Aspen Gas Limited - Accounts to registrar (filleted) - small 18.2

Aspen Gas Limited - Accounts to registrar (filleted) - small 18.2

ASPEN GAS LIMITED - Company Information

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REGISTERED NUMBER: 06771946 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

ASPEN GAS LIMITED
ASPEN GAS LIMITED (REGISTERED NUMBER: 06771946)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ASPEN GAS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2018







DIRECTOR: D T Grant





SECRETARY:





REGISTERED OFFICE: The Coach House
The Square
Sawbridgeworth
Hertfordshire
CM21 9AE





REGISTERED NUMBER: 06771946 (England and Wales)





ACCOUNTANTS: Ashley James Limited
The Coach House
The Square
Sawbridgeworth
Hertfordshire
CM21 9AE
Page 1
ASPEN GAS LIMITED (REGISTERED NUMBER: 06771946)

BALANCE SHEET
31 DECEMBER 2018

31/12/18 31/12/17
Notes £    £   
FIXED ASSETS
Intangible assets 4 14,000 14,000
Tangible assets 5 774 1,260
14,774 15,260

CURRENT ASSETS
Cash at bank 260,459 185,567

CREDITORS
Amounts falling due within one year 6 (37,376 ) (25,350 )
NET CURRENT ASSETS 223,083 160,217
TOTAL ASSETS LESS CURRENT
LIABILITIES
237,857
175,477

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 237,757 175,377
SHAREHOLDERS' FUNDS 237,857 175,477

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

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.

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 director on 27 August 2019 and were signed by:





D T Grant - Director


The notes form part of these financial statements

Page 2
ASPEN GAS LIMITED (REGISTERED NUMBER: 06771946)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018

1. STATUTORY INFORMATION

Aspen Gas 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 20% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

Page 3 continued...
ASPEN GAS LIMITED (REGISTERED NUMBER: 06771946)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2018

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2018
and 31 December 2018 14,000
NET BOOK VALUE
At 31 December 2018 14,000
At 31 December 2017 14,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2018
and 31 December 2018 10,497
DEPRECIATION
At 1 January 2018 9,237
Charge for year 486
At 31 December 2018 9,723
NET BOOK VALUE
At 31 December 2018 774
At 31 December 2017 1,260

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/18 31/12/17
£    £   
Trade creditors 963 -
Taxation and social security 20,712 22,632
Other creditors 15,701 2,718
37,376 25,350

Page 4