REGISTERED NUMBER: 08385759 (England and Wales)

ASPIRE DRIVER DEVELOPMENT

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

5

DIRECTOR:

Miss J M Chapman

REGISTERED OFFICE:

20 Eversley Road

Bexhill-on-Sea

East Sussex

TN40 1HE

REGISTERED NUMBER:

08385759 (England and Wales)

ACCOUNTANTS:

Gibbons Mannington & Phipps LLP

Chartered Accountants

20 Eversley Road

Bexhill-on-Sea

East Sussex

TN40 1HE

FIXED ASSETS

Intangible assets

4

3,714

5,571

Tangible assets

5

72,413

35,338

76,127

40,909

CURRENT ASSETS

Debtors

6

26,029

9,865

Cash at bank

326,581

369,746

352,610

379,611

CREDITORS

Amounts falling due within one year

7

64,625

96,238

NET CURRENT ASSETS

287,985

283,373

TOTAL ASSETS LESS CURRENT LIABILITIES

364,112

324,282

PROVISIONS FOR LIABILITIES

10,603

10,227

NET ASSETS

353,509

314,055

RESERVES

Income and expenditure account

353,509

314,055

353,509

314,055

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3rd December 2025 and were signed by:

Miss J M Chapman - Director

1.	STATUTORY INFORMATION

Aspire Driver Development is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of four years.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

Computer

licences

software

Totals

£

£

£

COST

At 1st April 2024

and 31st March 2025

1,000

7,428

8,428

AMORTISATION

At 1st April 2024

1,000

1,857

2,857

Amortisation for year

-

1,857

1,857

At 31st March 2025

1,000

3,714

4,714

NET BOOK VALUE

At 31st March 2025

-

3,714

3,714

At 31st March 2024

-

5,571

5,571

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st April 2024

6,754

3,234

41,624

13,972

65,584

Additions

-

-

55,690

6,845

62,535

Disposals

-

-

-

(11,470

)

(11,470

)

At 31st March 2025

6,754

3,234

97,314

9,347

116,649

DEPRECIATION

At 1st April 2024

5,218

1,975

10,406

12,647

30,246

Charge for year

384

189

21,727

3,098

25,398

Eliminated on disposal

-

-

-

(11,408

)

(11,408

)

At 31st March 2025

5,602

2,164

32,133

4,337

44,236

NET BOOK VALUE

At 31st March 2025

1,152

1,070

65,181

5,010

72,413

At 31st March 2024

1,536

1,259

31,218

1,325

35,338

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

4,156

7,209

Other debtors

21,873

2,656

26,029

9,865

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

3,720

Taxation and social security

11,951

17,661

Other creditors

52,674

74,857

64,625

96,238

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2025 and 31st March 2024:

2025

2024

£

£

Miss J M Chapman

Balance outstanding at start of year

-

-

Amounts advanced

20,329

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

20,329

-

The director operates a current account with the company. The balance due from the director as at 31 March 2025 amounted to £20,329.

The interest rate of 2.25% is charged on the directors current account that is owing to the company.