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REGISTERED NUMBER: 01419908 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

S. Aspris & Son Limited

S. Aspris & Son Limited (Registered number: 01419908)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S. Aspris & Son Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: P Aspris
K Aspris





SECRETARY: P Aspris





REGISTERED OFFICE: Freedman House
Christopher Wren Yard
117 High Street
Croydon
Surrey
CR0 1QG





REGISTERED NUMBER: 01419908 (England and Wales)





ACCOUNTANTS: CWF & Partners Ltd
Chartered Accountants
Freedman House
Christopher Wren Yard
117 High Street
Croydon
Surrey
CR0 1QG

S. Aspris & Son Limited (Registered number: 01419908)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 37,473 40,338
Investment property 6 6,805,000 6,270,000
6,842,473 6,310,338

CURRENT ASSETS
Stocks 298,592 341,329
Debtors 7 249,136 245,945
Cash at bank and in hand 109,883 117,109
657,611 704,383
CREDITORS
Amounts falling due within one year 8 425,506 386,070
NET CURRENT ASSETS 232,105 318,313
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,074,578

6,628,651

CREDITORS
Amounts falling due after more than one
year

9

(233,310

)

(500,774

)

PROVISIONS FOR LIABILITIES (1,081,044 ) (1,036,222 )
NET ASSETS 5,760,224 5,091,655

CAPITAL AND RESERVES
Called up share capital 11 156,070 156,070
Fair value reserve 12 3,846,422 3,359,087
Retained earnings 12 1,757,732 1,576,498
SHAREHOLDERS' FUNDS 5,760,224 5,091,655

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

S. Aspris & Son Limited (Registered number: 01419908)

Balance Sheet - continued
30 June 2024


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 26 March 2025 and were signed on its behalf by:





P Aspris - Director


S. Aspris & Son Limited (Registered number: 01419908)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

S. Aspris & Son 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value.

Turnover
Turnover comprises the total invoiced value of goods supplied by the company net of value added tax and trade discounts.

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 - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.3% on cost

Investment property
Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure. Investment properties are measured at fair value. The surplus or deficit arising on the revaluation of investment properties at their fair values are recognised in the income statement.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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 year end and that are expected to apply to the reversal of the timing difference.

S. Aspris & Son Limited (Registered number: 01419908)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. ACCOUNTING POLICIES - continued

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.

Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 250,195 65,845 10,265 326,305
Additions - - 583 583
At 30 June 2024 250,195 65,845 10,848 326,888
DEPRECIATION
At 1 July 2023 213,745 62,262 9,960 285,967
Charge for year 3,645 1,344 251 5,240
Charge written back - (1,792 ) - (1,792 )
At 30 June 2024 217,390 61,814 10,211 289,415
NET BOOK VALUE
At 30 June 2024 32,805 4,031 637 37,473
At 30 June 2023 36,450 3,583 305 40,338

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 6,270,000
Additions 1,722
Revaluations 533,278
At 30 June 2024 6,805,000
NET BOOK VALUE
At 30 June 2024 6,805,000
At 30 June 2023 6,270,000

The investment properties have been valued at the balance sheet date by the directors on an open market existing use basis.

The historical cost of the investment properties amount to £1,886,701 (2023 - £1,884,979).

S. Aspris & Son Limited (Registered number: 01419908)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 237,785 232,652
Other debtors 11,351 13,293
249,136 245,945

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 36,729 34,410
Trade creditors 179,989 184,487
Taxation and social security 96,584 82,090
Other creditors 112,204 85,083
425,506 386,070

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 233,310 500,774

10. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 270,039 535,184

The bank loans are secured over the assets of the company.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
156,070 Ordinary shares £1 156,070 156,070

S. Aspris & Son Limited (Registered number: 01419908)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

12. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 July 2023 1,576,498 3,359,087 4,935,585
Profit for the year 669,570 - 669,570
Dividends (1,000 ) - (1,000 )
Deferred tax provision 45,942 (45,943 ) (1 )
Revaluation of property (533,278 ) 533,278 -
At 30 June 2024 1,757,732 3,846,422 5,604,154

13. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.