Acorah Software Products - Accounts Production 16.3.350 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 11791233 Mr Marc Mills iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11791233 2024-01-31 11791233 2025-01-31 11791233 2024-02-01 2025-01-31 11791233 frs-core:CurrentFinancialInstruments 2025-01-31 11791233 frs-core:ShareCapital 2025-01-31 11791233 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 11791233 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 11791233 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 11791233 frs-bus:SmallEntities 2024-02-01 2025-01-31 11791233 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 11791233 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 11791233 frs-bus:Director1 2024-02-01 2025-01-31 11791233 frs-core:CurrentFinancialInstruments 1 2025-01-31 11791233 frs-countries:EnglandWales 2024-02-01 2025-01-31 11791233 2023-01-31 11791233 2024-01-31 11791233 2023-02-01 2024-01-31 11791233 frs-core:CurrentFinancialInstruments 2024-01-31 11791233 frs-core:ShareCapital 2024-01-31 11791233 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 11791233 frs-core:CurrentFinancialInstruments 1 2024-01-31
Registered number: 11791233
Aspect Ventilation Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11791233
2025 2024
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 49,467 188,775
Debtors 5 59,558 99,871
Cash at bank and in hand 152,359 35,075
261,384 323,721
Creditors: Amounts Falling Due Within One Year 6 (339,110 ) (424,767 )
NET CURRENT ASSETS (LIABILITIES) (77,726 ) (101,046 )
TOTAL ASSETS LESS CURRENT LIABILITIES (77,726 ) (101,046 )
NET LIABILITIES (77,726 ) (101,046 )
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account (77,728 ) (101,048 )
SHAREHOLDERS' FUNDS (77,726) (101,046)
Page 1
Page 2
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Marc Mills
Director
22/05/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Aspect Ventilation Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11791233 . The registered office is The Old Barn, Wood Street, Swanley Village, Kent, BR8 7PA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
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.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2024: 15)
14 15
Page 3
Page 4
4. Stocks
2025 2024
£ £
Work in progress 49,467 188,775
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 51,560 61,009
Other debtors 5,787 6,201
VAT 2,211 32,661
59,558 99,871
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 9,568 87,612
Corporation tax 7,132 -
Other taxes and social security 8,218 16,491
Other creditors 2,015 9,630
Inter-company 309,593 310,000
Accruals and deferred income 1,550 -
Director's loan account 1,034 1,034
339,110 424,767
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
8. Related Party Transactions
Included in the Other Creditors is an amount owed to the company director Mr M Mills totalling £1,034 (2024 - £1,034), no interest is to be charged.
Included in the Other Creditors is an amount of £309,593 (2024 - £310,000) owed to Aspect Enterprises Ltd, a company under the control of the director Mr M Mills. No repayment terms have been set and no interest is to be charged. 
Page 4