REGISTERED NUMBER: 03775995 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2026

FOR

ASPEN WAITE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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)

ACCOUNTANTS:

Aspen Waite Limited

Chartered Accountants

Rubis House

15 Friarn Street

Bridgwater

Somerset

TA6 3LH

FIXED ASSETS

Intangible assets

4

19,869

23,843

Tangible assets

5

32,344

48,496

Investments

6

698,489

668,489

750,702

740,828

CURRENT ASSETS

Work in progress

76,524

82,404

Debtors

7

240,983

309,049

Cash in hand

180

138

317,687

391,591

CREDITORS

Amounts falling due within one year

8

(336,095

)

(385,448

)

NET CURRENT (LIABILITIES)/ASSETS

(18,408

)

6,143

TOTAL ASSETS LESS CURRENT LIABILITIES

732,294

746,971

CREDITORS

Amounts falling due after more than one year

9

(312,072

)

(400,096

)

NET ASSETS

420,222

346,875

CAPITAL AND RESERVES

Called up share capital

400,000

400,000

Retained earnings

20,222

(53,125

)

SHAREHOLDERS' FUNDS

420,222

346,875

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2026 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.

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 19th May 2026 and were signed on its behalf by:

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

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.

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 10 (2025 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st February 2025

and 31st January 2026

508,587

AMORTISATION

At 1st February 2025

484,744

Charge for year

3,974

At 31st January 2026

488,718

NET BOOK VALUE

At 31st January 2026

19,869

At 31st January 2025

23,843

5.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1st February 2025

and 31st January 2026

202,126

DEPRECIATION

At 1st February 2025

153,630

Charge for year

16,152

At 31st January 2026

169,782

NET BOOK VALUE

At 31st January 2026

32,344

At 31st January 2025

48,496

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1st February 2025

668,489

Additions

30,000

At 31st January 2026

698,489

NET BOOK VALUE

At 31st January 2026

698,489

At 31st January 2025

668,489

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/26

31/1/25

£

£

Trade debtors

179,307

118,016

Other debtors

33,722

91,007

Corporation tax recoverable

-

935

Prepayments and accrued income

27,954

99,091

240,983

309,049

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/26

31/1/25

£

£

Bank overdrafts

24,876

129,361

Trade creditors

10,047

(57,498

)

Social security and other taxes

53,200

(2,382

)

Amount due to related companys

242,243

8,693

Accruals and deferred income

5,729

307,274

336,095

385,448

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/1/26

31/1/25

£

£

Loan from related company

168,290

175,664

Amount due to related companys

100,046

174,336

Directors' loan accounts

43,736

50,096

312,072

400,096

10.	SECURED DEBTS

The following secured debts are included within creditors:

31/1/26

31/1/25

£

£

Bank overdrafts

7,295

26,145