Aspect Construction Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05751349 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

ASPECT CONSTRUCTION LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr V Scannapieco

Mrs M L Scannapieco

SECRETARY:

Mrs M L Scannapieco

REGISTERED OFFICE:

Hartfield Place

40-44 High Street

Northwood

Middlesex

HA6 1BN

REGISTERED NUMBER:

05751349 (England and Wales)

ACCOUNTANTS:

Robert Clow & Co

Chartered Accountants

Hartfield Place

40 - 44 High Street

Northwood

Middlesex

HA6 1BN

FIXED ASSETS

Tangible assets

2

58,639

62,410

CURRENT ASSETS

Debtors

687,178

289,322

Cash at bank

24,920

77,584

712,098

366,906

CREDITORS

Amounts falling due within one year

125,719

94,614

NET CURRENT ASSETS

586,379

272,292

TOTAL ASSETS LESS CURRENT LIABILITIES

645,018

334,702

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

645,016

334,700

SHAREHOLDERS' FUNDS

645,018

334,702

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 17 December 2014 and were signed on its behalf by:

Mr V Scannapieco - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

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 reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

148,675

Additions

15,777

At 31 March 2014

164,452

DEPRECIATION

At 1 April 2013

86,265

Charge for year

19,548

At 31 March 2014

105,813

NET BOOK VALUE

At 31 March 2014

58,639

At 31 March 2013

62,410

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

2

Ordinary

£1

2

2

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other debtors is £188,977 owed by the directors. (2013 £14,946 included in other creditors).

Interest has been charged at 4% on the overdrawn balance.

Since the Balance Sheet date the loan has been repaid.