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REGISTERED NUMBER: 08150162 (England and Wales)










ASPIRE SUPPORT OPTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






ASPIRE SUPPORT OPTIONS LIMITED (REGISTERED NUMBER: 08150162)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

ASPIRE SUPPORT OPTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Ms K Denyer
Ms C Roberts





REGISTERED OFFICE: The Beeches
Western Road
Clydach
Swansea
SA6 5DY





REGISTERED NUMBER: 08150162 (England and Wales)





ACCOUNTANTS: Bevan Buckland LLP
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA

ASPIRE SUPPORT OPTIONS LIMITED (REGISTERED NUMBER: 08150162)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,053 3,160

CURRENT ASSETS
Debtors 5 4,612 41,777
Cash at bank and in hand 99,043 67,857
103,655 109,634
CREDITORS
Amounts falling due within one year 6 95,359 55,910
NET CURRENT ASSETS 8,296 53,724
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,349

56,884

PROVISIONS FOR LIABILITIES 2,135 -
NET ASSETS 28,214 56,884

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 28,114 56,784
SHAREHOLDERS' FUNDS 28,214 56,884

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

ASPIRE SUPPORT OPTIONS LIMITED (REGISTERED NUMBER: 08150162)

BALANCE SHEET - continued
31 JULY 2023



The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2023 and were signed on its behalf by:




Ms C Roberts - Director



Ms K Denyer - Director


ASPIRE SUPPORT OPTIONS LIMITED (REGISTERED NUMBER: 08150162)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Aspire Support Options 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 (£).


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.

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

Assets purchased which have a value of less than £500 are expensed to the profit and loss account in the year of purchase.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

ASPIRE SUPPORT OPTIONS LIMITED (REGISTERED NUMBER: 08150162)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

2. ACCOUNTING POLICIES - continued

Income grant
Revenue grants are credited to the profit and loss account in the same period as the expenditure to which they relate.

Cash at bank and cash in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Going Concern
The company continues to adopt the going concern basis in preparing its financial statements.

Government Grants
Government grants are recognised at the fair value of the asset received or receivable when there is
reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance
conditions are met. Where a grant does not specify performance conditions it is recognised in income
when the proceeds are received or receivable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 25 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022 23,346 - 4,009 27,355
Additions 8,734 13,699 - 22,433
At 31 July 2023 32,080 13,699 4,009 49,788
DEPRECIATION
At 1 August 2022 20,653 - 3,542 24,195
Charge for year 2,019 1,054 467 3,540
At 31 July 2023 22,672 1,054 4,009 27,735
NET BOOK VALUE
At 31 July 2023 9,408 12,645 - 22,053
At 31 July 2022 2,693 - 467 3,160

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 4,612 7,778
Prepayments - 9,756
4,612 17,534

Amounts falling due after more than one year:
Amounts owed by group undertakings - 24,243

Aggregate amounts 4,612 41,777

ASPIRE SUPPORT OPTIONS LIMITED (REGISTERED NUMBER: 08150162)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Payments on account 36,323 10,684
Trade creditors 192 176
Amounts owed to group undertakings 18,969 -
Tax 23,924 27,720
Pensions Payable 1,491 1,207
Social security and other taxes - 5,742
Other creditors 11,053 7,093
Accrued expenses 3,407 3,288
95,359 55,910

7. RELATED PARTY DISCLOSURES

At the balance sheet date £18,969 was owed to group undertakings (2022: £24,243 owed from group undertakings).

8. GOVERNMENT GRANTS

During the year the following government support was received during the year.
Total Grants received £1,000
Local Council Grants £1,000


There are no unfulfilled conditions attached to these to the above grants received.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ASPIRE SUPPORT OPTIONS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Aspire Support Options Limited for the year ended 31 July 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Aspire Support Options Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Aspire Support Options Limited and state those matters that we have agreed to state to the Board of Directors of Aspire Support Options Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aspire Support Options Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Aspire Support Options Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Aspire Support Options Limited. You consider that Aspire Support Options Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Aspire Support Options Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bevan Buckland LLP
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA


9 October 2023