Aspire Leasing Limited |
Registered number: |
07094089 |
Balance Sheet |
as at 30 September 2023 |
|
Notes |
|
|
2023 |
|
|
2022 |
£ |
£ |
Current assets |
Debtors |
3 |
|
25,109 |
|
|
25,828 |
Cash at bank and in hand |
|
|
27,053 |
|
|
29,442 |
|
|
|
52,162 |
|
|
55,270 |
|
Creditors: amounts falling due within one year |
4 |
|
(4,685) |
|
|
(4,546) |
|
Net current assets |
|
|
|
47,477 |
|
|
50,724 |
|
Total assets less current liabilities |
|
|
|
47,477 |
|
|
50,724 |
|
Creditors: amounts falling due after more than one year |
5 |
|
|
(5,246) |
|
|
(8,026) |
|
Provisions for liabilities |
|
|
|
(1,691) |
|
|
(1,911) |
|
|
Net assets |
|
|
|
40,540 |
|
|
40,787 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
4 |
|
|
2,000 |
|
|
2,000 |
Profit and loss account |
|
|
|
38,540 |
|
|
38,787 |
|
Shareholder's funds |
|
|
|
40,540 |
|
|
40,787 |
|
|
|
|
|
|
|
|
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 Leasing 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). |
|
|
Turnover |
|
Income from finance lease agreements is recognised over the primary period of the lease on a straight line basis. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
|
Taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
Deferred taxation assets are not recognised unless the related taxation liability is expected |
|
to crystallise within the next twelve months. |
|
|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
- |
|
- |
|
|
|
|
|
|
|
|
|
3 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
|
Debrors due under finance leases |
8,897 |
|
10,056 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
15,772 |
|
15,772 |
|
Other debtors |
440 |
|
- |
|
|
|
|
|
|
25,109 |
|
25,828 |
|
|
|
|
|
|
|
|
|
|
Amounts due after more than one year included above |
3,089 |
|
3,793 |
|
|
|
|
|
|
|
|
|
|
The cost of assets acquired for the purpose of letting under finance leases and hire purchase |
|
contracts during the period amounted to £3,564. |
|
4 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Bank loans and overdrafts |
3,000 |
|
3,000 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
1,000 |
|
1,000 |
|
Other taxes and social security costs |
390 |
|
(9) |
|
Other creditors |
295 |
|
555 |
|
|
|
|
|
|
4,685 |
|
4,546 |
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due after one year |
2023 |
|
2022 |
£ |
£ |
|
|
Bank loans |
5,246 |
|
8,026 |
|
|
|
|
|
|
|
|
|
|
6 |
Share capital |
Nominal |
|
2023 |
|
2023 |
|
2022 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
2,000 |
|
2,000 |
|
2,000 |
|
|
|
|
|
|
|
|
|
|
7 |
Related party transactions |
|
|
The company had the following transactions with related parties during the period. |
|
|
A) Assets acquired from Aspire Catering Limited for the purpose of letting under finance leases, during the period, at a cost of £3,564 (2022:£6,300). These assets were acquired at cost from Aspire Catering Limited, the holding company, and the amount owed by Aspire Catering Limited at the year end was £14,772. Management charges of £1,000 (2022:£1,000) were also charged by Aspire Catering Limited to the company during this period. B) The bank overdraft facilities are personally guaranteed by Mr. A. Muller to the sum of £10,000. |
|
|
8 |
Controlling party |
|
|
The directors consider the company's ultimate parent undertaking to be Aspire Catering Limited, a company incorporated in Great Britain. |
|
|
The ultimate controlling party is Mr. A. Muller. |
|
|
9 |
Other information |
|
|
Aspire Leasing Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
7 Cumplins Business Court, |
|
Dunleys Hill, |
|
Odiham, |
|
Hook, |
|
Hampshire, RG29 1DU. |