Acorah Software Products - Accounts Production 16.2.800 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 04503423 Mr James Whittle Mrs Claire Whittle iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04503423 2023-08-31 04503423 2024-08-31 04503423 2023-09-01 2024-08-31 04503423 frs-core:CurrentFinancialInstruments 2024-08-31 04503423 frs-core:PlantMachinery 2024-08-31 04503423 frs-core:PlantMachinery 2023-09-01 2024-08-31 04503423 frs-core:PlantMachinery 2023-08-31 04503423 frs-core:ShareCapital 2024-08-31 04503423 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 04503423 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 04503423 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 04503423 frs-bus:SmallEntities 2023-09-01 2024-08-31 04503423 frs-bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 04503423 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 04503423 frs-bus:Director1 2023-09-01 2024-08-31 04503423 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 04503423 frs-countries:EnglandWales 2023-09-01 2024-08-31 04503423 2022-08-31 04503423 2023-08-31 04503423 2022-09-01 2023-08-31 04503423 frs-core:CurrentFinancialInstruments 2023-08-31 04503423 frs-core:ShareCapital 2023-08-31 04503423 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 04503423
The Aspiration Company (UK) Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Quest Accounting Services Limited
Contents
Page
Accountant's Report 1
Balance Sheet 2
Notes to the Financial Statements 3—4
Page 1
Accountant's Report
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Aspiration Company (UK) Limited for the year ended year which comprise the Profit and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.
This report is made solely to the director of The Aspiration Company (UK) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Aspiration Company (UK) Limited and state those matters that we have agreed to state to the director of The Aspiration Company (UK) Limited in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.
It is your duty to ensure that The Aspiration Company (UK) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Aspiration Company (UK) Limited . You consider that The Aspiration Company (UK) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of The Aspiration Company (UK) Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Quest Accounting Services Limited
31st May 2025
Page 1
Page 2
Balance Sheet
Registered number: 04503423
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 502
- 502
CURRENT ASSETS
Debtors 5 732 2,362
Cash at bank and in hand 30,780 42,519
31,512 44,881
Creditors: Amounts Falling Due Within One Year 6 (21,018 ) (16,589 )
NET CURRENT ASSETS (LIABILITIES) 10,494 28,292
TOTAL ASSETS LESS CURRENT LIABILITIES 10,494 28,794
NET ASSETS 10,494 28,794
CAPITAL AND RESERVES
Called up share capital 7 3 3
Profit and Loss Account 10,491 28,791
SHAREHOLDERS' FUNDS 10,494 28,794
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr James Whittle
Director
31st May 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Aspiration Company (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04503423 . The registered office is 20 Chantry Rise , OLNEY, MK46 5FE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 4 Years Straight Line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 September 2023 2,606
As at 31 August 2024 2,606
Depreciation
As at 1 September 2023 2,104
Provided during the period 502
As at 31 August 2024 2,606
...CONTINUED
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Page 4
Net Book Value
As at 31 August 2024 -
As at 1 September 2023 502
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 732 2,295
VAT - 67
732 2,362
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security 205 186
VAT 725 -
Director's loan account 20,088 16,403
21,018 16,589
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
8. Directors Advances, Credits and Guarantees
At the balance sheet date, the company owed £20,088 (2023: £16,403) to its directors. This loan is unsecured, interest free and repayable on demand.
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