REGISTERED NUMBER: 03911318 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ASPECT CARPET INSTALLATIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P Jackson

REGISTERED OFFICE:

Church View Chambers

38 Market Square

Toddington

Bedfordshire

LU5 6BS

REGISTERED NUMBER:

03911318 (England and Wales)

ACCOUNTANTS:

Landers Accountants Ltd

Church View Chambers

38 Market Square

Toddington

Bedfordshire

LU5 6BS

FIXED ASSETS

Property, plant and equipment

4

22,801

30,487

CURRENT ASSETS

Inventories

2,500

2,500

Debtors

5

13,410

29,071

Cash at bank

474,632

395,139

490,542

426,710

CREDITORS

Amounts falling due within one year

6

165,992

107,253

NET CURRENT ASSETS

324,550

319,457

TOTAL ASSETS LESS CURRENT LIABILITIES

347,351

349,944

PROVISIONS FOR LIABILITIES

4,332

5,793

NET ASSETS

343,019

344,151

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

342,919

344,051

SHAREHOLDERS' FUNDS

343,019

344,151

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Statement of Income and Retained Earnings has not been delivered.

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

P Jackson - Director

1.	STATUTORY INFORMATION

Aspect Carpet Installations 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.

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue

Revenue (also described as sales or turnover) is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.

Revenue Recognition

Revenue is recognised on the sale of goods when the goods are delivered and title has passed, and is recognised on the provision of services on a percentage degree of completion basis calculated by reference to the time expended compared to the total anticipated time.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost and 25% on reducing balance

All fixed assets are initially recorded at cost.

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 1 (2023 - 1 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

2,670

74,962

3,470

81,102

Disposals

-

-

(2,469

)

(2,469

)

At 31 December 2024

2,670

74,962

1,001

78,633

DEPRECIATION

At 1 January 2024

2,380

45,509

2,726

50,615

Charge for year

72

7,363

251

7,686

Eliminated on disposal

-

-

(2,469

)

(2,469

)

At 31 December 2024

2,452

52,872

508

55,832

NET BOOK VALUE

At 31 December 2024

218

22,090

493

22,801

At 31 December 2023

290

29,453

744

30,487

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

13,410

6,696

Other debtors

-

22,375

13,410

29,071

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

26,405

31,459

Amounts owed to group undertakings

73,057

63,440

Taxation and social security

19,024

6,205

Other creditors

47,506

6,149

165,992

107,253

7.	PARENT COMPANY

The parent company is Aspect Carpet Holdings Limited, and its registered office is Church View Chambers, 38 Market Square, Toddington, Bedfordshire, LU5 6BS.

8.	GOING CONCERN

The director has considered the going concern status of the company, along with profit forecasts and cash flow projections for the next twelve months. It is likely that the director will decide to cease trading in March 2026 and as such, these accounts have been prepared on a basis other than going concern.