| Aspirate N Go Ltd |
| Registered number: |
08684331 |
| Abbreviated Balance Sheet |
| as at 30 September 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
148,622 |
|
|
41,818 |
| Tangible assets |
3 |
|
|
5,257 |
|
|
4,621 |
|
|
|
|
153,879 |
|
|
46,439 |
|
| Current assets |
| Stocks |
|
|
12,000 |
|
|
12,000 |
| Debtors |
|
|
578,569 |
|
|
468,006 |
| Cash at bank and in hand |
|
|
670,042 |
|
|
1,082,468 |
|
|
|
1,260,611 |
|
|
1,562,474 |
|
| Creditors: amounts falling due within one year |
|
|
(72,949) |
|
|
(61,067) |
|
| Net current assets |
|
|
|
1,187,662 |
|
|
1,501,407 |
|
| Total assets less current liabilities |
|
|
|
1,341,541 |
|
|
1,547,846 |
|
|
| Provisions for liabilities |
|
|
|
(30,776) |
|
|
(9,288) |
|
|
| Net assets |
|
|
|
1,310,765 |
|
|
1,538,558 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
8,129 |
|
|
7,432 |
| Share premium |
|
|
|
2,514,050 |
|
|
2,031,168 |
| Profit and loss account |
|
|
|
(1,211,414) |
|
|
(500,042) |
|
| Shareholders' funds |
|
|
|
1,310,765 |
|
|
1,538,558 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| G Gallagher |
| Director |
| Approved by the board on 26 September 2017 |
|
| Aspirate N Go Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 30 September 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The financial statements have been prepared on a going concern basis and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) (United Kingdom Generally Accepted Accounting Practice applicable to Smaller Entities) and the Companies Act 2006. A summary of the company's accounting policies, all of which have been consistently applied throughout the year, is set out below: |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Office equipment |
33% straight-line |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulated amortisation and any accumulated impairment losses. Amortisation is charged to as to allocate the cost of intangibles over their estimated useful lives, using the straight-line method. Intellectual property is amortised over a useful economic life of three years. |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the financial statements and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
Foreign currencies |
|
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 October 2015 |
55,227 |
|
Additions |
187,820 |
|
At 30 September 2016 |
243,047 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 October 2015 |
13,409 |
|
Provided during the year |
81,016 |
|
At 30 September 2016 |
94,425 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2016 |
148,622 |
|
At 30 September 2015 |
41,818 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 October 2015 |
6,897 |
|
Additions |
4,345 |
|
At 30 September 2016 |
11,242 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2015 |
2,276 |
|
Charge for the year |
3,709 |
|
At 30 September 2016 |
5,985 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2016 |
5,257 |
|
At 30 September 2015 |
4,621 |
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
A Ordinary shares (fully paid) |
£0.001 each |
|
3,628,675 |
|
3,629 |
|
2,932 |
|
B Ordinary shares (unpaid) |
£1 each |
|
2,500 |
|
1,925 |
|
2,500 |
|
C1 Ordinary shares (unpaid) |
£1 each |
|
1,828 |
|
1,828 |
|
1,828 |
|
C2 Ordinary shares (unpaid) |
£1 each |
|
172 |
|
172 |
|
172 |
|
|
|
|
|
|
7,554 |
|
7,432 |
|
|
|
|
|
|
|
|
|
| Nominal |
Number |
Amount |
| value |
£ |
|
Shares issued during the period: |
|
A Ordinary shares (fully paid) |
£0.001 each |
|
696,800 |
|
697 |
|
B Ordinary shares (unpaid) |
£1 each |
|
- |
|
- |
|
C1 Ordinary shares (unpaid) |
£1 each |
|
- |
|
- |
|
|
|
|
|
|
|
