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REGISTERED NUMBER: 10913097 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Aspire Business Pship Ltd

Aspire Business Pship Ltd (Registered number: 10913097)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aspire Business Pship Ltd

Company Information
for the year ended 31 March 2024







DIRECTORS: Mrs D D Nolan
A F Nolan





REGISTERED OFFICE: Seneca House
Buntsford Park Road
Bromsgrove
Worcestershire
B60 3DX





REGISTERED NUMBER: 10913097 (England and Wales)





ACCOUNTANTS: Pinfields Limited
Chartered Accountants
Meryll House
57 Worcester Road
Bromsgrove
Worcestershire
B61 7DN

Aspire Business Pship Ltd (Registered number: 10913097)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 609,059 752,368
Tangible assets 5 - 1,488
609,059 753,856

CURRENT ASSETS
Debtors 6 69,281 48,696
Cash at bank 1,961,034 1,421,867
2,030,315 1,470,563
CREDITORS
Amounts falling due within one year 7 339,420 143,192
NET CURRENT ASSETS 1,690,895 1,327,371
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,299,954

2,081,227

PROVISIONS FOR LIABILITIES 8 - 372
NET ASSETS 2,299,954 2,080,855

CAPITAL AND RESERVES
Called up share capital 9 1,001 1,001
Retained earnings 2,298,953 2,079,854
SHAREHOLDERS' FUNDS 2,299,954 2,080,855

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Aspire Business Pship Ltd (Registered number: 10913097)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2024 and were signed on its behalf by:





Mrs D D Nolan - Director


Aspire Business Pship Ltd (Registered number: 10913097)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Aspire Business Pship 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Aspire Business Pship Ltd (Registered number: 10913097)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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 6 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 1,433,086
AMORTISATION
At 1 April 2023 680,718
Charge for year 143,309
At 31 March 2024 824,027
NET BOOK VALUE
At 31 March 2024 609,059
At 31 March 2023 752,368

Aspire Business Pship Ltd (Registered number: 10913097)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 23,668
DEPRECIATION
At 1 April 2023 22,180
Charge for year 1,488
At 31 March 2024 23,668
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 1,488

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 43,313 16,224
Other debtors 25,968 32,472
69,281 48,696

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 12,572 33,520
Taxation and social security 206,441 102,348
Other creditors 120,407 7,324
339,420 143,192

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax - 372

Aspire Business Pship Ltd (Registered number: 10913097)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 372
Utilised during year (372 )
Balance at 31 March 2024 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 B Ordinary share 1 1 1
1,000 A Ordinary shares of £1 each 1 1,000 1,000
1,001 1,001

10. OTHER FINANCIAL COMMITMENTS

At the year end the company had lease commitments of £21,750 (2023: £50,750)

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.24 31.3.23
£    £   
Mrs D D Nolan
Balance outstanding at start of year 345 -
Amounts advanced - 345
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 345 345

Aspire Business Pship Ltd (Registered number: 10913097)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

A F Nolan
Balance outstanding at start of year 345 -
Amounts advanced - 345
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 345 345

The directors loan account was repaid within 9 months.