Registered number
08272744
Aspect Arboriculture Limited
Unaudited Filleted Accounts
31 December 2024
Aspect Arboriculture Limited
Registered number: 08272744
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 21,710 38,776
Current assets
Debtors 4 202,378 152,426
Cash at bank and in hand 265,190 349,139
467,568 501,565
Creditors: amounts falling due within one year 5 (139,925) (89,786)
Net current assets 327,643 411,779
Total assets less current liabilities 349,353 450,555
Provisions for liabilities (3,841) (8,168)
Net assets 345,512 442,387
Capital and reserves
Called up share capital 50 50
Profit and loss account 345,462 442,337
Shareholder's funds 345,512 442,387
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 member has 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.
R Curtis
Director
Approved by the board on 27 March 2025
Aspect Arboriculture 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 measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, 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 lease term
Plant and machinery over 2 or 3 years
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.
Provisions
Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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 9 9
3 Tangible fixed assets
Leasehold improve-ments Plant and machinery etc Total
£ £ £
Cost
At 1 January 2024 11,403 53,908 65,311
Additions - 3,249 3,249
At 31 December 2024 11,403 57,157 68,560
Depreciation
At 1 January 2024 3,631 22,905 26,536
Charge for the year 1,426 18,888 20,314
At 31 December 2024 5,057 41,793 46,850
Net book value
At 31 December 2024 6,346 15,364 21,710
At 31 December 2023 7,772 31,003 38,776
4 Debtors 2024 2023
£ £
Trade debtors 160,585 129,636
Other debtors 41,793 22,790
202,378 152,426
Included within other debtors are prepayments of £10,249 (2023: £2,043) and work in progress totalling £29,480 (2023: £20,748).
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 17,802 4,042
Taxation and social security costs 107,302 69,971
Other creditors 14,821 15,773
139,925 89,786
6 Share capital 2024 2023
£ £
Allotted, called up share capital which has been paid up
45 Ordinary A shares of £0.50 each 23 23
45 Ordinary B shares of £0.50 each 22 22
10 Ordinary C shares of £0.50 each 5 5
50 50
7 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 58,689 54,344
8 Controlling party
At the balance sheet date, the company was controlled by Aspect Arboriculture Holdings Ltd, which owns 100% of the shares. Richard Curtis is the Ultimate Beneficial Owner, as holder of 100% shares in the holding company.
9 Other information
Aspect Arboriculture Limited is a private company limited by shares and incorporated in England. Its registered office is:
Gilmarde House
47 South Bar Street
Banbury
Oxfordshire
OX16 9AB
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