IRIS Accounts Production v25.1.0.734 09495734 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false false true false Ordinary 1.00000 A Ordinary 1.00000 192 740 24582 30476 23312 29928 1078 192 478 695 23746 32898 23312 31725 912 478 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh094957342023-08-31094957342024-08-31094957342023-09-012024-08-31094957342022-08-31094957342022-09-012023-08-31094957342023-08-3109495734ns15:EnglandWales2023-09-012024-08-3109495734ns14:PoundSterling2023-09-012024-08-3109495734ns10:Director12023-09-012024-08-3109495734ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3109495734ns10:SmallEntities2023-09-012024-08-3109495734ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3109495734ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3109495734ns10:FullAccounts2023-09-012024-08-310949573412023-09-012024-08-3109495734ns10:OrdinaryShareClass12023-09-012024-08-3109495734ns10:OrdinaryShareClass22023-09-012024-08-3109495734ns10:Director3432023-08-3109495734ns10:Director3432022-08-3109495734ns10:Director3432023-09-012024-08-3109495734ns10:Director3432022-09-012023-08-3109495734ns10:Director3432024-08-3109495734ns10:Director3432023-08-310949573444ns10:Director42023-08-310949573444ns10:Director42022-08-310949573444ns10:Director42023-09-012024-08-310949573444ns10:Director42022-09-012023-08-310949573444ns10:Director42024-08-310949573444ns10:Director42023-08-3109495734ns10:Director22023-09-012024-08-3109495734ns10:Director32023-09-012024-08-3109495734ns10:Director42023-09-012024-08-3109495734ns10:RegisteredOffice2023-09-012024-08-3109495734ns5:CurrentFinancialInstruments2024-08-3109495734ns5:CurrentFinancialInstruments2023-08-3109495734ns5:ShareCapital2024-08-3109495734ns5:ShareCapital2023-08-3109495734ns5:RetainedEarningsAccumulatedLosses2024-08-3109495734ns5:RetainedEarningsAccumulatedLosses2023-08-3109495734ns5:NetGoodwill2023-09-012024-08-3109495734ns5:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-3109495734ns5:PlantMachinery2023-09-012024-08-3109495734ns5:MotorVehicles2023-09-012024-08-3109495734ns5:ComputerEquipment2023-09-012024-08-3109495734ns5:NetGoodwill2023-08-3109495734ns5:NetGoodwill2024-08-3109495734ns5:NetGoodwill2023-08-3109495734ns5:PlantMachinery2023-08-3109495734ns5:MotorVehicles2023-08-3109495734ns5:ComputerEquipment2023-08-3109495734ns5:PlantMachinery2024-08-3109495734ns5:MotorVehicles2024-08-3109495734ns5:ComputerEquipment2024-08-3109495734ns5:PlantMachinery2023-08-3109495734ns5:MotorVehicles2023-08-3109495734ns5:ComputerEquipment2023-08-3109495734ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-08-3109495734ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3109495734ns10:OrdinaryShareClass12024-08-3109495734ns10:OrdinaryShareClass22024-08-3109495734ns10:Director222023-08-3109495734ns10:Director222022-08-3109495734ns10:Director222023-09-012024-08-3109495734ns10:Director222022-09-012023-08-3109495734ns10:Director222024-08-3109495734ns10:Director222023-08-31094957341ns10:Director12023-08-31094957341ns10:Director12022-08-31094957341ns10:Director12023-09-012024-08-31094957341ns10:Director12022-09-012023-08-31094957341ns10:Director12024-08-31094957341ns10:Director12023-08-31
REGISTERED NUMBER: 09495734 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Aspect Home Improvements South Limited

Aspect Home Improvements South Limited (Registered number: 09495734)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aspect Home Improvements South Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: M. Clark
S. Clark
Mrs Y. P. Clark
Mrs L.E. Clark





REGISTERED OFFICE: 27 Weavills Road
Eastleigh
Hampshire
SO50 8HQ





REGISTERED NUMBER: 09495734 (England and Wales)





ACCOUNTANTS: RWB Tax Consultants Limited
G8 Lynch Lane Offices
79 Lynch Lane
Weymouth
Dorset
DT4 9DN

Aspect Home Improvements South Limited (Registered number: 09495734)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 9,000 9,750
Tangible assets 5 2,669 3,933
11,669 13,683

CURRENT ASSETS
Stocks 18,171 12,742
Debtors 6 1,990 1,529
Cash at bank 76,441 72,323
96,602 86,594
CREDITORS
Amounts falling due within one year 7 29,009 25,308
NET CURRENT ASSETS 67,593 61,286
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,262

74,969

PROVISIONS FOR LIABILITIES 558 617
NET ASSETS 78,704 74,352

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 78,504 74,152
SHAREHOLDERS' FUNDS 78,704 74,352

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Aspect Home Improvements South Limited (Registered number: 09495734)

Balance Sheet - continued
31 August 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 28 February 2025 and were signed on its behalf by:





S. Clark - Director


Aspect Home Improvements South Limited (Registered number: 09495734)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Aspect Home Improvements South 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Aspect Home Improvements South Limited (Registered number: 09495734)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 15,000
AMORTISATION
At 1 September 2023 5,250
Amortisation for year 750
At 31 August 2024 6,000
NET BOOK VALUE
At 31 August 2024 9,000
At 31 August 2023 9,750

Aspect Home Improvements South Limited (Registered number: 09495734)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023
and 31 August 2024 930 15,365 1,395 17,690
DEPRECIATION
At 1 September 2023 233 12,504 1,020 13,757
Charge for year 174 715 375 1,264
At 31 August 2024 407 13,219 1,395 15,021
NET BOOK VALUE
At 31 August 2024 523 2,146 - 2,669
At 31 August 2023 697 2,861 375 3,933

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors - 505
Other debtors - 546
Directors' current accounts 1,990 478
1,990 1,529

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 10,602 5,773
Tax 14,067 13,478
Social security and other taxes 117 377
VAT 3,348 4,558
Directors' current accounts - 192
Accrued expenses 875 930
29,009 25,308

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary £1 100 100
100 A Ordinary £1 100 100
200 200

Aspect Home Improvements South Limited (Registered number: 09495734)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
M. Clark and Mrs Y. P. Clark
Balance outstanding at start of year (192 ) (740 )
Amounts advanced 24,582 30,476
Amounts repaid (23,312 ) (29,928 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,078 (192 )

S. Clark and Mrs L.E. Clark
Balance outstanding at start of year 478 (695 )
Amounts advanced 23,746 32,898
Amounts repaid (23,312 ) (31,725 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 912 478

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M & Mrs Y Clark & Mr S & Mrs L Clark.