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REGISTERED NUMBER: 10928316 (England and Wales)















ASPIRE PAINTING CONTRACTORS LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024






ASPIRE PAINTING CONTRACTORS LIMITED (REGISTERED NUMBER: 10928316)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASPIRE PAINTING CONTRACTORS LIMITED

COMPANY INFORMATION
for the Year Ended 31 August 2024







DIRECTOR: R King





REGISTERED OFFICE: 4 St James Court
Bridgnorth Road
Wollaston
Stourbridge
West Midlands
DY8 3QG





REGISTERED NUMBER: 10928316 (England and Wales)





ACCOUNTANTS: Morley Haswell Consultants Ltd
Chartered Accountants
4 St James Court
Bridgnorth Road
Wollaston
Stourbridge
West Midlands
DY8 3QG

ASPIRE PAINTING CONTRACTORS LIMITED (REGISTERED NUMBER: 10928316)

BALANCE SHEET
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 73,183 90,367

CURRENT ASSETS
Debtors 5 291,372 107,325
Cash at bank 754,079 805,713
1,045,451 913,038
CREDITORS
Amounts falling due within one year 6 297,138 401,810
NET CURRENT ASSETS 748,313 511,228
TOTAL ASSETS LESS CURRENT
LIABILITIES

821,496

601,595

CREDITORS
Amounts falling due after more than one
year

7

79,916

704
NET ASSETS 741,580 600,891

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 741,579 600,890
741,580 600,891

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ASPIRE PAINTING CONTRACTORS LIMITED (REGISTERED NUMBER: 10928316)

BALANCE SHEET - continued
31 August 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 May 2025 and were signed by:





R King - Director


ASPIRE PAINTING CONTRACTORS LIMITED (REGISTERED NUMBER: 10928316)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Aspire Painting Contractors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

ASPIRE PAINTING CONTRACTORS LIMITED (REGISTERED NUMBER: 10928316)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 153,984
Additions 20,124
Disposals (37,125 )
At 31 August 2024 136,983
DEPRECIATION
At 1 September 2023 63,617
Charge for year 25,562
Eliminated on disposal (25,379 )
At 31 August 2024 63,800
NET BOOK VALUE
At 31 August 2024 73,183
At 31 August 2023 90,367

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 September 2023 146,817
Additions 20,124
Disposals (37,125 )
At 31 August 2024 129,816
DEPRECIATION
At 1 September 2023 57,616
Charge for year 24,396
Eliminated on disposal (25,379 )
At 31 August 2024 56,633
NET BOOK VALUE
At 31 August 2024 73,183
At 31 August 2023 89,201

ASPIRE PAINTING CONTRACTORS LIMITED (REGISTERED NUMBER: 10928316)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 112,960 106,953
Amounts owed by participating interests 178,162 -
Other debtors 250 372
291,372 107,325

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 12,875 107,091
Trade creditors 46,994 23,410
Taxation and social security 65,951 84,882
Other creditors 171,318 186,427
297,138 401,810

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 79,916 704