ASPC Holdings Limited Filleted accounts for Companies House (small and micro)

ASPC HOLDINGS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 11832431

ASPC Holdings Limited

Filleted Unaudited Financial Statements

31 March 2020

ASPC Holdings Limited

Statement of Financial Position

31 March 2020

	31 Mar 20
Note	£

Fixed assets

Investments	3	100

Current assets

Debtors	4	104,000
Cash at bank and in hand		26,000
		---------
		130,000

Creditors: amounts falling due within one year	5	55,350
		---------
Net current assets		74,650
		--------
Total assets less current liabilities		74,750
		--------
Net assets		74,750
		--------

Capital and reserves

Called up share capital	100
Profit and loss account	74,650
	--------
Shareholders funds	74,750
	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the period ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

ASPC Holdings Limited

Statement of Financial Position (continued)

31 March 2020

These financial statements were approved by the board of directors and authorised for issue on 21 December 2020 , and are signed on behalf of the board by:

Mr A R Robson	Mr S M Border
Director	Director

Mrs M A Robson
Director

Company registration number: 11832431

ASPC Holdings Limited

Notes to the Financial Statements

Period from 18 February 2019 to 31 March 2020

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 22 Friars Street, Sudbury, Suffolk, CO10 2AA, UK.

2. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

3. Investments

	Shares in group undertakings
	£
Cost
At 18 February 2019	–
Additions	100
	----
At 31 March 2020	100
	----
Impairment
At 18 February 2019 and 31 March 2020	–
	----

Carrying amount
At 31 March 2020	100
	----

4. Debtors

	31 Mar 20
	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	104,000
	---------

5. Creditors: amounts falling due within one year

	31 Mar 20
	£
Other creditors	55,350
	--------

6. Directors' advances, credits and guarantees

There are no transactions in the year to note.

7. Related party transactions

At the year end there was a balance of £104,000 (2019: £–) owed to company by AS Powder Coating Limited, a subsidiary, in respect of a general inter-company loan.