Aspire (Swansea) Limited - Limited company - abbreviated - 11.6
Aspire (Swansea) Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 JULY 2014 |
| FOR |
| ASPIRE (SWANSEA) LIMITED |
| ASPIRE (SWANSEA) LIMITED (REGISTERED NUMBER: 08149835) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 JULY 2014 |
| Page |
| Company Information | 1 |
| Chartered Accountants' Report | 2 |
| Abbreviated Balance Sheet | 3 |
| Notes to the Abbreviated Accounts | 5 |
| ASPIRE (SWANSEA) LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 JULY 2014 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
| ON THE UNAUDITED FINANCIAL STATEMENTS OF |
| ASPIRE (SWANSEA) LIMITED |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to six) have |
| been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of Aspire (Swansea) Limited for the year ended 31 July 2014 which comprise the Profit and Loss |
| Account, the Balance Sheet and the related notes from the company's accounting records and from information and |
| explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of Aspire (Swansea) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Aspire (Swansea) Limited and state those matters that we have agreed to state to the Board of Directors of Aspire (Swansea) Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Aspire (Swansea) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Aspire (Swansea) Limited. You consider that Aspire (Swansea) Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Aspire (Swansea) Limited. |
| For this reason, we have not verified the accuracy or completeness of the accounting records or information and |
| explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| 30 April 2015 |
| ASPIRE (SWANSEA) LIMITED (REGISTERED NUMBER: 08149835) |
| ABBREVIATED BALANCE SHEET |
| 31 JULY 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| ASPIRE (SWANSEA) LIMITED (REGISTERED NUMBER: 08149835) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 JULY 2014 |
| The financial statements were approved by the Board of Directors on |
| ASPIRE (SWANSEA) LIMITED (REGISTERED NUMBER: 08149835) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 JULY 2014 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| Going concern |
| The financial statements have been prepared on a going concern basis on the presumption that continued |
| support will be made available to the company from shareholders, directors and creditors to enable the |
| company to meet its liabilities as they fall due. |
| The directors expect revenues from the group to commence in the next financial year. The directors have |
| pledged to continue and support the company and have confirmed that they will not seek repayment of their |
| loans within 12 months from the date of approval of these financial statements. The directors consider it |
| appropriate for the accounts to be prepared on a going concern basis. |
| Adjustments would have to be made to reduce the balance sheet value of assets to their recoverable amounts |
| and to provide for the further liabilities that might arise and to reclassify fixed assets and any long-term liabilities |
| as current assets and liabilities but such adjustments have not been made in these financial statements. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 August 2013 |
| Additions |
| At 31 July 2014 |
| DEPRECIATION |
| At 1 August 2013 |
| Charge for year |
| At 31 July 2014 |
| NET BOOK VALUE |
| At 31 July 2014 |
| At 31 July 2013 |
| ASPIRE (SWANSEA) LIMITED (REGISTERED NUMBER: 08149835) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 JULY 2014 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 August 2013 |
| and 31 July 2014 | 100 |
| NET BOOK VALUE |
| At 31 July 2014 |
| At 31 July 2013 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ | £ |
| Aggregate capital and reserves | (20,282 | ) | (10,279 | ) |
| Loss for the year/period | (10,003 | ) | (10,279 | ) |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| They also include the following debts falling due in more than five years: |
| 2014 | 2013 |
| £ | £ |
| Repayable otherwise than by instalments | 114,144 | 278,964 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary | £1 |