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Company Registration No. 08164036 (England and Wales)
Aspire Carpentry and Joinery Ltd Unaudited accounts for the year ended 31 July 2025
Aspire Carpentry and Joinery Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Aspire Carpentry and Joinery Ltd Company Information for the year ended 31 July 2025
Director
Craig Simcock
Company Number
08164036 (England and Wales)
Registered Office
1A Byron Close Cheadle Staffordshire ST10 1XB England
Accountants
James Accountancy Services Ltd 3 Waterloo Grove Kidsgrove Stoke-on-Trent Staffordshire ST7 4SY
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Aspire Carpentry and Joinery Ltd Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
29,350
19,750
Current assets
Inventories
750
550
Debtors
5
3,970
-
Cash at bank and in hand
47,294
65,670
52,014
66,220
Creditors: amounts falling due within one year
6
(51,570)
(72,183)
Net current assets/(liabilities)
444
(5,963)
Total assets less current liabilities
29,794
13,787
Provisions for liabilities
Deferred tax
7
(5,576)
(3,752)
Net assets
24,218
10,035
Capital and reserves
Called up share capital
8
10
10
Profit and loss account
24,208
10,025
Shareholders' funds
24,218
10,035
For the year ending 31 July 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 13 April 2026 and were signed on its behalf by
Craig Simcock Director Company Registration No. 08164036
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Aspire Carpentry and Joinery Ltd Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
Aspire Carpentry and Joinery Ltd is a private company, limited by shares, registered in England and Wales, registration number 08164036. The registered office is 1A Byron Close, Cheadle, Staffordshire, ST10 1XB, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of discounts, of goods provided to customers and work carried out in respect of services provided to customers. The company was not registered for VAT during the year.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives (although Motor vehicles depreciation has been adjusted to take account of the increasing values of second hand commercial vehicles in the buoyant second hand car market):
Plant & machinery
15% reducing balance method.
Motor vehicles
20% reducing balance method.
Computer equipment
15% reducing balance method.
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
Pension costs
The company makes contributions to the directors pension scheme and these contributions are made gross (without tax deduction) with the appropriate documentation provided to the pension company. Contributions payable are recognised in the profit and loss account when due.
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Aspire Carpentry and Joinery Ltd Notes to the Accounts for the year ended 31 July 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 August 2024
20,412
12,500
3,055
35,967
Additions
961
19,790
119
20,870
Disposals
-
(12,500)
-
(12,500)
At 31 July 2025
21,373
19,790
3,174
44,337
Depreciation
At 1 August 2024
10,412
4,500
1,305
16,217
Charge for the year
2,111
790
369
3,270
On disposals
-
(4,500)
-
(4,500)
At 31 July 2025
12,523
790
1,674
14,987
Net book value
At 31 July 2025
8,850
19,000
1,500
29,350
At 31 July 2024
10,000
8,000
1,750
19,750
5
Debtors
2025
2024
£
£
Amounts falling due after more than one year
Trade debtors
3,970
-
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
17,233
7,430
Taxes and social security
2,278
3,494
Loans from directors
31,229
60,389
Accruals
830
870
51,570
72,183
7
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
5,576
3,752
2025
2024
£
£
Provision at start of year
3,752
4,423
Charged/(credited) to the profit and loss account
1,824
(671)
Provision at end of year
5,576
3,752
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Aspire Carpentry and Joinery Ltd Notes to the Accounts for the year ended 31 July 2025
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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