Company Registration No. 08164036 (England and Wales)
Aspire Carpentry and Joinery Ltd
Unaudited accounts
for the year ended 31 July 2024
Aspire Carpentry and Joinery Ltd
Unaudited accounts
Contents
Aspire Carpentry and Joinery Ltd
Company Information
for the year ended 31 July 2024
Company Number
08164036 (England and Wales)
Registered Office
1A Byron Close
Cheadle
Staffordshire
ST10 1XB
England
Accountants
James Accountancy Services Ltd
3 Waterloo Grove
Kidsgrove
Stoke-on-Trent
Staffordshire
ST7 4SY
Aspire Carpentry and Joinery Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
19,750
23,280
Cash at bank and in hand
65,670
50,439
Creditors: amounts falling due within one year
(72,183)
(67,698)
Net current liabilities
(5,963)
(16,859)
Total assets less current liabilities
13,787
6,421
Provisions for liabilities
Deferred tax
(3,752)
(4,423)
Called up share capital
10
10
Profit and loss account
10,025
1,988
Shareholders' funds
10,035
1,998
For the year ending 31 July 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 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 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 and authorised for issue on 17 March 2025 and were signed on its behalf by
Craig Simcock
Director
Company Registration No. 08164036
Aspire Carpentry and Joinery Ltd
Notes to the Accounts
for the year ended 31 July 2024
Aspire Carpentry and Joinery Ltd is a private company, limited by shares, registered in England and Wales, registration number 08164036. The registered office is 1A Byron Close, Cheadle, Staffordshire, ST10 1XB, 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 represents the value, net of discounts, of goods provided to customers and work carried out in respect of services provided to customers. The company was not registered for VAT during the year.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives (although Motor vehicles depreciation has been adjusted to take account of the increasing values of second hand commercial vehicles in the buoyant second hand car market):
Plant & machinery
15% reducing balance method.
Motor vehicles
20% reducing balance method.
Computer equipment
15% reducing balance method.
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
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 is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Aspire Carpentry and Joinery Ltd
Notes to the Accounts
for the year ended 31 July 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2023
19,932
12,500
2,107
34,539
At 31 July 2024
20,412
12,500
3,055
35,967
At 1 August 2023
7,732
2,500
1,027
11,259
Charge for the year
2,680
2,000
278
4,958
At 31 July 2024
10,412
4,500
1,305
16,217
At 31 July 2024
10,000
8,000
1,750
19,750
At 31 July 2023
12,200
10,000
1,080
23,280
5
Creditors: amounts falling due within one year
2024
2023
Trade creditors
7,430
1,572
Taxes and social security
3,494
3,063
Loans from directors
60,389
62,193
6
Deferred taxation
2024
2023
Accelerated capital allowances
3,752
4,423
Provision at start of year
4,423
3,496
(Credited)/charged to the profit and loss account
(671)
927
Provision at end of year
3,752
4,423
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).