5 years straight line |
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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. |
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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. |
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Debtors |
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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. |
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Creditors |
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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. |
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Taxation |
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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. |
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Leases |
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Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
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Pensions |
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Contributions to defined contribution plans are expensed in the period to which they relate. |
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2 |
Employees |
2024 |
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2023 |
Number |
Number |
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Average number of persons employed by the company |
16 |
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20 |
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3 |
Tangible fixed assets |
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Leasehold improve-ments |
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Plant and machinery etc |
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Total |
£ |
£ |
£ |
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Cost |
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At 1 January 2024 |
11,419 |
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127,990 |
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139,409 |
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Additions |
- |
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536 |
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536 |
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At 31 December 2024 |
11,419 |
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128,526 |
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139,945 |
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Depreciation |
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At 1 January 2024 |
4,074 |
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114,159 |
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118,233 |
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Charge for the year |
1,399 |
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9,578 |
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10,977 |
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At 31 December 2024 |
5,473 |
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123,737 |
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129,210 |
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Net book value |
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At 31 December 2024 |
5,946 |
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4,789 |
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10,735 |
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At 31 December 2023 |
7,345 |
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13,831 |
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21,176 |
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4 |
Debtors |
2024 |
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2023 |
£ |
£ |
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Trade debtors |
273,142 |
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279,267 |
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Other debtors |
78,955 |
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220,855 |
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352,097 |
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500,122 |
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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). |
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5 |
Creditors: amounts falling due within one year |
2024 |
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2023 |
£ |
£ |
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Trade creditors |
20,121 |
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21,131 |
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Amount owed to connected company |
1,165 |
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- |
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Taxation and social security costs |
150,653 |
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185,094 |
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Other creditors |
76,949 |
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22,115 |
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248,888 |
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228,340 |
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Included in other creditors are accruals and deferred income totalling £16,220 (2023: £12,301). |
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6 |
Secured creditors |
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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). |
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7 |
Share capital |
2024 |
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2023 |
£ |
£ |
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Allotted, called up share capital which is fully paid up |
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350,000 Ordinary A shares of £0.0001 each |
35 |
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35 |
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150,000 Ordinary B shares of £0.0001 each |
15 |
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15 |
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98,040 Ordinary C shares of £0.0001 each |
10 |
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12 |
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60 |
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62 |
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8 |
Other financial commitments |
2024 |
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2023 |
£ |
£ |
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Total future minimum payments under non-cancellable operating leases |
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116,699 |
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85,415 |
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9 |
Loans to directors |
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Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
£ |
£ |
£ |
£ |
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V Wright |
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Loan 1 |
107,154 |
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1,047 |
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(108,201) |
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- |
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Loan 2 |
- |
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270,602 |
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(270,602) |
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- |
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107,154 |
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271,649 |
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(378,803) |
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- |
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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. |
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10 |
Controlling party |
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The company is controlled by B Wright and V Wright who jointly own 84% of the issued share capital of the company. |
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11 |
Other information |
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Aspect Landscape Planning Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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Hardwick Business Park |
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South Court |
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Noral Way |
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Banbury |
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OX16 2AF |