REGISTERED NUMBER:
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ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2019 |
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ASPECTS HOLDINGS (UK) LIMITED |
REGISTERED NUMBER:
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ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2019 |
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FOR |
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ASPECTS HOLDINGS (UK) LIMITED |
ASPECTS HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 04377415) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 December 2019 |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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ASPECTS HOLDINGS (UK) LIMITED |
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COMPANY INFORMATION |
for the year ended 31 December 2019 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ASPECTS HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 04377415) |
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ABRIDGED BALANCE SHEET |
31 December 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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Investments | 6 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | ( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Capital redemption reserve |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
ASPECTS HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 04377415) |
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ABRIDGED BALANCE SHEET - continued |
31 December 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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ASPECTS HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 04377415) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 December 2019 |
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1. | STATUTORY INFORMATION |
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Aspects Holdings (UK) Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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The company's place of business is Units 10/11 Mere Farm Business Complex, Red House Lane, Hannington, |
Northamptonshire, NN6 9FP. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The principal accounting policies adopted in the preparation of the financial statements are set out below. |
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Going concern |
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The Director is satisfied that the Group has sufficient resources to continue in operation and to meet its foreseeable |
needs. The Director has considered financial forecasts and is carefully monitoring the ongoing situation regarding the |
Coronavirus outbreak. |
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As the Government is now actively encouraging our industry to return to work, we are doing so, and so mitigating |
concern for the Group's future. The Group is following issued guidance and has implemented changes to its risk |
assessment and health and safety procedures to ensure that its employees and contractors can continue to work |
COVID-secure. |
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The Director has therefore concluded that there are no material uncertainties for the Group, and so it is appropriate to |
prepare the accounts on a going concern basis. |
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Turnover |
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course |
of business. Revenue is recognised in respect of service contracts when the company obtains the right to |
consideration. |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less |
any accumulated amortisation and any accumulated impairment losses. |
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Intangible assets represents the purchase of a trademark, which is being amortised evenly over its estimated useful |
life of ten years. |
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Tangible fixed assets |
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Plant and machinery | - |
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Furniture & equipment | - |
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Motor vehicles | - |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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ASPECTS HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 04377415) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 December 2019 |
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2. | ACCOUNTING POLICIES - continued |
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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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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. |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are |
depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of |
the future payments is treated as a liability. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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ASPECTS HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 04377415) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 December 2019 |
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4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 January 2019 |
and 31 December 2019 |
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AMORTISATION |
At 1 January 2019 |
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Amortisation for year |
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At 31 December 2019 |
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NET BOOK VALUE |
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At 31 December 2019 |
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At 31 December 2018 |
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5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 January 2019 |
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Additions |
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Disposals | ( |
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At 31 December 2019 |
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DEPRECIATION |
At 1 January 2019 |
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Charge for year |
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Eliminated on disposal | ( |
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Transfer to ownership | (16,373 | ) |
At 31 December 2019 |
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NET BOOK VALUE |
At 31 December 2019 |
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At 31 December 2018 |
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ASPECTS HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 04377415) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 December 2019 |
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5. | TANGIBLE FIXED ASSETS - continued |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
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Totals |
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COST |
At 1 January 2019 | 311,111 |
Disposals | (56,500 | ) |
At 31 December 2019 | 254,611 |
DEPRECIATION |
At 1 January 2019 | 100,403 |
Charge for year | 43,598 |
Eliminated on disposal | (28,250 | ) |
Transfer to ownership | (16,373 | ) |
At 31 December 2019 | 99,378 |
NET BOOK VALUE |
At 31 December 2019 | 155,233 |
At 31 December 2018 | 210,708 |
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6. | FIXED ASSET INVESTMENTS |
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Information on investments other than loans is as follows: |
Totals |
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COST |
At 1 January 2019 |
and 31 December 2019 | 352 |
NET BOOK VALUE |
At 31 December 2019 | 352 |
At 31 December 2018 | 352 |
ASPECTS HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 04377415) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 December 2019 |
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7. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2019 | 2018 |
£ | £ |
Hire purchase contracts | 99,615 | 175,594 |
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The hire purchase liabilities are secured on the assets concerned. |
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Arising from a mortgage undertaken for a related party, there is also a fixed and floating charge held by Julian Hodge |
Bank over land and buildings at Mere Farm Business Complex, Red House Lane, Hannington, Northamptonshire, |
NN6 9FP. |
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8. | PENSION COMMITMENTS |
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At the year end, the company had an outstanding pension liability of £34 (2018: £96). |