Aspect Press Limited


Director	Mr R Easton


Registered Address	10 Western Road
	Romford
	RM1 3JT


Registered Number	03104769 (England and Wales)

Balance Sheet as at
30 September 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		324,643		350,115
			324,643		350,115
Current assets
Stocks	4	2,000		1,500
Debtors	5	206,323		281,062
Cash at bank and on hand		118,114		541,901
		326,437		824,463
Creditors amounts falling due within one year	6	(237,004)		(652,272)
Net current assets (liabilities)			89,433		172,191
Total assets less current liabilities			414,076		522,306
Net assets			414,076		522,306
Capital and reserves
Called up share capital			52		51
Other reserves			49		49
Profit and loss account			413,975		522,206
Shareholders' funds			414,076		522,306

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 22 September 2025, and are signed on its behalf by:

Mr R Easton
Director
Registered Company No. 03104769

Aspect Press Limited

Notes to the Financial Statements
for the year ended 30 September 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Operating leases
	Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	5
Plant and machinery	25	-
Fixtures and fittings	15	-
Vehicles	25	-

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	7		7

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Total
	£	£	£	£	£
Cost or valuation
At 01 October 23	79,920	960,968	52,151	215,017	1,308,056
Additions	-	25,744	-	31,371	57,115
Disposals	(520)	(15,317)	-	(701)	(16,538)
At 30 September 24	79,400	971,395	52,151	245,687	1,348,633
Depreciation and impairment
At 01 October 23	16,693	853,002	46,170	42,076	957,941
Charge for year	15,880	33,356	1,495	30,557	81,288
On disposals	(104)	(15,031)	-	(104)	(15,239)
At 30 September 24	32,469	871,327	47,665	72,529	1,023,990
Net book value
At 30 September 24	46,931	100,068	4,486	173,158	324,643
At 30 September 23	63,227	107,966	5,981	172,941	350,115

4.	Stocks

	2024	2023
	£	£
Finished goods	2,000	1,500
Total	2,000	1,500

5.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	71,039	46,174
Other debtors	124,773	226,730
Prepayments and accrued income	10,511	8,158
Total	206,323	281,062

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	90,134	322,095
Taxation and social security	78,344	293,126
Other creditors	57,922	30,400
Accrued liabilities and deferred income	10,604	6,651
Total	237,004	652,272


	The company's Barclays Bank PLC bank facility is secured by a standard bank debenture dated 4 May 2001. Included in other creditors is £52,041 (2023 - £27,032) owed to Barclays Bank PLC. This facility is secured by a fixed and floating charge over the company's assets dated 31 May 2011. Barclays Security Trustee Limited hold a fixed and floating charge over the company's assets dated 17 May 2021.

The company's Barclays Bank PLC bank facility is secured by a standard bank debenture  dated 4 May 2001.

Included in other creditors is £52,041 (2023 - £27,032) owed to Barclays Bank PLC. This facility is secured by a fixed and floating charge over the company's assets dated 31 May 2011.

Barclays Security Trustee Limited hold a fixed and floating charge over the company's assets dated 17 May 2021.

7.	Operating lease commitments
	At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows: £314,400 (2023 - £393,000).

8.	Directors advances, credits and guarantees
	At the year end the company owed the director £882 (2023 - £408) by way of his current account.

9.	Related party transactions
	Included within other debtors is £124,773 (2023 - £166,361) for an interest free loan to a company of which the director of this company is also a director.