Company Registration No. 07269032 (England and Wales)
Aspire Commercial Contractors Ltd
Unaudited accounts
for the year ended 30 June 2021
Aspire Commercial Contractors Ltd
Company Information
for the year ended 30 June 2021
Directors
Mr D Argent
Mr S Clark
Company Number
07269032 (England and Wales)
Registered Office
Triumph House
Station Approach, Sanderstead Road
South Croydon
CR2 0PL
England
Aspire Commercial Contractors Ltd
Statement of financial position
as at 30 June 2021
Tangible assets
62,385
58,988
Cash at bank and in hand
195,508
152,711
Creditors: amounts falling due within one year
(283,146)
(58,005)
Net current assets
279,786
238,716
Total assets less current liabilities
342,171
297,704
Creditors: amounts falling due after more than one year
(63,351)
(74,002)
Net assets
278,820
223,702
Called up share capital
100
100
Profit and loss account
278,720
223,602
Shareholders' funds
278,820
223,702
For the year ending 30 June 2021 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 directors acknowledge their 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 of Directors and authorised for issue on 15 October 2021 and were signed on its behalf by
Mr D Argent
Director
Company Registration No. 07269032
Aspire Commercial Contractors Ltd
Notes to the Accounts
for the year ended 30 June 2021
Aspire Commercial Contractors Ltd is a private company, limited by shares, registered in England and Wales, registration number 07269032. The registered office is Triumph House, Station Approach, Sanderstead Road, South Croydon, CR2 0PL, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
straight line basis over 3 years
Motor vehicles
straight line basis over 5 years
Fixtures & fittings
straight line basis over 5 years
Computer equipment
straight line basis over 2 years
Aspire Commercial Contractors Ltd
Notes to the Accounts
for the year ended 30 June 2021
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 July 2020
-
78,468
898
884
80,250
Additions
3,013
25,794
99
2,094
31,000
Disposals
-
(12,750)
-
-
(12,750)
At 30 June 2021
3,013
91,512
997
2,978
98,500
At 1 July 2020
-
20,620
7
635
21,262
Charge for the year
751
15,501
154
701
17,107
On disposals
-
(2,254)
-
-
(2,254)
At 30 June 2021
751
33,867
161
1,336
36,115
At 30 June 2021
2,262
57,645
836
1,642
62,385
At 30 June 2020
-
57,848
891
249
58,988
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
41,550
35,000
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
175,222
121,139
Accrued income and prepayments
117,750
14,593
Other debtors
74,452
8,278
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
9,840
-
Obligations under finance leases and hire purchase contracts
11,224
9,321
Trade creditors
146,332
42,731
Taxes and social security
113,318
30,661
Other creditors
2,432
15,151
Loans from directors
-
(39,859)
7
Creditors: amounts falling due after more than one year
2021
2020
Obligations under finance leases and hire purchase contracts
24,010
24,002
Aspire Commercial Contractors Ltd
Notes to the Accounts
for the year ended 30 June 2021
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 10 (2020: 8).
