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REGISTERED NUMBER: 10561623 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

ASPIRE ELECTRICAL & AV LTD

ASPIRE ELECTRICAL & AV LTD (REGISTERED NUMBER: 10561623)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ASPIRE ELECTRICAL & AV LTD

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTOR: J W Booth





REGISTERED OFFICE: 1 Beechwood Lane
Heathfield
TN21 8QQ





REGISTERED NUMBER: 10561623 (England and Wales)





ACCOUNTANTS: H & E Johnson
Chartered Accountants
Sandall House
230 High Street
Herne Bay
Kent
CT6 5AX

ASPIRE ELECTRICAL & AV LTD (REGISTERED NUMBER: 10561623)

STATEMENT OF FINANCIAL POSITION
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,864 2,552

CURRENT ASSETS
Stocks 275 325
Debtors 5 11,156 18,709
Cash at bank 20,079 38,307
31,510 57,341
CREDITORS
Amounts falling due within one year 6 16,044 36,572
NET CURRENT ASSETS 15,466 20,769
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,330

23,321

PROVISIONS FOR LIABILITIES 354 485
NET ASSETS 16,976 22,836

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 16,876 22,736
SHAREHOLDERS' FUNDS 16,976 22,836

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 April 2024 and were signed by:



J W Booth - Director


ASPIRE ELECTRICAL & AV LTD (REGISTERED NUMBER: 10561623)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Aspire Electrical & AV Ltd 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.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

ASPIRE ELECTRICAL & AV LTD (REGISTERED NUMBER: 10561623)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 9,394
DEPRECIATION
At 1 February 2023 6,842
Charge for year 688
At 31 January 2024 7,530
NET BOOK VALUE
At 31 January 2024 1,864
At 31 January 2023 2,552

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 569 340
Other debtors 10,587 18,369
11,156 18,709

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 18 41
Taxation and social security 4,639 4,767
Other creditors 11,387 31,764
16,044 36,572