Company Registration No. 07269032 (England and Wales)
Aspire Commercial Contractors Ltd
Unaudited accounts
for the year ended 30 June 2024
Aspire Commercial Contractors Ltd
Company Information
for the year ended 30 June 2024
Directors
Mr D Argent
Mr S Clark
Company Number
07269032 (England and Wales)
Registered Office
Aspire Commercial Contractors Ltd
17 Trowers Way
Redhill
Surrey
RH1 2LH
England
Aspire Commercial Contractors Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
54,393
45,614
Debtors
1,185,755
1,068,512
Cash at bank and in hand
164,245
166,817
Creditors: amounts falling due within one year
(885,106)
(816,800)
Net current assets
464,894
418,529
Total assets less current liabilities
569,287
464,143
Creditors: amounts falling due after more than one year
(115,717)
(172,618)
Net assets
453,570
291,525
Called up share capital
100
100
Profit and loss account
453,470
291,425
Shareholders' funds
453,570
291,525
For the year ending 30 June 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 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 3 February 2025 and were signed on its behalf by
Mr S Clark
Director
Company Registration No. 07269032
Aspire Commercial Contractors Ltd
Notes to the Accounts
for the year ended 30 June 2024
Aspire Commercial Contractors Ltd is a private company, limited by shares, registered in England and Wales, registration number 07269032. The registered office is Aspire Commercial Contractors Ltd, 17 Trowers Way, Redhill, Surrey, RH1 2LH, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
straight line basis over 3 years
Motor vehicles
straight line basis over 5 years
Fixtures & fittings
straight line basis over 5 years
Computer equipment
straight line basis over 2 years
Aspire Commercial Contractors Ltd
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 July 2023
3,013
103,585
1,646
5,347
113,591
Additions
2,040
31,340
246
1,356
34,982
Disposals
-
(13,495)
-
-
(13,495)
At 30 June 2024
5,053
121,430
1,892
6,703
135,078
At 1 July 2023
2,759
60,433
719
4,066
67,977
Charge for the year
493
10,586
352
1,277
12,708
At 30 June 2024
3,252
71,019
1,071
5,343
80,685
At 30 June 2024
1,801
50,411
821
1,360
54,393
At 30 June 2023
254
43,152
927
1,281
45,614
5
Investments
Other investments
Valuation at 1 July 2023
-
Valuation at 30 June 2024
50,000
Amounts falling due within one year
Trade debtors
882,031
804,736
Accrued income and prepayments
3,600
103,000
Other debtors
300,124
160,776
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
48,011
46,612
Obligations under finance leases and hire purchase contracts
5,400
9,249
Trade creditors
237,425
320,848
Taxes and social security
363,581
326,273
Other creditors
73,189
113,818
Aspire Commercial Contractors Ltd
Notes to the Accounts
for the year ended 30 June 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
104,467
153,728
Obligations under finance leases and hire purchase contracts
11,250
18,890
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 8 (2023: 8).