REGISTERED NUMBER: 12175447 (England and Wales)

Financial Statements

for the Year Ended 31 August 2025

for

Aspire Day Service Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J L Wilson

Mrs H L A Wilson

REGISTERED OFFICE:

Newland House

The Point

Weaver Road

LINCOLN

Lincolnshire

LN6 3QN

REGISTERED NUMBER:

12175447 (England and Wales)

ACCOUNTANTS:

Nicholsons

Chartered Accountants

Newland House

The Point

Weaver Road

LINCOLN

Lincolnshire

LN6 3QN

FIXED ASSETS

Intangible assets

4

38,000

47,500

Tangible assets

5

98,503

126,920

136,503

174,420

CURRENT ASSETS

Debtors

190,180

122,701

Cash at bank and in hand

210,925

52,741

401,105

175,442

CREDITORS

Amounts falling due within one year

288,354

194,685

NET CURRENT ASSETS/(LIABILITIES)

112,751

(19,243

)

TOTAL ASSETS LESS CURRENT LIABILITIES

249,254

155,177

CREDITORS

Amounts falling due after more than one year

(227,688

)

(120,263

)

PROVISIONS FOR LIABILITIES

(24,562

)

(33,544

)

NET (LIABILITIES)/ASSETS

(2,996

)

1,370

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(2,998

)

1,368

(2,996

)

1,370

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

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

The directors acknowledge their 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 profit or loss 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2026 and were signed on its behalf by:

Mr J L Wilson - Director

1.	STATUTORY INFORMATION

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

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 and rebates.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

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.

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Financial instruments

Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase are capitalised in the balance sheet and are depreciated over their estimated useful lives.

The interest element of these obligations is charged to the income statement over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee. All other leases are classified as operating leases.

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 48 (2024 - 43 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2024

and 31 August 2025

95,000

AMORTISATION

At 1 September 2024

47,500

Amortisation for year

9,500

At 31 August 2025

57,000

NET BOOK VALUE

At 31 August 2025

38,000

At 31 August 2024

47,500

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2024

248,307

Additions

23,663

Disposals

(47,840

)

At 31 August 2025

224,130

DEPRECIATION

At 1 September 2024

121,387

Charge for year

30,644

Eliminated on disposal

(26,404

)

At 31 August 2025

125,627

NET BOOK VALUE

At 31 August 2025

98,503

At 31 August 2024

126,920

6.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

10,350

18,917

Between one and five years

17,146

47,643

27,496

66,560

Non-cancellable

operating leases

2025

2024

£

£

Within one year

106,636

95,501

Between one and five years

40,255

-

146,891

95,501

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase

27,496

66,561

The hire purchase liability is secured against the asset to which it relates.

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

£

Mr J L Wilson

Balance outstanding at start of year

20,255

13,580

Amounts advanced

54,709

94,175

Amounts repaid

(10,000

)

(87,500

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

64,964

20,255

The loan to directors is unsecured, repayable on demand and interest is charged at the HMRC beneficial interest rate.