Aspect Training Limited,Ltd - AccountsLtd - Accounts

Aspect Training Limited,Ltd - AccountsLtd - Accounts

ASPECT TRAINING LIMITED - Company Information

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2018-11-01 04009369 2019-10-31 04009369 2018-11-01 2019-10-31 04009369 2018-10-31 04009369 2017-11-01 2018-10-31 04009369 uk-core:WithinOneYear 2018-10-31 04009369 uk-core:WithinOneYear 2019-10-31 04009369 uk-core:ShareCapital 2019-10-31 04009369 uk-core:ShareCapital 2018-10-31 04009369 uk-core:RetainedEarningsAccumulatedLosses 2019-10-31 04009369 uk-core:RetainedEarningsAccumulatedLosses 2018-10-31 04009369 uk-bus:Director1 2018-11-01 2019-10-31 04009369 uk-core:ComputerEquipment 2018-11-01 2019-10-31 04009369 uk-core:FurnitureFittings 2018-11-01 2019-10-31 04009369 uk-core:ComputerEquipment 2018-10-31 04009369 uk-core:FurnitureFittings 2018-10-31 04009369 uk-core:FurnitureFittings 2019-10-31 04009369 uk-core:ComputerEquipment 2019-10-31 iso4217:GBP xbrli:pure 04009369 uk-bus:AuditExempt-NoAccountantsReport 2018-11-01 2019-10-31 04009369 uk-bus:FRS102 2018-11-01 2019-10-31 04009369 uk-bus:FullAccounts 2018-11-01 2019-10-31 04009369 uk-bus:PrivateLimitedCompanyLtd 2018-11-01 2019-10-31
Aspect Training Limited
Registered Number:04009369
For the year ended 31 October 2019
England and Wales
Unaudited Financial Statements
2
For the year ended 31 October 2019
Aspect Training Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 October 2019
Aspect Training Limited
Statement of Financial Position
Registered Number :
04009369
£
£
2018
2019
Notes
Fixed assets
Property, plant and equipment
4,640
1,730
2
4,640
1,730
Current assets
Inventories
15,426
-
3
Trade and other receivables
18,054
26,040
4
20,205
Cash and cash equivalents
61,877
87,917
53,685
Trade and other payables: amounts falling due within one year
(8,706)
(15,181)
5
44,979
72,736
Net current assets
Total assets less current liabilities
77,376
46,709
-
(329)
Provisions for liabilities
77,376
Net assets
46,380
Capital and reserves
Called up share capital
100
100
Retained earnings
77,276
46,280
77,376
46,380
Shareholders' funds
For the year ended 31 October 2019 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 of its financial statements for the year ended 31 October 2019 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
D E Shaw Director
These financial statements were approved and authorised for issue by the Board on 18 June 2020 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 October 2019
Aspect Training Limited
Notes to the Financial Statements
Statutory Information
Aspect Training Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 04009369.
Registered address:
Unit V4
Staniforth Estate
Main Street
Sheffield
S12 4LB
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 ''The
Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Computer Equipment
25% Reducing balance
Furniture and Fittings
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
£
£
£
Cost or valuation
At 01 November 2018
29,540
26,674
2,866
4,455
4,455
-
Additions
At 31 October 2019
2,866
31,129
33,995
Provision for depreciation and impairment
At 01 November 2018
27,810
25,041
2,769
Charge for year
1,545
1,521
24
At 31 October 2019
29,355
26,562
2,793
At 31 October 2019
Net book value
73
4,567
4,640
At 31 October 2018
97
1,633
1,730
3. Inventories
2018
2019
£
£
Stocks
-
15,426
2 of 3
5
For the year ended 31 October 2019
Aspect Training Limited
Notes to the Financial Statements Continued
4. Trade and other receivables
2018
2019
£
£
Trade debtors
26,040
17,170
Other debtors
-
884
18,054
26,040
5. Trade and other payables: amounts falling due within one year
2018
2019
£
£
Trade creditors
3,573
4,175
Amounts owed to group undertaking and undertaking in which the company has a
participating interest
-
(13,250)
Taxation and social security
9,414
9,482
Other creditors
2,194
8,299
15,181
8,706
6. Average number of persons employed
During the year the average number of employees was 3 (2018 : 5)
3 of 3