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REGISTERED NUMBER: 08149835 (England and Wales)










ASPIRE (SWANSEA) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






ASPIRE (SWANSEA) LIMITED (REGISTERED NUMBER: 08149835)






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 (SWANSEA) 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: 08149835 (England and Wales)





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

ASPIRE (SWANSEA) LIMITED (REGISTERED NUMBER: 08149835)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 426,009 438,723
Investments 5 100 100
426,109 438,823

CURRENT ASSETS
Debtors 6 104,253 197,410
Cash at bank 155,568 41,188
259,821 238,598
CREDITORS
Amounts falling due within one year 7 16,258 54,396
NET CURRENT ASSETS 243,563 184,202
TOTAL ASSETS LESS CURRENT
LIABILITIES

669,672

623,025

CREDITORS
Amounts falling due after more than one
year

8

-

51,695
NET ASSETS 669,672 571,330

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 669,670 571,328
SHAREHOLDERS' FUNDS 669,672 571,330

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.

ASPIRE (SWANSEA) LIMITED (REGISTERED NUMBER: 08149835)

BALANCE SHEET - continued
31 JULY 2023


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.

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 (SWANSEA) LIMITED (REGISTERED NUMBER: 08149835)

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

1. STATUTORY INFORMATION

Aspire (Swansea) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Going concern
The financial statements have been prepared on a going concern basis ion the presumption that continued support will be available to the company from shareholders, directors and creditors to enable the company to meet its liabilities as they fall due.

The directors have pledge to continue and support the company and have confirmed that they will not seek repayment of their loans within 12 months from the date of approval of these financial statements. The directors consider it appropriate for the accounts to be prepared on a going concern basis.


Adjustments would have to be made to reduce the balance sheet value of assets to their recoverable amounts and to provide for the further liabilities that might arise and to reclassify fixed assets and any long-term liabilities as current assets and liabilities but such adjustments have not been made in theses financial statements.

ASPIRE (SWANSEA) LIMITED (REGISTERED NUMBER: 08149835)

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

2. ACCOUNTING POLICIES - continued

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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings Totals
£    £    £    £   
COST
At 1 August 2022
and 31 July 2023 489,339 63,043 25,075 577,457
DEPRECIATION
At 1 August 2022 55,132 58,527 25,075 138,734
Charge for year 9,786 2,928 - 12,714
At 31 July 2023 64,918 61,455 25,075 151,448
NET BOOK VALUE
At 31 July 2023 424,421 1,588 - 426,009
At 31 July 2022 434,207 4,516 - 438,723

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2022
and 31 July 2023 100
NET BOOK VALUE
At 31 July 2023 100
At 31 July 2022 100

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings 18,969 -
Other debtors 10,263 -
29,232 -

Amounts falling due after more than one year:
Directors' loan accounts 75,021 197,410

Aggregate amounts 104,253 197,410

ASPIRE (SWANSEA) LIMITED (REGISTERED NUMBER: 08149835)

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

6. DEBTORS - continued

As at the balance sheet date, £75,021 (2022:197,410) was owed from the directors. The amount will be repaid within 9 months after the end of the accounting period. These amount are repayable on demand.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 25,540
Taxation and social security 14,473 27,238
Other creditors 1,785 1,618
16,258 54,396

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 27,369
Amounts owed to group undertakings - 24,243
Other creditors - 83
- 51,695

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans - 52,909

10. RELATED PARTY DISCLOSURES

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

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ASPIRE (SWANSEA) 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 (Swansea) 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 (Swansea) 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 (Swansea) Limited and state those matters that we have agreed to state to the Board of Directors of Aspire (Swansea) 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 (Swansea) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Aspire (Swansea) 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 (Swansea) Limited. You consider that Aspire (Swansea) 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 (Swansea) 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