Aspects 2 Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06660529 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2019

FOR

ASPECTS 2 LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs S B Jalil

Mrs R Kousar

REGISTERED OFFICE:

Kingston House

432-452 High Street

West Bromwich

West Midlands

B70 9LD

REGISTERED NUMBER:

06660529 (England and Wales)

AUDITORS:

Luckmans Duckett Parker Limited

Chartered Accountants

Statutory Auditors

1110 Elliott Court

Herald Avenue

Coventry Business Park

Coventry

West Midlands

CV5 6UB

FIXED ASSETS

Tangible assets

4

20,743

24,944

CURRENT ASSETS

Debtors: amounts falling due within one year

5

1,914,167

1,784,172

Cash at bank

46,444

289,559

1,960,611

2,073,731

CREDITORS

Amounts falling due within one year

6

521,945

921,697

NET CURRENT ASSETS

1,438,666

1,152,034

TOTAL ASSETS LESS CURRENT LIABILITIES

1,459,409

1,176,978

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

1,459,407

1,176,976

SHAREHOLDERS' FUNDS

1,459,409

1,176,978

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 26 June 2020 and were signed on its behalf by:

Mrs S B Jalil - Director

1.	STATUTORY INFORMATION

Aspects 2 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 (£).

The company's previous accounting period was shortened to 30 June in order to align the company

with its new parent company period end. With the period to 30 June 2018 being a 8-month period the

comparatives are therefore not entirely comparable.

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.

Going Concern

The financial statements have been prepared on the going concern basis. This basis may not be

appropriate because the group has net current liabilities at the balance sheet date. The Company's

ability to continue trading is dependent upon the continued support of the companies within the group

in addition to a number of other factors. The group are in the process of applying for finance to enable

it to refurbish a number of units currently unoccupied and for working capital. Once these units have

been refurbished the directors are confident that occupants will be obtained thus increasing the group’s

overall occupancy level generating additional turnover for the group. The directors are also closely

monitoring costs on a regular basis to ensure where possible supplier payments are made within a

reasonable time frame throughout the group through pooling of group cash resource. Support has

been sought from the group’s largest creditor to assist the company in meeting their trading liabilities

as they may fall due for the foreseeable future. The directors are of the opinion that group support from

all companies within the group will be ongoing together with the support of creditors and therefore

consider it appropriate to prepare the financial statements on the going concern basis. These financial

statements do not reflect any adjustments that may be necessary should the support of the companies

within the group or creditors not be forthcoming.

The directors have considered the impact of the COVID-19 world pandemic upon the group. In light of

the current restrictions imposed by and the financial support offered by the UK government the

directors are satisfied that the group will continue as a going concern for the foreseeable future, but as

the full effect of the virus is not yet known uncertainty exists.

Preparation of consolidated financial statements

The financial statements contain information about Aspects 2 Limited as an individual company and do

not contain consolidated financial information as the parent of a group. The company is exempt under

Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial

statements as it and its subsidiary undertaking are included by full consolidation in the consolidated

financial statements of its parent, Rehability UK Community Ltd, 1110 Elliott Court Coventry Business

Park, Herald Avenue, Coventry, West Midlands, United Kingdom, CV5 6UB.

Significant judgements and estimates

These financial statements do not contain any significant judgements or estimates.

Turnover

Turnover represents amounts receivable during the year for the provision of care and accommodation.

Where the amount received relates to a period which covers the balance sheet date that amount is

apportioned over the period to which it relates.

Tangible fixed assets

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

useful life.

Leasehold buildings - over the remaining life of the lease

Fixtures and fittings - 25% on cost

Motor vehicles - 33.33% on cost

Computer Equipment - 33.33% on cost

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.

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 133 (2018 - 136 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 July 2018

203,251

61,693

24,382

289,326

Additions

-

4,800

-

4,800

At 30 June 2019

203,251

66,493

24,382

294,126

DEPRECIATION

At 1 July 2018

192,301

50,327

21,754

264,382

Charge for year

3,203

4,188

1,610

9,001

At 30 June 2019

195,504

54,515

23,364

273,383

NET BOOK VALUE

At 30 June 2019

7,747

11,978

1,018

20,743

At 30 June 2018

10,950

11,366

2,628

24,944

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

17,009

71,236

Amounts owed by group undertakings

1,740,499

77,405

Other debtors

45,089

1,493,640

Prepayments and accrued income

111,570

141,891

1,914,167

1,784,172

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

128,046

6,211

Amounts owed to group undertakings

18,555

394,000

Tax

24,626

186,903

Social security and other taxes

94,285

35,989

Other creditors

36,830

61,814

Accruals and deferred income

219,603

236,780

521,945

921,697

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2019

2018

£

£

Within one year

295,536

409,428

Between one and five years

1,688

255,823

297,224

665,251

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

15

Ordinary A

0.01

-

-

15

Ordinary B

0.01

-

-

170

Ordinary C

0.01

2

2

2

2

The shares rank pari passu in all respects, other than the right to dividends.

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Spafford ACA FCCA (Senior Statutory Auditor)

for and on behalf of Luckmans Duckett Parker Limited

10.	ULTIMATE CONTROLLING PARTY

The controlling party is HC 1187 Limited.

The ultimate controlling party is Rehability Group Limited.