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REGISTERED NUMBER: 06259120 (England and Wales)












Financial Statements

for the Year Ended 31 May 2024

for

Aspire Joinery Limited

Aspire Joinery Limited (Registered number: 06259120)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Aspire Joinery Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: R J Lewis





REGISTERED OFFICE: 1 Park Avenue
Golborne
Warrington
WA3 3ST





REGISTERED NUMBER: 06259120 (England and Wales)





ACCOUNTANTS: Archwood Accountants
Archwood House
46-48 Long Street
Middleton
Manchester
M24 6UQ

Aspire Joinery Limited (Registered number: 06259120)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 74,862 44,205

CURRENT ASSETS
Debtors 5 238,802 995
Cash at bank and in hand 60,478 402,345
299,280 403,340
CREDITORS
Amounts falling due within one year 6 98,291 161,366
NET CURRENT ASSETS 200,989 241,974
TOTAL ASSETS LESS CURRENT
LIABILITIES

275,851

286,179

PROVISIONS FOR LIABILITIES 18,716 11,052
NET ASSETS 257,135 275,127

CAPITAL AND RESERVES
Called up share capital 7 50 100
Retained earnings 8 257,085 275,027
SHAREHOLDERS' FUNDS 257,135 275,127

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 4 February 2025 and were signed by:




R J Lewis - Director


Aspire Joinery Limited (Registered number: 06259120)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Aspire Joinery Limited 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 - 25% on reducing balance
Motor vehicles - 25% on cost

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 ) .

Aspire Joinery Limited (Registered number: 06259120)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2023 24,353 98,263 122,616
Additions - 89,957 89,957
Disposals - (75,039 ) (75,039 )
At 31 May 2024 24,353 113,181 137,534
DEPRECIATION
At 1 June 2023 7,974 70,437 78,411
Charge for year 2,457 20,314 22,771
Eliminated on disposal - (38,510 ) (38,510 )
At 31 May 2024 10,431 52,241 62,672
NET BOOK VALUE
At 31 May 2024 13,922 60,940 74,862
At 31 May 2023 16,379 27,826 44,205

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 238,802 995

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 21,012 19,641
Tax 57,665 57,048
Social security and other taxes 9,056 34,092
Other creditors 9,155 20,238
Directors' current accounts 603 19,547
Accrued expenses 800 10,800
98,291 161,366

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1 50 100

Aspire Joinery Limited (Registered number: 06259120)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. RESERVES
Retained
earnings
£   

At 1 June 2023 275,027
Profit for the year 191,008
Dividends (34,000 )
Purchase of own shares (174,950 )
At 31 May 2024 257,085