Registered number
07118584
Aspire Catering Limited
Filleted Accounts
30 September 2023
Aspire Catering Limited
Registered number: 07118584
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 18,121 25,370
Investments 4 2,000 2,000
20,121 27,370
Current assets
Debtors 5 67,323 100,857
Cash at bank and in hand 68,986 127,951
136,309 228,808
Creditors: amounts falling due within one year 6 (67,958) (81,498)
Net current assets 68,351 147,310
Total assets less current liabilities 88,472 174,680
Creditors: amounts falling due after more than one year 7 (13,154) (20,355)
Net assets 75,318 154,325
Capital and reserves
Called up share capital 8 2,000 2,000
Other reserves 9 2,001 2,001
Profit and loss account 71,317 150,324
Shareholder's funds 75,318 154,325
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr. A. Muller
Director
Approved by the board on 12 February 2024
Aspire Catering Limited
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
The directors are satisfied that the company is entitled to exemption under Section 405 (2) of the
Companies Act 2006 from the requirement to prepare group accounts. These financial statements
present information about the company as an individual undertaking and not about the group of
which it is a member.
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% straight line
Motor Vehicles 25% straight line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stock is valued at the lower of cost and net realisable value.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2022 2,600 28,995 31,595
At 30 September 2023 2,600 28,995 31,595
Depreciation
At 1 October 2022 2,600 3,625 6,225
Charge for the year - 7,249 7,249
At 30 September 2023 2,600 10,874 13,474
Net book value
At 30 September 2023 - 18,121 18,121
At 30 September 2022 - 25,370 25,370
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 October 2022 2,000
At 30 September 2023 2,000
The company holds 20% or more of the share capital of the following companies:
Company Shares held Capital and reserves Profit (loss) for the year
Class % £ £
Aspire Leasing Limited Ordinary 100 40,540 (247)
5 Debtors 2023 2022
£ £
Trade debtors 63,621 97,768
Amounts owed by group undertakings and undertakings in which the company has a participating interest 1,000 1,000
Other debtors 2,702 2,089
67,323 100,857
6 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 7,517 7,402
Trade creditors 36,238 29,976
Amounts owed to group undertakings and undertakings in which the company has a participating interest 15,772 15,772
Other taxes and social security costs 6,678 27,018
Other creditors 1,753 1,330
67,958 81,498
7 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 13,154 20,355
8 Share capital Nominal 2023 2023 2022
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 2,000 2,000 2,000
9 Capital redemption reserve 2023
£
At 1 October 2022 2,001
At 30 September 2023 2,001
10 Related party transactions
The company had the following transactions with related parties during the period:
The company had sales of £3,564 (2022:£6,300) to Aspire Leasing Limited during the year. Aspire Leasing Limited is a wholly owned subsidiary of the company and these sales were charged at cost. The company also charged Aspire Leasing Limited management charges totalling £1,000 (2022: £1,000) for the period. The amount owed to Aspire Leasing Limited by the company at the year end amounted to £14,772.
11 Controlling party
The company is controlled by Mr. A. Muller.
12 Other information
Aspire Catering Limited is a private company limited by shares and incorporated in England. Its registered office is:
7 Crumplins Business Court,
Dunleys's Hill,
Odiham,
Hampshire,
RG29 1DU.
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