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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
Page
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Aspire Carpentry and Joinery Ltd Company Information for the year ended 31 July 2024
Director
Craig Simcock
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
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Aspire Carpentry and Joinery Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,750 
23,280 
Current assets
Inventories
550 
400 
Cash at bank and in hand
65,670 
50,439 
66,220 
50,839 
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)
Net assets
10,035 
1,998 
Capital and reserves
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
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Aspire Carpentry and Joinery Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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 taxation
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.
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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 
Additions
480 
- 
948 
1,428 
At 31 July 2024
20,412 
12,500 
3,055 
35,967 
Depreciation
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 
Net book value
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 
Accruals
870 
870 
72,183 
67,698 
6
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
3,752 
4,423 
2024 
2023 
£ 
£ 
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 
7
Share capital
2024 
2023 
£ 
£ 
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).
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