Company Registration No. 14771902 (England and Wales)
Aspire Drives Ltd
Unaudited accounts
for the year ended 31 March 2025
Aspire Drives Ltd
Unaudited accounts
Contents
Aspire Drives Ltd
Company Information
for the year ended 31 March 2025
Director
Shane Steven Miller
Company Number
14771902 (England and Wales)
Registered Office
1 Nearhill Road
Birmingham
West Midlands
B38 8LB
England
Accountants
Perfect Balance Accounting Ltd
318 Stratford Road
Shirley
Solihull
West Midlands
B90 3DN
Aspire Drives Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
104,342
128,682
Cash at bank and in hand
92,239
58,690
Creditors: amounts falling due within one year
(37,224)
(27,044)
Net current assets
64,290
32,549
Total assets less current liabilities
168,632
161,231
Creditors: amounts falling due after more than one year
(80,967)
(107,639)
Called up share capital
1
1
Profit and loss account
87,664
53,591
Shareholders' funds
87,665
53,592
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 members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 November 2025 and were signed on its behalf by
Shane Steven Miller
Director
Company Registration No. 14771902
Aspire Drives Ltd
Notes to the Accounts
for the year ended 31 March 2025
Aspire Drives Ltd is a private company, limited by shares, registered in England and Wales, registration number 14771902. The registered office is 1 Nearhill Road, Birmingham, West Midlands, B38 8LB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
Computer equipment
20% Straight Line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
82,343
93,375
1,785
177,503
At 31 March 2025
82,343
93,375
3,642
179,360
At 1 April 2024
28,521
19,854
446
48,821
Charge for the year
10,765
14,704
728
26,197
At 31 March 2025
39,286
34,558
1,174
75,018
At 31 March 2025
43,057
58,817
2,468
104,342
At 31 March 2024
53,822
73,521
1,339
128,682
Aspire Drives Ltd
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
12,307
(101)
Taxes and social security
15,012
16,863
Other creditors
(1,936)
1,143
7
Creditors: amounts falling due after more than one year
2025
2024
Loans from directors
68,226
93,290
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 3 (2024: 2).