ASP Project Controls Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06450660 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2019 TO 31 MAY 2019

FOR

ASP PROJECT CONTROLS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C J Aspinall

SECRETARY:

Mrs F Aspinall

REGISTERED OFFICE:

Lothing House

Quay View Business Park

Barnards Way

Lowestoft

Suffolk

NR32 2HD

REGISTERED NUMBER:

06450660 (England and Wales)

ACCOUNTANTS:

Juler Tooke

Lothing House

Quay View Business Park

Barnards Way

Lowestoft

Suffolk

NR32 2HD

FIXED ASSETS

Tangible assets

4

-

48

CURRENT ASSETS

Debtors

5

3,990

-

Cash at bank

228,000

213,039

231,990

213,039

CREDITORS

Amounts falling due within one year

6

(40,356

)

(50,525

)

NET CURRENT ASSETS

191,634

162,514

TOTAL ASSETS LESS CURRENT LIABILITIES

191,634

162,562

PROVISIONS FOR LIABILITIES

7

-

(2

)

NET ASSETS

191,634

162,560

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

191,534

162,460

SHAREHOLDERS' FUNDS

191,634

162,560

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 19 September 2019 and were signed by:

C J Aspinall - Director

1.	STATUTORY INFORMATION

ASP Project Controls 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2019

543

Disposals

(543

)

At 31 May 2019

-

DEPRECIATION

At 1 January 2019

495

Charge for period

23

Eliminated on disposal

(518

)

At 31 May 2019

-

NET BOOK VALUE

At 31 May 2019

-

At 31 December 2018

48

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.19

31.12.18

£

£

Trade debtors

3,990

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.19

31.12.18

£

£

Trade creditors

1,544

1,531

Taxation and social security

37,244

27,470

Other creditors

1,568

21,524

40,356

50,525

7.	PROVISIONS FOR LIABILITIES

31.5.19

31.12.18

£

£

Deferred tax

-

2

Deferred

tax

£

Balance at 1 January 2019

2

Provided during period

(2

)

Balance at 31 May 2019

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.19

31.12.18

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 January 2019

162,460

Profit for the period

31,074

Dividends

(2,000

)

At 31 May 2019

191,534

10.	ULTIMATE CONTROLLING PARTY