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. |
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|
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. |
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|
9 |
Other information |
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|
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 |