| Aspirate N Go Ltd |
| Registered number: |
08684331 |
| Balance Sheet |
| as at 30 September 2017 |
|
| Notes |
|
|
2017 |
|
|
2016 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
292,798 |
|
|
167,934 |
| Tangible assets |
4 |
|
|
4,190 |
|
|
5,257 |
|
|
|
|
296,988 |
|
|
173,191 |
|
| Current assets |
| Stocks |
|
|
12,000 |
|
|
12,000 |
| Debtors |
5 |
|
395,698 |
|
|
582,494 |
| Cash at bank and in hand |
|
|
163,330 |
|
|
666,117 |
|
|
|
571,028 |
|
|
1,260,611 |
|
| Creditors: amounts falling due within one year |
6 |
|
(346,379) |
|
|
(72,949) |
|
| Net current assets |
|
|
|
224,649 |
|
|
1,187,662 |
|
| Total assets less current liabilities |
|
|
|
521,637 |
|
|
1,360,853 |
|
|
| Provisions for liabilities |
|
|
|
- |
|
|
(35,638) |
|
|
| Net assets |
|
|
|
521,637 |
|
|
1,325,215 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
8,129 |
|
|
8,129 |
| Share premium |
|
|
|
2,514,050 |
|
|
2,514,050 |
| Profit and loss account |
|
|
|
(2,000,542) |
|
|
(1,196,964) |
|
| Shareholders' funds |
|
|
|
521,637 |
|
|
1,325,215 |
|
|
|
|
|
|
|
|
| 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
| G Gallagher |
| Director |
| Approved by the board on 8 February 2018 |
|
| Aspirate N Go Ltd |
| Notes to the Accounts |
| for the year ended 30 September 2017 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
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. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Office equipment |
over 3 years |
|
|
Stocks |
|
Stocks are measured 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 currency translation |
|
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 |
Employees |
2017 |
|
2016 |
| Number |
Number |
|
|
Average number of persons employed by the company |
5 |
|
4 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Intellectual property: |
|
|
Cost |
|
At 1 October 2016 |
243,047 |
|
Additions |
247,078 |
|
At 30 September 2017 |
490,125 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 October 2016 |
75,113 |
|
Provided during the year |
122,214 |
|
At 30 September 2017 |
197,327 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2017 |
292,798 |
|
At 30 September 2016 |
167,934 |
|
|
|
|
|
|
|
|
|
|
Intellectual property is being written off in equal annual instalments over its estimated economic life of 3 years. |
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Office equipment |
| £ |
|
Cost |
|
At 1 October 2016 |
11,242 |
|
Additions |
4,048 |
|
At 30 September 2017 |
15,290 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2016 |
5,985 |
|
Charge for the year |
5,115 |
|
At 30 September 2017 |
11,100 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2017 |
4,190 |
|
At 30 September 2016 |
5,257 |
|
|
| 5 |
Debtors |
2017 |
|
2016 |
| £ |
£ |
|
|
Other debtors |
395,698 |
|
582,494 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Trade creditors |
318,901 |
|
58,053 |
|
Taxation and social security costs |
5,541 |
|
- |
|
Other creditors |
21,937 |
|
14,896 |
|
|
|
|
|
|
346,379 |
|
72,949 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
Aspirate N Go Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
IC1 131 Mount Pleasant |
|
Liverpool |
|
L3 5TF |
