1 October 2023 false No description of principal activity Taxfiler 2024.6 SC607894business:PrivateLimitedCompanyLtd2023-10-012024-09-30 SC6078942023-09-30 SC6078942023-10-012024-09-30 SC607894business:AuditExemptWithAccountantsReport2023-10-012024-09-30 SC607894business:AbridgedAccounts2023-10-012024-09-30 SC6078942024-09-30 SC607894business:Director12023-10-012024-09-30 SC607894business:Director22023-10-012024-09-30 SC607894business:RegisteredOffice2023-10-012024-09-30 SC6078942023-09-30 SC607894core:WithinOneYear2024-09-30 SC607894core:WithinOneYear2023-09-30 SC607894core:ShareCapitalcore:PreviouslyStatedAmount2024-09-30 SC607894core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 SC607894core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-09-30 SC607894core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 SC607894core:PreviouslyStatedAmount2024-09-30 SC607894core:PreviouslyStatedAmount2023-09-30 SC607894business:SmallEntities2023-10-012024-09-30 SC607894countries:Scotland2023-10-012024-09-30 SC607894core:FurnitureFittings2023-10-012024-09-30 SC6078942022-10-012023-09-30 iso4217:GBP xbrli:pure
Company Registration No. SC607894 (Scotland)
Aspire Highland Ltd Unaudited accounts for the year ended 30 September 2024
Aspire Highland Ltd Unaudited accounts Contents
Page
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Aspire Highland Ltd Company Information for the year ended 30 September 2024
Directors
Michael O'Connell Stephanie O'Connell
Company Number
SC607894 (Scotland)
Registered Office
Dunglass Cottage Dunglass Road Maryburgh IV7 8EQ
Accountants
CMM Accountancy (Inverness) Limited The Green House Beechwood Business Park North Inverness IV2 3BL
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Aspire Highland Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
47 
124 
Current assets
Debtors
13,485 
5,041 
Cash at bank and in hand
56,911 
64,015 
70,396 
69,056 
Creditors: amounts falling due within one year
(13,962)
(23,772)
Net current assets
56,434 
45,284 
Net assets
56,481 
45,408 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
56,479 
45,406 
Shareholders' funds
56,481 
45,408 
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2024 and were signed on its behalf by
Michael O'Connell Director Company Registration No. SC607894
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Aspire Highland Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Aspire Highland Ltd is a private company, limited by shares, registered in Scotland, registration number SC607894. The registered office is Dunglass Cottage, Dunglass Road, Maryburgh, IV7 8EQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Aspire Highland Ltd Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 October 2023
656 
At 30 September 2024
656 
Depreciation
At 1 October 2023
532 
Charge for the year
77 
At 30 September 2024
609 
Net book value
At 30 September 2024
47 
At 30 September 2023
124 
5
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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