Acorah Software Products - Accounts Production 16.1.300 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 09183151 Mr S J Foster Dr C L Foster iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09183151 2023-08-31 09183151 2024-08-31 09183151 2023-09-01 2024-08-31 09183151 frs-core:CurrentFinancialInstruments 2024-08-31 09183151 frs-core:BetweenOneFiveYears 2024-08-31 09183151 frs-core:ComputerEquipment 2024-08-31 09183151 frs-core:ComputerEquipment 2023-09-01 2024-08-31 09183151 frs-core:ComputerEquipment 2023-08-31 09183151 frs-core:WithinOneYear 2024-08-31 09183151 frs-core:ShareCapital 2024-08-31 09183151 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 09183151 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09183151 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 09183151 frs-bus:SmallEntities 2023-09-01 2024-08-31 09183151 frs-bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 09183151 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 09183151 frs-bus:Director1 2023-09-01 2024-08-31 09183151 frs-bus:Director2 2023-09-01 2024-08-31 09183151 frs-countries:EnglandWales 2023-09-01 2024-08-31 09183151 2022-08-31 09183151 2023-08-31 09183151 2022-09-01 2023-08-31 09183151 frs-core:CurrentFinancialInstruments 2023-08-31 09183151 frs-core:BetweenOneFiveYears 2023-08-31 09183151 frs-core:WithinOneYear 2023-08-31 09183151 frs-core:ShareCapital 2023-08-31 09183151 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 09183151
Aspire Psychology Associates Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Company Information 1
Accountant's Report 2
Balance Sheet 3—4
Notes to the Financial Statements 5—7
Page 1
Company Information
Directors Mr S J Foster
Dr C L Foster
Company Number 09183151
Registered Office Hanover Buildings
11-13 Hanover Street
Liverpool
Merseyside
L1 3DN
Accountants ERC Accountants & Business Advisers Limited
Chartered Accountants
Hanover Buildings, 11-13 Hanover Street
Liverpool
Merseyside
L1 3DN
Page 1
Page 2
Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Aspire Psychology Associates Ltd For The Year Ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Aspire Psychology Associates Ltd For The Year Ended 31 August 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Aspire Psychology Associates Ltd , as a body, in accordance with the terms of our engagement letter dated 30 July 2024. Our work has been undertaken solely to prepare for your approval the accounts of Aspire Psychology Associates Ltd and state those matters that we have agreed to state to the directors of Aspire Psychology Associates Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aspire Psychology Associates Ltd and its directors, as a body, for our work or for this report.
It is your duty to ensure that Aspire Psychology Associates Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Aspire Psychology Associates Ltd . You consider that Aspire Psychology Associates Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Aspire Psychology Associates Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
ERC Accountants & Business Advisors
28 February 2025
ERC Accountants & Business Advisers Limited
Chartered Accountants
Hanover Buildings, 11-13 Hanover Street
Liverpool
Merseyside
L1 3DN
Page 2
Page 3
Balance Sheet
Registered number: 09183151
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 997 682
997 682
CURRENT ASSETS
Debtors 5 46,043 43,963
Cash at bank and in hand 157,648 180,171
203,691 224,134
Creditors: Amounts Falling Due Within One Year 6 (75,615 ) (102,355 )
NET CURRENT ASSETS (LIABILITIES) 128,076 121,779
TOTAL ASSETS LESS CURRENT LIABILITIES 129,073 122,461
PROVISIONS FOR LIABILITIES
Deferred Taxation (249 ) (171 )
NET ASSETS 128,824 122,290
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 128,822 122,288
SHAREHOLDERS' FUNDS 128,824 122,290
Page 3
Page 4
For the year ending 31 August 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.
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 S J Foster
Director
28 February 2025
The notes on pages 5 to 7 form part of these financial statements.
Page 4
Page 5
Notes to the Financial Statements
1. General Information
Aspire Psychology Associates Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09183151 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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. Tangible Fixed Assets and Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent 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:
Computer equipment 25% Reducing balance
2.4. Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
2.5. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 5
Page 6
4. Tangible Assets
Computer equipment
£
Cost
As at 1 September 2023 1,868
Additions 648
As at 31 August 2024 2,516
Depreciation
As at 1 September 2023 1,186
Provided during the period 333
As at 31 August 2024 1,519
Net Book Value
As at 31 August 2024 997
As at 1 September 2023 682
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,493 28,442
Prepayments and accrued income 550 521
Other debtors 40,000 15,000
46,043 43,963
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 3,979 29,322
Other taxes and social security 915 -
Accruals and deferred income 1,486 1,294
Directors' loan accounts 69,235 71,739
75,615 102,355
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 6
Page 7
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 7,601 -
Later than one year and not later than five years 20,269 -
27,870 -
10. Directors Advances, Credits and Guarantees
No director received advances, credits or guarantees during the current or previous accounting periods.
11. Related Party Transactions
The following related party transactions were undertaken during the year:
Dividends were paid to directors and shareholders in respect of their shareholdings totalling £5,000 (2023: £5,000).
During the period a director introduced capital of £16,123 (2023: £22,426) and issued dividends of £5,000 (2023: £5,000) with drawings made of £23,627 (2023: £nil). At the balance sheet date the amounts owed to the director totalled £69,235 (2023: £71,739).
The aggregate remuneration paid to key management personnel for the year was £23,135 (2023: £9,100).
No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
Page 7