Aspect Edinburgh Ltd 31/03/2025 iXBRL

Company registration number: SC418235

Aspect Edinburgh Ltd

Unaudited filleted financial statements

31 March 2025

Aspect Edinburgh Ltd

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Aspect Edinburgh Ltd

Directors and other information


	Directors	Jacqueline Tashdjian
		Garo Tashdjian


	Company number	SC418235


	Registered office	39 Christiemiller Avenue
		Edinburgh
		EH7 6TB


	Business address	39 Christiemiller Avenue
		Edinburgh
		EH7 6TB


	Accountants	Barrie Scott & Co.
		30 Mid Street
		Bathgate
		EH48 1PT

Aspect Edinburgh Ltd

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Aspect Edinburgh Ltd

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Aspect Edinburgh Ltd for the year ended 31 March 2025 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation -of-accounts-revised-june-2020.

This report is made solely to the board of directors of Aspect Edinburgh Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Aspect Edinburgh Ltd and state those matters that we have agreed to state to the board of directors of Aspect Edinburgh Ltd as a body, in this report in accordance with the requirements of ICAS as detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-prepar ation-of-accounts-revised-june-2020. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aspect Edinburgh Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that Aspect Edinburgh Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Aspect Edinburgh Ltd. You consider that Aspect Edinburgh Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Aspect Edinburgh Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Barrie Scott & Co.

Accountants & Tax Advisers

30 Mid Street

Bathgate

EH48 1PT

Aspect Edinburgh Ltd

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	144,927		165,233
		_______		_______
			144,927		165,233

Current assets
Debtors	6	482,316		542,272
Cash at bank and in hand		97,756		56,755
		_______		_______
		580,072		599,027
Creditors: amounts falling due
within one year	7	( 200,627)		( 213,414)
		_______		_______
Net current assets			379,445		385,613
			_______		_______
Total assets less current liabilities			524,372		550,846

Creditors: amounts falling due
after more than one year	8		( 68,215)		( 99,233)

Provisions for liabilities			( 26,610)		( 35,901)

			_______		_______
Net assets			429,547		415,712
			_______		_______

Capital and reserves
Called up share capital			103		103
Profit and loss account			429,444		415,609
			_______		_______
Shareholders funds			429,547		415,712
			_______		_______

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 22 December 2025 , and are signed on behalf of the board by:

Garo Tashdjian

Director

Company registration number: SC418235

Aspect Edinburgh Ltd

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is Aspect Edinburgh Ltd, 39 Christiemiller Avenue, Edinburgh, EH7 6TB.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. 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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	15 %	reducing balance
Motor vehicles	-	25 %	reducing balance
Computer equipment	-	33.33 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a smiliar debt instrument.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 10 (2024: 10 ).

5. Tangible assets

	Plant and machinery	Motor vehicles	Computer equipment	Total
	£	£	£	£
Cost
At 1 April 2024	1,306	244,268	8,250	253,824
Additions	-	115,735	-	115,735
Disposals	-	( 125,598)	-	( 125,598)
	_______	_______	_______	_______
At 31 March 2025	1,306	234,405	8,250	243,961
	_______	_______	_______	_______
Depreciation
At 1 April 2024	556	80,375	7,660	88,591
Charge for the year	55	47,979	295	48,329
Disposals	-	( 37,886)	-	( 37,886)
	_______	_______	_______	_______
At 31 March 2025	611	90,468	7,955	99,034
	_______	_______	_______	_______
Carrying amount
At 31 March 2025	695	143,937	295	144,927
	_______	_______	_______	_______
At 31 March 2024	750	163,893	590	165,233
	_______	_______	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	137,058	155,025
Other debtors	345,258	387,247
	_______	_______
	482,316	542,272
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,000	10,000
Trade creditors	41,421	53,714
Corporation tax	34,446	56,680
Social security and other taxes	67,716	62,725
Other creditors	47,044	30,295
	_______	_______
	200,627	213,414
	_______	_______

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	2,753	12,500
Other creditors	65,462	86,733
	_______	_______
	68,215	99,233
	_______	_______

9. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Jacqueline Tashdjian	141,049	-	( 21,346)	119,703
	Garo Tashdjian	141,046	-	( 21,343)	119,703
		_______	_______	_______	_______
		282,095	-	( 42,689)	239,406
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Jacqueline Tashdjian	128,460	12,589	-	141,049
	Garo Tashdjian	128,459	12,587	-	141,046
		_______	_______	_______	_______
		256,919	25,176	-	282,095
		_______	_______	_______	_______

Overdrawn directors loan accounts are charged at an interest rate of 2.5% (2024: 2.5%) per annum. There are no agreed fixed terms of repayment.

10. Controlling party

At 31 March 2025, the directors, Mrs J Tashdjian and her husband Mr G Tashdjian, jointly control the company through each owning 50% of the issued share capital.