Aspire Life Care Limited |
Notes to the Accounts |
for the year ended 31 October 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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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). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
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Intangible fixed assets |
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Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
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Tangible fixed assets |
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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: |
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Freehold buildings |
25% reducing balance method |
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Fixtures, fittings, tools and equipment |
25% reducing balance method |
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Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
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Pensions |
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Contributions to defined contribution plans are expensed in the period to which they relate. |
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2 |
Government grant received |
2023 |
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2022 |
£ |
£ |
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01/11/2021 - brought forward |
1,516 |
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18/02/2022 - Workforce grant 1 |
1,652 |
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18/03/2022 - Workforce grant 2 |
2,408 |
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22/03/2022 - ICF grant 5 |
7,700 |
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- |
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13,276 |
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3 |
Employees |
2023 |
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2022 |
Number |
Number |
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Average number of persons employed by the company |
16 |
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16 |
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4 |
Intangible fixed assets |
£ |
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Goodwill: |
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Cost |
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At 1 November 2022 |
100,000 |
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At 31 October 2023 |
100,000 |
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Amortisation |
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At 1 November 2022 |
32,000 |
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Provided during the year |
4,000 |
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At 31 October 2023 |
36,000 |
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Net book value |
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At 31 October 2023 |
64,000 |
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At 31 October 2022 |
68,000 |
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Goodwill is being written off in equal annual instalments over its estimated economic life of 25 years. |
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5 |
Tangible fixed assets |
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Land and buildings |
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Equipment, fixtures & fittings |
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Total |
£ |
£ |
£ |
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Cost |
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At 1 November 2022 |
13,755 |
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30,491 |
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44,246 |
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At 31 October 2023 |
13,755 |
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30,491 |
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44,246 |
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Depreciation |
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At 1 November 2022 |
3,439 |
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24,648 |
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28,087 |
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Charge for the year |
2,579 |
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1,461 |
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4,040 |
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At 31 October 2023 |
6,018 |
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26,109 |
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32,127 |
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Net book value |
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At 31 October 2023 |
7,737 |
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4,382 |
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12,119 |
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At 31 October 2022 |
10,316 |
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5,843 |
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16,159 |
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6 |
Debtors |
2023 |
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2022 |
£ |
£ |
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Other debtors |
21,784 |
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7,588 |
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21,784 |
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7,588 |
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7 |
Creditors: amounts falling due within one year |
2023 |
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2022 |
£ |
£ |
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Trade creditors |
38 |
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- |
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Taxation and social security costs |
22,322 |
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28,560 |
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Director's account |
1,115 |
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8,781 |
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Other creditors |
23,929 |
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19,812 |
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Accruals |
139 |
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(581) |
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47,543 |
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56,572 |
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8 |
Controlling party |
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The controlling party is the director of the company Mr N M K Kuruppuarachchi. |
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9 |
Other information |
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Aspire Life Care Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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Westdene House |
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1 Rye Close |
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Worthing |
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West Sussex |
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BN11 5EG |