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REGISTERED NUMBER: 08923008 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

ASPECT Skills Ltd

ASPECT Skills Ltd (Registered number: 08923008)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ASPECT Skills Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTOR: Mr F J Gooch





REGISTERED OFFICE: Kasita
Church Road
Elmswell
Suffolk
IP30 9DY





REGISTERED NUMBER: 08923008 (England and Wales)





ACCOUNTANTS: Black Barn Accountants Ltd
The Technology Centre
Station Road
Framlingham
Woodbridge
Suffolk
IP13 9EZ

ASPECT Skills Ltd (Registered number: 08923008)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,073 2,765

CURRENT ASSETS
Debtors 5 18,478 10,196
Cash at bank 198,272 195,046
216,750 205,242
CREDITORS
Amounts falling due within one year 6 19,060 23,146
NET CURRENT ASSETS 197,690 182,096
TOTAL ASSETS LESS CURRENT
LIABILITIES

199,763

184,861

PROVISIONS FOR LIABILITIES 7 474 637
NET ASSETS 199,289 184,224

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 199,287 184,222
SHAREHOLDERS' FUNDS 199,289 184,224

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 May 2025 and were signed by:




Mr F J Gooch - Director


ASPECT Skills Ltd (Registered number: 08923008)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

ASPECT Skills Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

ASPECT Skills Ltd (Registered number: 08923008)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 April 2024
and 31 March 2025 10,574
DEPRECIATION
At 1 April 2024 7,809
Charge for year 692
At 31 March 2025 8,501
NET BOOK VALUE
At 31 March 2025 2,073
At 31 March 2024 2,765

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 8,730 10,196
Other debtors 9,748 -
18,478 10,196

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Taxation & social security 18,155 17,269
Other creditors 905 5,877
19,060 23,146

7. PROVISIONS FOR LIABILITIES
31.3.25 31.3.24
£    £   
Deferred tax 474 637

Deferred
tax
£   
Balance at 1 April 2024 637
Movement in year (163 )
Balance at 31 March 2025 474