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Registered number: 7559762
GLOBAL ASPIRE LTD
Unaudited Financial Statements
For The Year Ended 31 March 2025
KST ACCOUNTANTS
INCORPORATED FINANCIAL ACCOUNTANTS
104 Northwood Avenue
Elm Park
Essex
RM12 4PX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 7559762
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 19,218 19,218
Investments 5 143,000 88,000
162,218 107,218
CURRENT ASSETS
Debtors 6 21,865 37,110
Cash at bank and in hand 57,173 102,028
79,038 139,138
Creditors: Amounts Falling Due Within One Year 7 (16,967 ) (48,528 )
NET CURRENT ASSETS (LIABILITIES) 62,071 90,610
TOTAL ASSETS LESS CURRENT LIABILITIES 224,289 197,828
Creditors: Amounts Falling Due After More Than One Year 8 - (15,000 )
NET ASSETS 224,289 182,828
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 224,189 182,728
SHAREHOLDERS' FUNDS 224,289 182,828
Page 1
Page 2
For the year ending 31 March 2025 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 Suresh Seetharaman
Director
12/11/2025
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
GLOBAL ASPIRE LTD is a private company, limited by shares, incorporated in England & Wales, registered number 7559762 . The registered office is 3 Carisbrooke Gardens, Leicester, LE2 3PR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Fixtures & Fittings 0
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Sales, marketing and distribution 1 1
1 1
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2024 20,807
As at 31 March 2025 20,807
Depreciation
As at 1 April 2024 1,589
As at 31 March 2025 1,589
Net Book Value
As at 31 March 2025 19,218
As at 1 April 2024 19,218
Page 3
Page 4
5. Investments
Unlisted
£
Cost or Valuation
As at 1 April 2024 88,000
Additions 55,000
As at 31 March 2025 143,000
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 143,000
As at 1 April 2024 88,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 17,099 32,901
VAT 4,766 4,209
21,865 37,110
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Proposed Dividend - 2
Other creditors (1) - (90 )
Director's loan account 16,967 48,616
16,967 48,528
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Directors loan account - 15,000
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 4