Aspect (Hull) Ltd Accounts






Aspect (Hull) Ltd

	Company No. 12631199
		Information for Filing with The Registrar
		31 May 2026

The Director presents his report and the accounts for the year ended 31 May 2026.

Principal activities
The principal activity of the company during the year under review was Repair and Inspection of Cranes.




Director

The Director who served at any time during the year was as follows:

R. Pearson









































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

R. Pearson
Director
08 June 2026

at	31 May 2026
Company No.		12631199	Notes	2026	2025
				£	£
Fixed assets

	Tangible assets		5	266,871	143,007


				266,871	143,007
Current assets

	Debtors		6	128,989	114,830

	Cash at bank and in hand			178,362	80,145
				307,351	194,975
Creditors: Amount falling due within one year			7	(166,302)	(144,453)
Net current assets				141,049	50,522
Total assets less current liabilities				407,920	193,529
Creditors: Amounts falling due after more than one year			8	(81,434)	(10,982)



Net assets				326,486	182,547

Capital and reserves
	Called up share capital			1	1



	Profit and loss account		9	326,485	182,546

Total equity				326,486	182,547



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 May 2026 the company was entitled to exemption from audit 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 08 June 2026 and signed on its behalf by:
R. Pearson
Director
08 June 2026

for the year ended 31 May 2026

General information

Aspect (Hull) Ltd is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 12631199

Its registered office is:

Its trading address is:

1st Floor Manor House

99 Hull Road

Main Road

Coniston

Ryehill

East Yorkshire

HU12 9NH

HU11 4LD

The accounts have been prepared in accordance and comply with FRS 102 and Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Revenue recognition

Turnover represents the amount of consideration to which the company expects to be entitled in exchange for providing inspection and related services to customers in the ordinary course of business, net of value added tax.

Revenue is recognised when, or as, the company satisfies a performance obligation by transferring control of the promised services to the customer.

For inspections that represent a single performance obligation, revenue is recognised when the inspection has been completed and the related report or deliverable has been provided to the customer.

Where inspection contracts are performed over a period of time and the customer simultaneously receives and consumes the benefits of the services provided, revenue is recognised over time. Progress towards completion is measured using a method that faithfully depicts the transfer of services to the customer, including work performed to date as a proportion of the total services to be provided.

Variable consideration, including performance-related fees and contractual adjustments, is recognised only to the extent that it is highly probable that a significant reversal of recognised revenue will not occur when the uncertainty is subsequently resolved.

Amounts collected on behalf of third parties, including value added tax, are excluded from turnover.

Intangible fixed assets

Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Plant and machinery

20% Reducing balance

Motor vehicles

25% Reducing balance

Furniture, fittings and equipment

20% Reducing balance

Research and development costs

Expenditure on research and development is written off in the year it is incurred unless it meets the criteria to allow it to be capitalised. Costs of research are always written off in the year in which they are incurred. Where development costs are recognised as an asset, they are amortised over the period expected to benefit from them. Amortisation of the capitalised costs begins once the developed product comes into use, typically at rate of 33.33% straight line.

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Freehold investment property

Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.

Investments

Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Foreign currencies

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2026	2025
			Number	Number
		The average monthly number of employees (including directors) during the year was:	4	4

4	Taxation
		(a) Tax on profit on ordinary activities	2026	2025
		The tax charge is made up as follows:	£	£
		UK corporation tax
		Charge for the period	16,558	23,477

		Total corporation tax	16,558	23,477





		Tax on profit on ordinary activities	16,558	23,477

		(b) Factors affecting the total tax charge for the period
		The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The differences are reconciled below:
		Lower	2026	2025
		-33566	£	£
		Profit on ordinary activities before tax	200,497	94,794

		Standard rate of corporation tax in the United Kingdom	25%	25%

		Profit on ordinary activities multiplied by standard rate of corporation tax in the United Kingdom	50,124	23,699
		Expenses not deductible for tax purposes	(33,566)	(222)




		Tax on profit on ordinary activities	16,558	23,477

5	Tangible fixed assets
			Plant and machinery	Motor vehicles	Fixtures, fittings and equipment	Total
			£	£	£	£
		Cost or revaluation
		At 1 June 2025	30,654	213,702	2,748	247,104
		Additions	2,130	170,924	1,698	174,752



		At 31 May 2026	32,784	384,626	4,446	421,856
		Depreciation
		At 1 June 2025	10,737	92,103	1,256	104,096
		Charge for the year	4,139	46,452	298	50,889



		At 31 May 2026	14,876	138,555	1,554	154,985
		Net book values
		At 31 May 2026	17,908	246,071	2,892	266,871
		At 31 May 2025	19,917	121,599	1,492	143,008

6	Debtors
			2026	2025
			£	£
		Trade debtors	120,239	99,147






		Prepayments and accrued income	8,750	15,683
			128,989	114,830

7	Creditors:
		amounts falling due within one year
			2026	2025
			£	£



		Obligations under finance lease and hire purchase contracts	42,648	17,097
		Trade creditors	4,095	9,956

		Taxes and social security	64,549	61,797
		Loans from directors	52,576	19,372
		Other creditors	543	490
		Accruals and deferred income	1,891	35,741
			166,302	144,453

8	Creditors:
		amounts falling due after more than one year
			2026	2025
			£	£



		Obligations under finance lease and hire purchase contracts	81,434	10,982




			81,434	10,982

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

10	Dividends
			2026	2025
			£	£
		Dividends for the period:
		Dividends paid in the period	40,000	40,000

			40,000	40,000

		Dividends by type:

		Equity dividends	40,000	40,000
			40,000	40,000