ASPIRE FINANCIAL LTD

ASPIRE FINANCIAL LTD

ASPIRE FINANCIAL LTD - Company Information

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1 March 2020 false Taxfiler 2021.7 06817628business:PrivateLimitedCompanyLtd2020-03-012021-03-31 068176282020-02-29 068176282020-03-012021-03-31 06817628business:AuditExemptWithAccountantsReport2020-03-012021-03-31 06817628business:FullAccounts2020-03-012021-03-31 068176282021-03-31 06817628business:Director12020-03-012021-03-31 06817628business:RegisteredOffice2020-03-012021-03-31 068176282020-02-29 06817628core:WithinOneYear2021-03-31 06817628core:WithinOneYear2020-02-29 06817628core:ShareCapital2021-03-31 06817628core:ShareCapital2020-02-29 06817628core:RetainedEarningsAccumulatedLosses2021-03-31 06817628core:RetainedEarningsAccumulatedLosses2020-02-29 06817628business:SmallEntities2020-03-012021-03-31 06817628countries:EnglandWales2020-03-012021-03-31 06817628core:FurnitureFittings2020-03-012021-03-31 06817628core:ComputerEquipment2020-03-012021-03-31 06817628core:LandBuildings2020-02-29 06817628core:FurnitureFittings2020-02-29 06817628core:ComputerEquipment2020-02-29 06817628core:LandBuildings2021-03-31 06817628core:FurnitureFittings2021-03-31 06817628core:ComputerEquipment2021-03-31 06817628core:LandBuildings2020-03-012021-03-31 06817628business:OrdinaryShareClass12020-03-012021-03-31 06817628business:OrdinaryShareClass12019-03-012020-02-29 06817628business:OrdinaryShareClass22020-03-012021-03-31 06817628business:OrdinaryShareClass22019-03-012020-02-29 06817628business:AllOrdinaryShares2020-03-012021-03-31 06817628business:AllOrdinaryShares2019-03-012020-02-29 068176282019-03-012020-02-29 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 06817628 (England and Wales)
ASPIRE FINANCIAL LTD Unaudited accounts for the period from 1 March 2020 to 31 March 2021
ASPIRE FINANCIAL LTD Unaudited accounts Contents
Page
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ASPIRE FINANCIAL LTD Company Information for the period from 1 March 2020 to 31 March 2021
Director
Glen Robinson
Company Number
06817628 (England and Wales)
Registered Office
5 CHALK HILL HOUSE ROSARY ROAD NORWICH NR1 1SZ
Accountants
P Lacey & Associates Ltd Office 17 2 Regent House Lowestoft NR32 1PA
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ASPIRE FINANCIAL LTD Statement of financial position as at 31 March 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
130,015 
131,059 
Current assets
Debtors
5
451,087 
282,440 
Cash at bank and in hand
236,066 
319,245 
687,153 
601,685 
Creditors: amounts falling due within one year
6
(35,150)
(38,807)
Net current assets
652,003 
562,878 
Net assets
782,018 
693,937 
Capital and reserves
Called up share capital
7
200 
200 
Profit and loss account
781,818 
693,737 
Shareholders' funds
782,018 
693,937 
For the period ending 31 March 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 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 26 June 2021 and were signed on its behalf by
Glen Robinson Director Company Registration No. 06817628
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ASPIRE FINANCIAL LTD Notes to the Accounts for the period from 1 March 2020 to 31 March 2021
1
Statutory information
ASPIRE FINANCIAL LTD is a private company, limited by shares, registered in England and Wales, registration number 06817628. The registered office is 5 CHALK HILL HOUSE, ROSARY ROAD, NORWICH, NR1 1SZ.
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 period, 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.
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:
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2020
126,880 
5,377 
5,591 
137,848 
At 31 March 2021
126,880 
5,377 
5,591 
137,848 
Depreciation
At 1 March 2020
- 
2,352 
4,437 
6,789 
Charge for the period
- 
756 
288 
1,044 
At 31 March 2021
- 
3,108 
4,725 
7,833 
Net book value
At 31 March 2021
126,880 
2,269 
866 
130,015 
At 29 February 2020
126,880 
3,025 
1,154 
131,059 
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
- 
22,405 
Other debtors
451,087 
260,035 
451,087 
282,440 
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ASPIRE FINANCIAL LTD Notes to the Accounts for the period from 1 March 2020 to 31 March 2021
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade creditors
745 
645 
Taxes and social security
34,405 
38,162 
35,150 
38,807 
7
Share capital
2021 
2020 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
100 Ordinary B shares of £1 each
100 
100 
200 
200 
8
Average number of employees
During the period the average number of employees was 0 (2020: 4).
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