REGISTERED NUMBER: 09502760 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

ASPECT PROJECTS SOUTHERN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr R L Sayers

Mr D L Brett

REGISTERED OFFICE:

First Floor

Chilworth Point

1 Chilworth Road

Southampton

Hampshire

SO16 7JQ

REGISTERED NUMBER:

09502760 (England and Wales)

ACCOUNTANTS:

Rothmans LLP

Chartered Accountants

Chilworth Point

1 Chilworth Road

Southampton

Hampshire

SO16 7JQ

FIXED ASSETS

Tangible assets

4

128,034

96,611

CURRENT ASSETS

Debtors

5

86,133

84,127

Cash at bank and in hand

15,265

11,472

101,398

95,599

CREDITORS

Amounts falling due within one year

6

97,145

145,513

NET CURRENT ASSETS/(LIABILITIES)

4,253

(49,914

)

TOTAL ASSETS LESS CURRENT LIABILITIES

132,287

46,697

CREDITORS

Amounts falling due after more than one year

7

93,425

45,040

NET ASSETS

38,862

1,657

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

38,762

1,557

SHAREHOLDERS' FUNDS

38,862

1,657

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 by the Board of Directors and authorised for issue on 7 October 2026 and were signed on its behalf by:

Mr R L Sayers - Director

1.	STATUTORY INFORMATION

Aspect Projects Southern 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.

REVENUE RECOGNITION

Turnover is the amount derived from construction works stated after trade discounts and net of VAT.

Revenue is recognised when the amount of revenue can be measured reliably and it is probable that the economic benefits associated with the transaction will flow to the entity.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% straight line basis

Motor vehicles

-

20% straight line basis

Computer equipment

-

20% straight line basis

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost included expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The assets' residual values, useful lives and depreciation methods are reviewed and if appropriate are adjusted if there is an indication of a significant change since the last reporting date.

TAXATION

Taxation for the year comprises of current 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 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.

HIRE PURCHASE AND LEASING COMMITMENTS

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

SHORT TERM DEBTORS AND CREDITORS

Debtors and creditors receivable and payable within one year or upon demand are recorded at transaction price whether or not a rate of interest is charged on the balance. Any losses arising from impairment are recognised in the income statement in other operating expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2025

129,681

198,738

5,436

333,855

Additions

8,945

102,340

-

111,285

Disposals

-

(33,500

)

-

(33,500

)

At 31 March 2026

138,626

267,578

5,436

411,640

DEPRECIATION

At 1 April 2025

104,346

127,763

5,134

237,243

Charge for year

24,353

35,108

302

59,763

Eliminated on disposal

-

(13,400

)

-

(13,400

)

At 31 March 2026

128,699

149,471

5,436

283,606

NET BOOK VALUE

At 31 March 2026

9,927

118,107

-

128,034

At 31 March 2025

25,335

70,975

302

96,612

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2025

102,783

Additions

102,340

Disposals

(33,500

)

At 31 March 2026

171,623

DEPRECIATION

At 1 April 2025

34,155

Charge for year

34,325

Eliminated on disposal

(13,400

)

At 31 March 2026

55,080

NET BOOK VALUE

At 31 March 2026

116,543

At 31 March 2025

68,628

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

73,986

78,016

VAT

12,147

6,111

86,133

84,127

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

1,667

10,000

Hire purchase contracts (see note 8)

41,457

25,861

Trade creditors

-

6,959

Tax

36,458

17,227

Other creditors

(16,276

)

18,679

Credit card

349

2,621

CIS

5,877

1,838

Director current account

23,980

58,932

Accrued expenses

3,633

3,396

97,145

145,513

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 1-2 years

-

1,667

Hire purchase contracts (see note 8)

93,425

43,373

93,425

45,040

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2026

2025

£

£

Net obligations repayable:

Within one year

41,457

25,861

Between one and five years

93,425

43,373

134,882

69,234

9.	OTHER FINANCIAL COMMITMENTS

Any sales invoices the company raises are factored by Lloyds bank to provide the company with certainty that it will receive any and all amounts owed from trade debtors.