Registration number: 10631860

Aspire Wealth Management (NW) Ltd

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

Aspire Wealth Management (NW) Ltd

(Registration number: 10631860)
Statement of Financial Position as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	45,000	60,000
Tangible assets	5	58,929	62,806
		103,929	122,806
Current assets
Debtors	6	2,204	2,325
Cash at bank and in hand		17,775	17,968
		19,979	20,293
Creditors: Amounts falling due within one year	7	(64,386)	(82,474)
Net current liabilities		(44,407)	(62,181)
Total assets less current liabilities		59,522	60,625
Creditors: Amounts falling due after more than one year	7	(42,468)	(49,356)
Provisions for liabilities		(6,583)	(5,752)
Net assets		10,471	5,517
Capital and reserves
Called up share capital		100	100
Retained earnings		10,371	5,417
Shareholders' funds		10,471	5,517

Aspire Wealth Management (NW) Ltd

(Registration number: 10631860)
Statement of Financial Position as at 31 March 2025

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 December 2025 and signed on its behalf by:
 

Mr DR Owens Director

Aspire Wealth Management (NW) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
19 Crossgill
Astley
Manchester
Lancashire
M29 7DT

These financial statements were authorised for issue by the Board on 29 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

At the balance sheet date, the company had net current liabilities. The company has a good working relationship with its creditors and received assurances from the directors that they will continue to give financial support to the company for twelve months from the date of signing these financial statements.

On this basis, the directors consider it appropriate to prepare the accounts on the going concern basis. However, should the financial support mentioned above not be forthcoming the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of services in the ordinary course of the company's activities. Turnover is shown net of sales, rebates and discounts.

Tax

The tax expense for the period comprises current tax. Tax is recognised in statement of income, except that a change sttributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Aspire Wealth Management (NW) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is calculated so as to write off the cost of assets over their estimated usedful lives, as follows:

Asset class	Depreciation method and rate
Furniture and fittings	15% Reducing balance
Motor vehicles	20% Straight line

Intangible assets

Goodwill

Positive purchased goodwill arising on acquisitions is capitalised, classified as an intangible asset on the balance sheet and amortised over its estimated useful life.

Goodwill is reviewed for impairment at the end of the first full year following each acquisition and subsequently as and when necessary if circumstances emerge that indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10% Straight line

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Aspire Wealth Management (NW) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 5).

Aspire Wealth Management (NW) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2024	150,000	150,000
At 31 March 2025	150,000	150,000
Amortisation
At 1 April 2024	90,000	90,000
Amortisation charge	15,000	15,000
At 31 March 2025	105,000	105,000
Carrying amount
At 31 March 2025	45,000	45,000
At 31 March 2024	60,000	60,000

5	Tangible assets

	Fixtures and fittings £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	1,872	11,793	59,123	72,788
Additions	1,042	1,665	-	2,707
At 31 March 2025	2,914	13,458	59,123	75,495
Depreciation
At 1 April 2024	1,084	3,568	5,330	9,982
Charge for the year	227	1,437	4,920	6,584
At 31 March 2025	1,311	5,005	10,250	16,566
Carrying amount
At 31 March 2025	1,603	8,453	48,873	58,929
At 31 March 2024	788	8,225	53,793	62,806

Aspire Wealth Management (NW) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Debtors

Current	2025 £	2024 £
Prepayments	1,695	1,816
Other debtors	509	509
	2,204	2,325

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	6,888	4,695
Trade creditors		387	62
Taxation and social security		15,313	10,337
Accruals and deferred income		3,778	3,730
Other creditors		38,020	63,650
		64,386	82,474

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £6,888 (2024 - £4,695).

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	42,468	49,356

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £42,468 (2024 - £49,356).

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	42,468	49,356

Current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	6,888	4,695