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REGISTERED NUMBER: 03775995 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2025

FOR

ASPEN WAITE LIMITED

ASPEN WAITE LIMITED (REGISTERED NUMBER: 03775995)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASPEN WAITE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2025







DIRECTORS: Mr P D Waite F.C.A., F.C.C.A.
Mr P D Waite FCA, FCCA





REGISTERED OFFICE: Rubis House
15 Friarn Street
Bridgwater
Somerset
TA6 3LH





REGISTERED NUMBER: 03775995 (England and Wales)






ASPEN WAITE LIMITED (REGISTERED NUMBER: 03775995)

BALANCE SHEET
31ST JANUARY 2025

31/1/25 31/1/24
Notes £    £   
FIXED ASSETS
Intangible assets 4 23,843 27,817
Tangible assets 5 48,496 64,348
Investments 6 53,647 53,647
125,986 145,812

CURRENT ASSETS
Work in progress 82,404 96,946
Debtors 7 923,891 612,900
Cash in hand 138 -
1,006,433 709,846
CREDITORS
Amounts falling due within one year 8 (385,448 ) (231,726 )
NET CURRENT ASSETS 620,985 478,120
TOTAL ASSETS LESS CURRENT
LIABILITIES

746,971

623,932

CREDITORS
Amounts falling due after more than one
year

9

(400,096

)

(286,246

)
NET ASSETS 346,875 337,686

CAPITAL AND RESERVES
Called up share capital 400,000 400,000
Retained earnings (53,125 ) (62,314 )
SHAREHOLDERS' FUNDS 346,875 337,686

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 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.

ASPEN WAITE LIMITED (REGISTERED NUMBER: 03775995)

BALANCE SHEET - continued
31ST JANUARY 2025


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 and authorised for issue by the Board of Directors and authorised for issue on 8th August 2025 and were signed on its behalf by:





Mr P D Waite F.C.A., F.C.C.A. - Director


ASPEN WAITE LIMITED (REGISTERED NUMBER: 03775995)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2025

1. STATUTORY INFORMATION

Aspen Waite 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.

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.

TURNOVER
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten 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.
Office equipment - 20% on reducing balance

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

WORK IN PROGRESS
Work in progress is valued at the lower of cost and net realisable.

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.

ASPEN WAITE LIMITED (REGISTERED NUMBER: 03775995)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2025

2. ACCOUNTING POLICIES - continued

RESEARCH AND DEVELOPMENT
Expenditure on research and development is written off in the year in which it is incurred.


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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st February 2024
and 31st January 2025 508,587
AMORTISATION
At 1st February 2024 480,770
Charge for year 3,974
At 31st January 2025 484,744
NET BOOK VALUE
At 31st January 2025 23,843
At 31st January 2024 27,817

5. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1st February 2024
and 31st January 2025 202,126
DEPRECIATION
At 1st February 2024 137,778
Charge for year 15,852
At 31st January 2025 153,630
NET BOOK VALUE
At 31st January 2025 48,496
At 31st January 2024 64,348

ASPEN WAITE LIMITED (REGISTERED NUMBER: 03775995)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2025

6. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1st February 2024
and 31st January 2025 53,647
NET BOOK VALUE
At 31st January 2025 53,647
At 31st January 2024 53,647

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/25 31/1/24
£    £   
Trade debtors 118,016 137,136
Other debtors 705,849 371,924
Corporation tax recoverable 935 -
Prepayments and accrued income 99,091 103,840
923,891 612,900

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/25 31/1/24
£    £   
Bank overdrafts 129,361 10,323
Trade creditors (57,498 ) 54,910
Corporation tax - 6,176
Social security and other taxes (2,382 ) 55,161
Other creditors 8,693 92,853
Accruals and deferred income 307,274 12,303
385,448 231,726

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/25 31/1/24
£    £   
Loan from related company 175,664 264,657
Other creditors 174,336 -
Directors' loan accounts 50,096 21,589
400,096 286,246

10. SECURED DEBTS

The following secured debts are included within creditors:

31/1/25 31/1/24
£    £   
Bank overdrafts 26,145 10,323