Aspinall Verdi Limited - Accounts to registrar (filleted) - small 18.2

Aspinall Verdi Limited - Accounts to registrar (filleted) - small 18.2

ASPINALL VERDI LIMITED - Company Information

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REGISTERED NUMBER: 06908655 (England and Wales)
















ASPINALL VERDI LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2018






ASPINALL VERDI LIMITED (REGISTERED NUMBER: 06908655)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ASPINALL VERDI LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2018







DIRECTORS: B E Aspinall
A P S Verdi
P S Dosanjh



REGISTERED OFFICE: Second floor
Matthew Murray House
97 Water Lane
Leeds
LS11 5QN



REGISTERED NUMBER: 06908655 (England and Wales)



ACCOUNTANTS: BPR Heaton
Chartered Accountants
27a Lidget Hill
Pudsey
Leeds
LS28 7LG



BANKERS: National Westminster Bank
8 Park Row
Leeds
West Yorkshire
LS1 5HD
Page 1
ASPINALL VERDI LIMITED (REGISTERED NUMBER: 06908655)

BALANCE SHEET
30 SEPTEMBER 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,546 14,751

CURRENT ASSETS
Debtors 5 386,931 262,006
Cash at bank 297,237 236,853
684,168 498,859
CREDITORS
Amounts falling due within one year 6 292,542 218,317
NET CURRENT ASSETS 391,626 280,542
TOTAL ASSETS LESS CURRENT
LIABILITIES
407,172
295,293

PROVISIONS FOR LIABILITIES 2,950 2,803
NET ASSETS 404,222 292,490

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 384,222 272,490
SHAREHOLDERS' FUNDS 404,222 292,490

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 6 December 2018 and were signed on
its behalf by:




B E Aspinall - Director


The notes form part of these financial statements

Page 2
ASPINALL VERDI LIMITED (REGISTERED NUMBER: 06908655)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2018

1. STATUTORY INFORMATION

Aspinall Verdi 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 information in the accounts is rounded to the nearest pound.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Significant judgements and estimates
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of
certain critical accounting estimates. It also requires management to exercise judgement in applying
the company's accounting policies.

In preparing these financial statements, the director has had to make the following judgements and
estimates:

Tangible fixed assets
Tangible fixed assets are depreciated over their useful lives which are assessed annually by the
directors.

In re-assessing asset lives, factors such as technological innovation, product life cycles and
maintenance programmes are taken into account

Bad debt provision
The value of closing trade debtors as at the balance sheet date is subject to a bad debt provision
which are assessed annually by the directors.

Turnover
Revenue represents the fair value of consideration receivable in respect of professional services
provided during the year where the right to consideration has been obtained through performance.

Invoices raised but unpaid at the balance sheet date are shown in 'Trade debtors'. Provision has been
made for amounts considered to be irrecoverable.

Work on hand at the balance sheet date is included in 'Accrued income' at selling price, being the
value of the right to consideration in respect of that work based on its stage of completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Page 3 continued...
ASPINALL VERDI LIMITED (REGISTERED NUMBER: 06908655)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2018

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the
contractual provisions of the instrument.

Financial assets and liabilities are initially measured at the transaction price, except for those financial
assets classified as at fair value through profit or loss.

Basic financial instruments
Basic financial instruments are those with relatively straight forward terms and would normally include
cash, bank balances, trade debtors, trade creditors and uncomplicated bank loans.

Where the arrangement does not constitute a financing transaction, e.g trade debtors on normal
commercial terms, the debtor will be valued initially at transaction price (i.e. cost) and subsequently at
transaction price less impairment (if any) due to concerns over recoverability.

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 13 (2017 - 11 ) .

Page 4 continued...
ASPINALL VERDI LIMITED (REGISTERED NUMBER: 06908655)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2018

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2017 27,595
Additions 8,507
Disposals (533 )
At 30 September 2018 35,569
DEPRECIATION
At 1 October 2017 12,844
Charge for year 7,712
Eliminated on disposal (533 )
At 30 September 2018 20,023
NET BOOK VALUE
At 30 September 2018 15,546
At 30 September 2017 14,751

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 324,332 193,734
Other debtors 62,599 68,272
386,931 262,006

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 48,709 26,637
Taxation and social security 147,184 120,408
Other creditors 96,649 71,272
292,542 218,317

Page 5