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Company No: 12013151 (England and Wales)

ASPIRE ASSOCIATES LIMITED

Unaudited Financial Statements
For the financial year ended 31 May 2025
Pages for filing with the registrar

ASPIRE ASSOCIATES LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2025

Contents

ASPIRE ASSOCIATES LIMITED

COMPANY INFORMATION

For the financial year ended 31 May 2025
ASPIRE ASSOCIATES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 May 2025
DIRECTORS Christopher Neil Metcalfe
Susan Metcalfe
REGISTERED OFFICE Wheatlands House Boroughbridge Road
Upper Poppleton
York
YO26 6QD
United Kingdom
COMPANY NUMBER 12013151 (England and Wales)
ACCOUNTANT Jones & Co of York Ltd
Wellington House
Aviator Court
York
YO30 4UZ
United Kingdom
ASPIRE ASSOCIATES LIMITED

BALANCE SHEET

As at 31 May 2025
ASPIRE ASSOCIATES LIMITED

BALANCE SHEET (continued)

As at 31 May 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 187 280
187 280
Current assets
Stocks 4 18,670 10,463
Debtors 5 150,962 1,377
Cash at bank and in hand 6 366,296 519,422
535,928 531,262
Creditors: amounts falling due within one year 7 ( 64,935) ( 46,855)
Net current assets 470,993 484,407
Total assets less current liabilities 471,180 484,687
Net assets 471,180 484,687
Capital and reserves
Called-up share capital 8 4 4
Profit and loss account 471,176 484,683
Total shareholders' funds 471,180 484,687

For the financial year ending 31 May 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Aspire Associates Limited (registered number: 12013151) were approved and authorised for issue by the Board of Directors on 08 July 2025. They were signed on its behalf by:

Christopher Neil Metcalfe
Director
ASPIRE ASSOCIATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2025
ASPIRE ASSOCIATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Aspire Associates Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Wheatlands House Boroughbridge Road, Upper Poppleton, York, YO26 6QD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 June 2024 2,736 2,736
At 31 May 2025 2,736 2,736
Accumulated depreciation
At 01 June 2024 2,456 2,456
Charge for the financial year 93 93
At 31 May 2025 2,549 2,549
Net book value
At 31 May 2025 187 187
At 31 May 2024 280 280

4. Stocks

2025 2024
£ £
Work in progress 18,670 10,463

5. Debtors

2025 2024
£ £
Amounts owed by Group undertakings 150,000 0
Other debtors 962 1,377
150,962 1,377

6. Cash and cash equivalents

2025 2024
£ £
Cash at bank and in hand 366,296 519,422

7. Creditors: amounts falling due within one year

2025 2024
£ £
Taxation and social security 23,071 18,060
Other creditors 41,864 28,795
64,935 46,855

8. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
4 Ordinary shares of £ 1.00 each 4 4