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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
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Aspire Commercial Contractors Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
54,393 
45,614 
Investments
50,000 
- 
104,393 
45,614 
Current assets
Debtors
1,185,755 
1,068,512 
Cash at bank and in hand
164,245 
166,817 
1,350,000 
1,235,329 
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 
Capital and reserves
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
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Aspire Commercial Contractors Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
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 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
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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 
Depreciation
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 
Net book value
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
- 
Additions
50,000 
Valuation at 30 June 2024
50,000 
6
Debtors
2024 
2023 
£ 
£ 
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 
1,185,755 
1,068,512 
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 
Accruals
157,500 
- 
885,106 
816,800 
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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 
115,717 
172,618 
9
Share capital
2024 
2023 
£ 
£ 
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).
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