Acorah Software Products - Accounts Production 16.1.300 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 08607164 Mr Antony Kensington iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08607164 2023-09-30 08607164 2024-09-30 08607164 2023-10-01 2024-09-30 08607164 frs-core:CurrentFinancialInstruments 2024-09-30 08607164 frs-core:Non-currentFinancialInstruments 2024-09-30 08607164 frs-core:ComputerEquipment 2024-09-30 08607164 frs-core:ComputerEquipment 2023-10-01 2024-09-30 08607164 frs-core:ComputerEquipment 2023-09-30 08607164 frs-core:FurnitureFittings 2023-10-01 2024-09-30 08607164 frs-core:NetGoodwill 2024-09-30 08607164 frs-core:NetGoodwill 2023-10-01 2024-09-30 08607164 frs-core:NetGoodwill 2023-09-30 08607164 frs-core:MotorVehicles 2024-09-30 08607164 frs-core:MotorVehicles 2023-10-01 2024-09-30 08607164 frs-core:MotorVehicles 2023-09-30 08607164 frs-core:PlantMachinery 2023-10-01 2024-09-30 08607164 frs-core:ShareCapital 2024-09-30 08607164 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 08607164 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08607164 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 08607164 frs-bus:SmallEntities 2023-10-01 2024-09-30 08607164 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 08607164 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 08607164 frs-bus:Director1 2023-10-01 2024-09-30 08607164 frs-bus:Director1 2023-09-30 08607164 frs-bus:Director1 2024-09-30 08607164 frs-countries:EnglandWales 2023-10-01 2024-09-30 08607164 2022-09-30 08607164 2023-09-30 08607164 2022-10-01 2023-09-30 08607164 frs-core:CurrentFinancialInstruments 2023-09-30 08607164 frs-core:Non-currentFinancialInstruments 2023-09-30 08607164 frs-core:ShareCapital 2023-09-30 08607164 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 08607164
Aspirations Accountancy Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Aspirations Accountancy Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08607164
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 11,413 23,813
Tangible Assets 5 9,583 13,234
20,996 37,047
CURRENT ASSETS
Debtors 6 14,580 19,237
Cash at bank and in hand 158,892 152,579
173,472 171,816
Creditors: Amounts Falling Due Within One Year 7 (105,622 ) (106,377 )
NET CURRENT ASSETS (LIABILITIES) 67,850 65,439
TOTAL ASSETS LESS CURRENT LIABILITIES 88,846 102,486
Creditors: Amounts Falling Due After More Than One Year 8 (39,487 ) (42,719 )
NET ASSETS 49,359 59,767
CAPITAL AND RESERVES
Called up share capital 9 300 300
Profit and Loss Account 49,059 59,467
SHAREHOLDERS' FUNDS 49,359 59,767
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Antony Kensington
Director
10/02/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Aspirations Accountancy Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08607164 . The registered office is The 1921 Building, East Malling Business Centre, New Road, East Malling, Kent, ME19 6BJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Straight Line
Motor Vehicles 20% Straight Line
Fixtures & Fittings 10% Straight Line
Computer Equipment 33% Straight Line
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 84,979
Disposals (30,000 )
As at 30 September 2024 54,979
Amortisation
As at 1 October 2023 61,166
Provided during the period 2,400
Disposals (20,000 )
As at 30 September 2024 43,566
Net Book Value
As at 30 September 2024 11,413
As at 1 October 2023 23,813
5. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 October 2023 15,607 2,928 18,535
As at 30 September 2024 15,607 2,928 18,535
Depreciation
As at 1 October 2023 3,122 2,179 5,301
Provided during the period 3,151 500 3,651
As at 30 September 2024 6,273 2,679 8,952
Net Book Value
As at 30 September 2024 9,334 249 9,583
As at 1 October 2023 12,485 749 13,234
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 12,763 11,832
Prepayments and accrued income - 1,319
VAT 1,817 6,086
14,580 19,237
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,912 1,996
Bank loans and overdrafts 4,518 5,805
Other taxes and social security 1,256 1,184
Net wages 1,659 1,659
Other creditors 518 706
Accruals and deferred income 6,401 6,401
Director's loan account 88,358 88,626
105,622 106,377
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 23,880 27,112
Other loans 15,607 15,607
39,487 42,719
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 300 300
10. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from the director:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mr Antony Kensington 88,626 2,092 2,360 - 88,358
The above loan is unsecured, interest free and repayable on demand.
Page 5