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Registered number: 07559181
Aspire Design And Development Limited
Financial Statements
For The Year Ended 31 March 2025
Fruition Accountancy
29 Wood Street
Stratford-upon-Avon
Warwickshire
CV37 6JG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07559181
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,184 -
8,184 -
CURRENT ASSETS
Debtors 5 3,985 25,459
Cash at bank and in hand 5,861 18,533
9,846 43,992
Creditors: Amounts Falling Due Within One Year 6 (74,966 ) (72,314 )
NET CURRENT ASSETS (LIABILITIES) (65,120 ) (28,322 )
TOTAL ASSETS LESS CURRENT LIABILITIES (56,936 ) (28,322 )
Creditors: Amounts Falling Due After More Than One Year 7 (133,176 ) (92,625 )
NET LIABILITIES (190,112 ) (120,947 )
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account (191,112 ) (121,947 )
SHAREHOLDERS' FUNDS (190,112) (120,947)
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 Adam Horstead
Director
23rd December 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
Aspire Design And Development Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07559181 . The registered office is Hill Garth, Hawks Hill, Bourne End, Buckinghamshire, SL8 5JH.
The presentation currency of the financial statements is Pound Sterling, rounded to the nearest £1.
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. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant
doubt about the company's ability to continue as a going concern. However, included in current liabilities is
£133,176 (2024 - £87,993) owed to the director. The director has confirmed his continued support to the
company for the forseeable future. On this basis the financial statements have been prepared on a going
concern basis.
2.3. 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.
2.4. 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:
Plant & Machinery 4 years, Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2024 -
Additions 8,358
As at 31 March 2025 8,358
Depreciation
As at 1 April 2024 -
Provided during the period 174
As at 31 March 2025 174
...CONTINUED
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Page 4
Net Book Value
As at 31 March 2025 8,184
As at 1 April 2024 -
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 3,985 25,459
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 8,892 8,923
Bank loans and overdrafts 2,106 4,000
Other creditors 2,000 2,000
Taxation and social security 61,968 57,391
74,966 72,314
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 4,632
Other creditors 133,176 87,993
133,176 92,625
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
9. Related Party Transactions
During the year the Director maintained an interest free loan to the company. At the balance sheet date, the amount owed to the Director was £133,176 (2024: £87,993).
Page 4