REGISTERED NUMBER: SC357297 (Scotland)

ASPECT LAND AND HYDROGRAPHIC SURVEYS

LIMITED

AUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1ST APRIL 2024 TO 31ST DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G J Campbell

M G T Marriott

D Gough

J R Goodwin

REGISTERED OFFICE:

Thornhouse Business Centre

Ballot Road

Irvine

Ayrshire

KA12 0HW

REGISTERED NUMBER:

SC357297 (Scotland)

SENIOR STATUTORY AUDITOR:

Bryan Swan CA

AUDITORS:

Rogerson & Goldie

Accountants & Statutory Auditor

29 Portland Road

Kilmarnock

Ayrshire

KA1 2BY

BANKERS:

Royal Bank of Scotland plc

96 John Finnie Street

Kilmarnock

KA1 1NY

FIXED ASSETS

Intangible assets

4

41,508

66,412

Tangible assets

5

2,467,736

2,676,460

2,509,244

2,742,872

CURRENT ASSETS

Stocks

350,890

417,732

Debtors

6

554,668

897,975

Cash at bank and in hand

2,544,929

920,643

3,450,487

2,236,350

CREDITORS

Amounts falling due within one year

7

1,027,609

376,190

NET CURRENT ASSETS

2,422,878

1,860,160

TOTAL ASSETS LESS CURRENT LIABILITIES

4,932,122

4,603,032

PROVISIONS FOR LIABILITIES

600,069

570,344

NET ASSETS

4,332,053

4,032,688

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

4,332,052

4,032,687

SHAREHOLDERS' FUNDS

4,332,053

4,032,688

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 Board of Directors and authorised for issue on 26th September 2025 and were signed on its behalf by:

J R Goodwin - Director

1.	STATUTORY INFORMATION

Aspect Land and Hydrographic Surveys Limited is a private company, limited by shares , registered in Scotland. 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 represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, was being amortised evenly over its estimated useful life of 20 years until 31 March 2024. With effect from 1 April 2024 the amortisation period for the residual balance has been accelerated to 24 months.

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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the period 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 period 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.

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 period was 39 (2024 - 39 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2024

and 31st December 2024

253,000

AMORTISATION

At 1st April 2024

186,588

Charge for period

24,904

At 31st December 2024

211,492

NET BOOK VALUE

At 31st December 2024

41,508

At 31st March 2024

66,412

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st April 2024

100

4,921,592

4,921,692

Additions

-

324,785

324,785

Disposals

-

(354,669

)

(354,669

)

At 31st December 2024

100

4,891,708

4,891,808

DEPRECIATION

At 1st April 2024

100

2,245,132

2,245,232

Charge for period

-

359,529

359,529

Eliminated on disposal

-

(180,689

)

(180,689

)

At 31st December 2024

100

2,423,972

2,424,072

NET BOOK VALUE

At 31st December 2024

-

2,467,736

2,467,736

At 31st March 2024

-

2,676,460

2,676,460

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2024

£

£

Trade debtors

380,953

792,742

Amounts owed by group undertakings

5,356

1,309

Other debtors

168,359

103,924

554,668

897,975

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2024

£

£

Trade creditors

112,631

73,776

Taxation and social security

886,081

286,149

Other creditors

28,897

16,265

1,027,609

376,190

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Bryan Swan CA (Senior Statutory Auditor)

for and on behalf of Rogerson & Goldie

9.	OTHER FINANCIAL COMMITMENTS

The company's operating property is subject to a licence agreement which expires on 31 December 2025. The current annual rental is £56,000 (excluding VAT).

10.	RELATED PARTY DISCLOSURES

During the period dividends of £1,370,000 were paid to Aspect Surveys Limited, the parent company at that point.

11.	ULTIMATE CONTROLLING PARTY

The immediate parent undertaking at 31 December 2024 was Aspect Surveys Limited which was controlled by G J Campbell, director until 6 November 2024 when its shares in this company were acquired by Socotec UK Limited.

The ultimate parent undertaking at 31 December 2024 was Polaris Socotec SAS, a Company incorporated in France, which owned 100% of Holding Socotec SAS, which as at 31 December 2024 held 98.48% of the issued share capital of Phoenix UK 2020 Limited, a company registered in England and Wales, which has been the ultimate domestic parent of this entity from 11 August 2020. Polaris Socotec SAS was the parent undertaking of the smallest and largest group to consolidate these financial statements and this company is included in the consolidated financial statements of Polaris Socotec SAS, a copy of which will be submitted alongside these financial statements and may be obtained from The Registrar of Companies, Companies Registration Office, Companies House, Crown Way, Maindy, Cardiff, CF14 3UZ.

In the opinion of the directors the ultimate controlling party is Sophinvest SA, a company registered in Luxembourg. Sophinvest SA, owns 99.71% of Polaris Socotec SAS the ultimate parent undertaking.