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Registration number: 15386912

Aspire Bath Limited

Annual Report and Unaudited Financial Statements

for the Period from 4 January 2024 to 31 January 2025

 

Aspire Bath Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Aspire Bath Limited

(Registration number: 15386912)
Balance Sheet as at 31 January 2025

Note

2025
£

Fixed assets

 

Tangible assets

4

42,513

Current assets

 

Debtors

5

118,777

Cash at bank and in hand

 

88,733

 

207,510

Creditors: Amounts falling due within one year

6

(92,051)

Net current assets

 

115,459

Total assets less current liabilities

 

157,972

Provisions for liabilities

(8,077)

Net assets

 

149,895

Capital and reserves

 

Called up share capital

102

Retained earnings

149,793

Shareholders' funds

 

149,895

For the financial period ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Aspire Bath Limited

(Registration number: 15386912)
Balance Sheet as at 31 January 2025

Approved and authorised by the Board on 19 May 2025 and signed on its behalf by:
 

.........................................
J Jackson
Director

.........................................
M Hansford
Director

.........................................
L Dix
Director

.........................................
E Grist
Director

 

Aspire Bath Limited

Notes to the Unaudited Financial Statements for the Period from 4 January 2024 to 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 6
New Rock Industrial Estate
Chilcompton
BATH
BA3 4JE

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Aspire Bath Limited

Notes to the Unaudited Financial Statements for the Period from 4 January 2024 to 31 January 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

20% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Aspire Bath Limited

Notes to the Unaudited Financial Statements for the Period from 4 January 2024 to 31 January 2025

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 4.

4

Tangible assets

Motor vehicles
 £

Total
£

Cost or valuation

Additions

53,141

53,141

At 31 January 2025

53,141

53,141

Depreciation

Charge for the period

10,628

10,628

At 31 January 2025

10,628

10,628

Net book value

At 31 January 2025

42,513

42,513

5

Debtors

2025
£

Trade debtors

91,092

Other debtors

21,296

Prepayments

6,389

118,777

6

Creditors

Amounts falling due within one year

Note

2025
£

Due within one year

 

Trade creditors

 

10,696

Amounts owed to group undertakings and undertakings in which the company has a participating interest

7

10,000

Taxation and social security

 

63,209

Accruals and deferred income

 

3,146

Other creditors

 

5,000

 

92,051

 

Aspire Bath Limited

Notes to the Unaudited Financial Statements for the Period from 4 January 2024 to 31 January 2025

7

Related party transactions

Summary of transactions with entities with joint control or significant interest

Jackson & Dix Roofing Limited
Subcontract labour and materials supplied

During the period the company received from the related party £395,342. At the period end the amount owed by the related party is £49,406.

During the period the company also paid the related party £15,477 for services and materials provided. At the year end the amount owed to the related party is £2,752.