ASPIRE IN THE COMMUNITY LTD

Company Registration Number:
06898236 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

ASPIRE IN THE COMMUNITY LTD

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

ASPIRE IN THE COMMUNITY LTD

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Fixed assets
Tangible assets: 3 2,569,653 2,445,973
Investments: 4 300 300
Total fixed assets: 2,569,953 2,446,273
Current assets
Debtors:   385,309 514,207
Cash at bank and in hand: 721,058 276,223
Total current assets: 1,106,367 790,430
Creditors: amounts falling due within one year: 5 (1,268,004) (655,039)
Net current assets (liabilities): (161,637) 135,391
Total assets less current liabilities: 2,408,316 2,581,664
Creditors: amounts falling due after more than one year: 6 (570,623) (913,266)
Provision for liabilities: (56,814) (43,179)
Total net assets (liabilities): 1,780,879 1,625,219
Capital and reserves
Called up share capital: 10,800 10,800
Share premium account: 3,768 3,768
Other reserves: 500,000 650,000
Profit and loss account: 1,266,311 960,651
Shareholders funds: 1,780,879 1,625,219

The notes form part of these financial statements

ASPIRE IN THE COMMUNITY LTD

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 September 2025
and signed on behalf of the board by:

Name: Abdul Sattar
Status: Director

The notes form part of these financial statements

ASPIRE IN THE COMMUNITY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

ASPIRE IN THE COMMUNITY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 113 97

ASPIRE IN THE COMMUNITY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 3,596,811
Additions 264,671
Disposals (63,698)
At 31 December 2024 3,797,784
Depreciation
At 01 January 2024 1,150,838
Charge for year 135,586
On disposals (58,293)
At 31 December 2024 1,228,131
Net book value
At 31 December 2024 2,569,653
At 31 December 2023 2,445,973

ASPIRE IN THE COMMUNITY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Fixed investments

£300 Shares

ASPIRE IN THE COMMUNITY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Creditors: amounts falling due within one year note

Creditors: amounts falling due within one year 2024 2023 £ £ Bank loans 405,303 27,782 Obligations under finance lease and hire purchase contracts 52,892 9,417 Trade creditors 73,634 97,943 Corporation tax 157,989 90,143 Other taxes and social security costs 290,495 259,361 Other creditors 266,464 157,962 Accruals and deferred income 21,227 12,431

ASPIRE IN THE COMMUNITY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Creditors: amounts falling due after more than one year note

Creditors: amounts falling due after one year 2024 2023 £ £ Bank loans 391,714 906,266 Obligations under finance lease and hire purchase contracts 160,535 - Other creditors 18,374 7,000

ASPIRE IN THE COMMUNITY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

7. Financial commitments

Obligations under finance leases and hire purchase 2024 2023 contracts £ £ Amounts payable: Within one year 52,892 9,417 Within two to five years 160,535 -