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. |