Abbreviated Company Accounts - ASPIRE FINANCIAL LTD

ASPIRE FINANCIAL LTD - Company Information

Registered Number 06817628

ASPIRE FINANCIAL LTD

Abbreviated Accounts

28 February 2014

ASPIRE FINANCIAL LTD Registered Number 06817628

Abbreviated Balance Sheet as at 28 February 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	127,991	952
		127,991	952
Current assets
Debtors		32,112	16,136
Cash at bank and in hand		61,837	91,886
		93,949	108,022
Creditors: amounts falling due within one year		(71,026)	(24,073)
Net current assets (liabilities)		22,923	83,949
Total assets less current liabilities		150,914	84,901
Total net assets (liabilities)		150,914	84,901
Capital and reserves
Called up share capital		200	200
Profit and loss account		150,714	84,701
Shareholders' funds		150,914	84,901

For the year ending 28 February 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 16 October 2014

And signed on their behalf by:
G Robinson, Director

ASPIRE FINANCIAL LTD Registered Number 06817628

Notes to the Abbreviated Accounts for the period ended 28 February 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
This represents the value of goods and services supplied to customers during the year, less returns and exclusive of value added tax.

Tangible assets depreciation policy
Depreciation has been included on a reducing balance basis to write down each asset to its estimated residual value over the period of its revenue earning life. The annual rates used are:-
Office equipment 25%
Property 0%

2Tangible fixed assets

	£
Cost
At 1 March 2013	2,451
Additions	127,410
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2014	129,861
Depreciation
At 1 March 2013	1,499
Charge for the year	371
On disposals	-
At 28 February 2014	1,870
Net book values
At 28 February 2014	127,991
At 28 February 2013	952