Registered number:
04684278
ASPECT HOLDINGS TRADING GROUP LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 JULY 2022
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ASPECT HOLDINGS TRADING GROUP LIMITED
REGISTERED NUMBER:
04684278
BALANCE SHEET
AS AT
31 JULY 2022
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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ASPECT HOLDINGS TRADING GROUP LIMITED
REGISTERED NUMBER:
04684278
BALANCE SHEET
(CONTINUED)
AS AT
31 JULY 2022
The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The
financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by
:
................................................
M A Harris
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The notes on pages 4 to 7 form part of these financial statements.
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ASPECT HOLDINGS TRADING GROUP LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED
31 JULY 2022
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Dividends: Equity capital
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At 1 August 2021 (as previously stated)
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At 1 August 2021 (as restated)
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Comprehensive income for the year
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The notes on pages 4 to 7 form part of these financial statements.
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ASPECT HOLDINGS TRADING GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022
Aspect Holdings Trading Group Limited is a private company limited by shares and is incorporated in England and Wales. The company's registered number is 04684278 and the registered office address is at Unit 5 Forest of Dean Business Estate, Stepbridge Road, Coleford, Gloucestershire, GL16 8PJ.
2.
Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of
Financial Reporting Standard 102, the Financial Reporting Standard applicable in
the UK and the Republic of Ireland and the Companies Act 2006
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The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies (see note 3).
The following principal accounting policies have been applied:
The director has carefully reviewed the future prospects of the company and its future cash flows, including an assessment of the potential impact of the COVID-19 pandemic. The full impact of the COVID-19 pandemic on their business remains uncertain and as a result unquantifiable at this stage. Nevertheless, having assessed this the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future being at least the next 12 months from signing of these financial statements.
For this reason the director continues to adopt the going concern basis for the preparation of the financial Statements. Accordingly, these financial statements do not include any adjustments to the carrying amount or classification of assets and liabilities that would result if the company was unable to continue as a going concern.
Interest income is recognised in profit or loss using the effective interest method.
Investments in subsidiaries are measured at cost less accumulated impairment.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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ASPECT HOLDINGS TRADING GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022
2.
Accounting policies (continued)
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
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Judgements in applying accounting policies and key sources of estimation uncertainty
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No significant judgements have had to be made by the director in preparing these financial statements.
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The average monthly number of employees, including directors, during the year was
0
(2021 -
0
)
.
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ASPECT HOLDINGS TRADING GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022
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Investments in subsidiary companies
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Amounts owed by group undertakings
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ASPECT HOLDINGS TRADING GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022
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Creditors: Amounts falling due within one year
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Accruals and deferred income
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These financial statements include a restatement of the prior year in respect of a correction in dividends paid resulting in a reduction in Profit after tax of £97,464 and a corresponding increase in Other creditors.
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Related party transactions
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During the year, the company paid personal expenses of the director totalling £24,600 (2021: Nil). At the balance sheet date, the director owed the company £
5,072
(2021: £(19,528)). The balance is interest free and,unsecured and repayable on demand.
At the balance sheet date, a shareholder owed the company £
25,859
(2021: £
25,859
). The balance is interest free and unsecured and repayable on demand.
The company has taken advantage of the exemptions available not to disclose related party transactions within the same wholly owned group.
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