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REGISTERED NUMBER: 09457888 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

ASPF LTD

ASPF LTD (REGISTERED NUMBER: 09457888)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


ASPF LTD (REGISTERED NUMBER: 09457888)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 10,849 14,708

CURRENT ASSETS
Stocks 1,500 1,500
Debtors 5 89,216 45,941
Cash at bank and in hand 28,449 15,966
119,165 63,407
CREDITORS
Amounts falling due within one year 6 72,688 57,114
NET CURRENT ASSETS 46,477 6,293
TOTAL ASSETS LESS CURRENT LIABILITIES 57,326 21,001

CREDITORS
Amounts falling due after more than one year 7 (7,017 ) (17,365 )

PROVISIONS FOR LIABILITIES 9 (2,700 ) (3,600 )
NET ASSETS 47,609 36

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 47,607 34
SHAREHOLDERS' FUNDS 47,609 36

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 May 2025 and were signed on its behalf by:





A R Smith - Director


ASPF LTD (REGISTERED NUMBER: 09457888)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

ASPF Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09457888

Registered office: 2 Fountain Mews High Street
Handcross
Haywards Heath
West Sussex
RH17 6BH

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


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.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for sales of hair-styling products and hair-dressing services rendered, stated net of discounts and of value added tax and is recognised at point of sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33.3% straight line

Tangible fixed assets are initially measured at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 Statement of Income and Retained Earnings, 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.

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.

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.

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

ASPF LTD (REGISTERED NUMBER: 09457888)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 43,875 1,938 45,813
DEPRECIATION
At 1 October 2023 30,185 920 31,105
Charge for year 3,371 488 3,859
At 30 September 2024 33,556 1,408 34,964
NET BOOK VALUE
At 30 September 2024 10,319 530 10,849
At 30 September 2023 13,690 1,018 14,708

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 78,629 38,190
Other debtors 705 3,436
Prepayments and accrued income 9,882 4,315
89,216 45,941

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,333 10,077
Trade creditors 5,368 5,143
Amounts owed to group undertakings 6,481 -
Tax 27,233 16,992
Social security and other taxes 1,311 2,294
VAT 13,217 12,599
Other creditors 8,645 6,986
Directors' current accounts - 923
Accruals and deferred income 100 2,100
72,688 57,114

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 7,017 10,332
Bank loans - 2-5 years - 7,033
7,017 17,365

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 19,200 19,200
Between one and five years 72,000 76,800
In more than five years - 14,400
91,200 110,400

ASPF LTD (REGISTERED NUMBER: 09457888)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,700 3,600

Deferred
tax
£   
Balance at 1 October 2023 3,600
Provided during year (900 )
Accelerated capital allowances
Balance at 30 September 2024 2,700