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REGISTERED NUMBER: 05958756 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

AVSPIRE LIMITED

AVSPIRE LIMITED (REGISTERED NUMBER: 05958756)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AVSPIRE LIMITED

COMPANY INFORMATION
For The Year Ended 31 January 2024







DIRECTORS: D W Royds
D J Ashley





SECRETARY: D J Ashley





REGISTERED OFFICE: 1 Carnegie Road
Newbury
Berkshire
RG14 5DJ





REGISTERED NUMBER: 05958756 (England and Wales)





ACCOUNTANTS: Banks & Co Limited
Chartered Certified Accountants
1 Carnegie Road
Newbury
Berkshire
RG14 5DJ

AVSPIRE LIMITED (REGISTERED NUMBER: 05958756)

BALANCE SHEET
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,397 6,388

CURRENT ASSETS
Debtors 5 10,960 12,882
Cash at bank and in hand 108,473 69,047
119,433 81,929
CREDITORS
Amounts falling due within one year 6 44,990 19,724
NET CURRENT ASSETS 74,443 62,205
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,840

68,593

PROVISIONS FOR LIABILITIES 929 401
NET ASSETS 81,911 68,192

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 81,909 68,190
SHAREHOLDERS' FUNDS 81,911 68,192

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 directors acknowledge their 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 Board of Directors and authorised for issue on 16 October 2024 and were signed on its behalf by:





D J Ashley - Director


AVSPIRE LIMITED (REGISTERED NUMBER: 05958756)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 January 2024

1. STATUTORY INFORMATION

Avspire Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 05958756 and its registered office is 1 Carnegie Road, Newbury, Berkshire, RG14 5DJ.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

AVSPIRE LIMITED (REGISTERED NUMBER: 05958756)

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 42,079
Additions 7,312
At 31 January 2024 49,391
DEPRECIATION
At 1 February 2023 35,691
Charge for year 5,303
At 31 January 2024 40,994
NET BOOK VALUE
At 31 January 2024 8,397
At 31 January 2023 6,388

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,532 12,882
Other debtors 3,428 -
10,960 12,882

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 885 1,571
Taxation and social security 4,743 6,119
Other creditors 39,362 12,034
44,990 19,724

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

AVSPIRE LIMITED (REGISTERED NUMBER: 05958756)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
D J Ashley
Balance outstanding at start of year 483 763
Amounts advanced 2,850 -
Amounts repaid (908 ) (280 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,425 483

D W Royds
Balance outstanding at start of year 354 634
Amounts advanced 26,247 -
Amounts repaid (348 ) (280 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 26,253 354