ASPYRE LIMITED - Filleted accounts

Registered number

06760196

ASPYRE LIMITED

Filleted Accounts

31 January 2025

ASPYRE LIMITED
Registered number:		06760196
Balance Sheet
as at 31 January 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		4,096			2,536

Current assets
Debtors	5	34,438			47,022
Cash at bank and in hand		44,369			58,964
		78,807			105,986

Creditors: amounts falling due within one year	6	(63,637)			(53,646)

Net current assets			15,170			52,340

Net assets			19,266			54,876

Capital and reserves
Called up share capital			2			2
Profit and loss account			19,264			54,874

Shareholders' funds			19,266			54,876

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Andrew Roberts
Director
Approved by the board on 21 October 2025

ASPYRE LIMITED
Notes to the Accounts
for the year ended 31 January 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment	over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		2		2


3	Intangible fixed assets				£
	Goodwill:

	Cost
	At 1 February 2024				92,000
	At 31 January 2025				92,000

	Amortisation
	At 1 February 2024				92,000
	At 31 January 2025				92,000

	Net book value
	At 31 January 2025				-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 February 2024				18,927
	Additions				2,986
	At 31 January 2025				21,913

	Depreciation
	At 1 February 2024				16,391
	Charge for the year				1,426
	At 31 January 2025				17,817

	Net book value
	At 31 January 2025				4,096
	At 31 January 2024				2,536


5	Debtors		2025		2024
£				£

	Trade debtors		33,938		46,522
	Other debtors		500		500
			34,438		47,022


6	Creditors: amounts falling due within one year		2025		2024
£				£

	Trade creditors		2,090		2,972
	Taxation and social security costs		36,169		44,206
	Other creditors		25,378		6,468
			63,637		53,646


7	Controlling party

	The Company is wholly under the control of its joint directors and shareholders.


8	Other information

	ASPYRE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	The Old Bakehouse
	Downs Park East
	Bristol
	BS6 7QD