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COMPANY REGISTRATION NUMBER: 07209878
ACCOUNTING ASPECTS LIMITED
Unaudited Financial Statements
31 March 2025
ACCOUNTING ASPECTS LIMITED
Financial Statements
Year ended 31 March 2025
Contents
Pages
Director's report
1
Statement of income and retained earnings
2
Statement of financial position
3
Notes to the financial statements
4 to 6
ACCOUNTING ASPECTS LIMITED
Director's Report
Year ended 31 March 2025
The director presents his report and the unaudited financial statements of the company for the year ended 31 March 2025 .
Director
The director who served the company during the year was as follows:
B K Gulamali
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 23 April 2025 and signed on behalf of the board by:
B K Gulamali
Director
Registered office:
10 Flecker Close
Stanmore
Harrow
Middlesex
HA7 3LX
ACCOUNTING ASPECTS LIMITED
Statement of Income and Retained Earnings
Year ended 31 March 2025
2025
2024
Note
£
£
Turnover
18,991
18,314
--------
--------
Gross profit
18,991
18,314
Administrative expenses
6,104
6,551
--------
--------
Operating profit
12,887
11,763
--------
--------
Profit before taxation
4
12,887
11,763
Tax on profit
2,450
2,237
--------
--------
Profit for the financial year and total comprehensive income
10,437
9,526
--------
--------
Dividends paid and payable
( 10,500)
( 9,500)
Retained earnings at the start of the year
91
65
--------
-------
Retained earnings at the end of the year
28
91
--------
-------
All the activities of the company are from continuing operations.
ACCOUNTING ASPECTS LIMITED
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
£
£
Fixed assets
Tangible assets
5
44
53
Current assets
Debtors
6
1,293
5,478
Cash at bank and in hand
1,241
575
-------
-------
2,534
6,053
Creditors: amounts falling due within one year
7
2,450
5,915
-------
-------
Net current assets
84
138
----
----
Total assets less current liabilities
128
191
----
----
Capital and reserves
Called up share capital
100
100
Profit and loss account
28
91
----
----
Shareholders funds
128
191
----
----
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 23 April 2025 , and are signed on behalf of the board by:
B K Gulamali
Director
Company registration number: 07209878
ACCOUNTING ASPECTS LIMITED
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Flecker Close, Stanmore, Harrow, Middlesex, HA7 3LX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment
-
15% reducing balance
4. Profit before taxation
Profit before taxation is stated after charging:
2025
2024
£
£
Depreciation of tangible assets
9
9
----
----
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 April 2024 and 31 March 2025
629
629
----
----
Depreciation
At 1 April 2024
576
576
Charge for the year
9
9
----
----
At 31 March 2025
585
585
----
----
Carrying amount
At 31 March 2025
44
44
----
----
At 31 March 2024
53
53
----
----
6. Debtors
2025
2024
£
£
Other debtors
1,293
5,478
-------
-------
7. Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
2,450
2,237
Director loan accounts
3,678
-------
-------
2,450
5,915
-------
-------
8. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2025
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
B K Gulamali
( 3,678)
3,678
-------
-------
----
----
2024
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
B K Gulamali
( 1,556)
( 2,122)
( 3,678)
-------
----
-------
-------