33
30/06/2021
2021-06-30
false
false
false
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false
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true
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true
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false
false
false
No description of principal activities is disclosed
2020-07-01
Sage Accounts Production 2020 Update 1 - FRS102_2019
xbrli:pure
xbrli:shares
iso4217:GBP
11280050
2020-07-01
2021-06-30
11280050
2021-06-30
11280050
2020-06-30
11280050
2019-07-01
2020-06-30
11280050
2020-06-30
11280050
core:MotorVehicles
2020-07-01
2021-06-30
11280050
bus:Director1
2020-07-01
2021-06-30
11280050
core:IntangibleAssetsOtherThanGoodwill
2020-06-30
11280050
core:IntangibleAssetsOtherThanGoodwill
2021-06-30
11280050
core:PlantMachinery
2020-06-30
11280050
core:FurnitureFittingsToolsEquipment
2020-06-30
11280050
core:MotorVehicles
2020-06-30
11280050
core:PlantMachinery
2021-06-30
11280050
core:FurnitureFittingsToolsEquipment
2021-06-30
11280050
core:MotorVehicles
2021-06-30
11280050
core:WithinOneYear
2021-06-30
11280050
core:WithinOneYear
2020-06-30
11280050
core:AfterOneYear
2021-06-30
11280050
core:AfterOneYear
2020-06-30
11280050
core:PlantMachinery
2020-07-01
2021-06-30
11280050
core:FurnitureFittingsToolsEquipment
2020-07-01
2021-06-30
11280050
core:ShareCapital
2021-06-30
11280050
core:ShareCapital
2020-06-30
11280050
core:RetainedEarningsAccumulatedLosses
2021-06-30
11280050
core:RetainedEarningsAccumulatedLosses
2020-06-30
11280050
core:IntangibleAssetsOtherThanGoodwill
2020-07-01
2021-06-30
11280050
core:IntangibleAssetsOtherThanGoodwill
2020-06-30
11280050
core:PlantMachinery
2020-06-30
11280050
core:FurnitureFittingsToolsEquipment
2020-06-30
11280050
core:MotorVehicles
2020-06-30
11280050
bus:SmallEntities
2020-07-01
2021-06-30
11280050
bus:AuditExempt-NoAccountantsReport
2020-07-01
2021-06-30
11280050
bus:FullAccounts
2020-07-01
2021-06-30
11280050
bus:SmallCompaniesRegimeForAccounts
2020-07-01
2021-06-30
11280050
bus:PrivateLimitedCompanyLtd
2020-07-01
2021-06-30
11280050
core:NetGoodwill
2020-07-01
2021-06-30
Company registration number:
11280050
Aspire Platforms Ltd
Unaudited filleted financial statements
30 June 2021
Aspire Platforms Ltd
Contents
Statement of financial position
Notes to the financial statements
Aspire Platforms Ltd
Statement of financial position
30 June 2021
|
|
|
30/06/21
|
|
|
|
30/06/20
|
|
|
|
|
Note
|
£
|
|
£
|
|
£
|
|
£
|
|
|
|
|
|
|
|
|
|
|
Fixed assets
|
|
|
|
|
|
|
|
|
|
Intangible assets
|
|
5
|
20,906
|
|
|
|
8,513
|
|
|
Tangible assets
|
|
6
|
3,913,754
|
|
|
|
2,782,064
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
3,934,660
|
|
|
|
2,790,577
|
|
|
|
|
|
|
|
|
|
|
Current assets
|
|
|
|
|
|
|
|
|
|
Debtors
|
|
7
|
3,676,109
|
|
|
|
757,002
|
|
|
Cash at bank and in hand
|
|
|
199,084
|
|
|
|
1,179
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
3,875,193
|
|
|
|
758,181
|
|
|
Creditors: amounts falling due
|
|
|
|
|
|
|
|
|
|
within one year
|
|
8
|
(
5,258,067)
|
|
|
|
(
1,873,504)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
Net current liabilities
|
|
|
|
|
(
1,382,874)
|
|
|
|
(
1,115,323)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Total assets less current liabilities
|
|
|
|
|
2,551,786
|
|
|
|
1,675,254
|
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due
|
|
|
|
|
|
|
|
|
|
after more than one year
|
|
9
|
|
|
(
2,293,441)
|
|
|
|
(
1,736,734)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Net assets/(liabilities)
|
|
|
|
|
258,345
|
|
|
|
(
61,480)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
Capital and reserves
|
|
|
|
|
|
|
|
|
|
Called up share capital
|
|
|
|
|
50,000
|
|
|
|
50,000
|
Profit and loss account
|
|
|
|
|
208,345
|
|
|
|
(
111,480)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Shareholder funds/(deficit)
|
|
|
|
|
258,345
|
|
|
|
(
61,480)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
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.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
26 October 2021
, and are signed on behalf of the board by:
Mr Vincent Rourke
Director
Company registration number:
11280050
Aspire Platforms Ltd
Notes to the financial statements
Year ended 30 June 2021
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 23, Leigh Business Park, Meadowcroft Way, Leigh, Lancashire, WN7 3XZ.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Plant and machinery
|
-
|
15 years
|
|
|
Fittings fixtures and equipment
|
-
|
5 years
|
|
|
Motor vehicles
|
-
|
25 %
|
reducing balance
|
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
33
(2020:
8
).
5.
Intangible assets
|
|
Other intangible assets
|
Total
|
|
|
|
|
|
|
£
|
£
|
|
|
|
|
|
Cost
|
|
|
|
|
|
|
|
At 1 July 2020
|
12,563
|
12,563
|
|
|
|
|
|
Additions
|
19,360
|
19,360
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
At 30 June 2021
|
31,923
|
31,923
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
Amortisation
|
|
|
|
|
|
|
|
At 1 July 2020
|
4,050
|
4,050
|
|
|
|
|
|
Charge for the year
|
6,967
|
6,967
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
At 30 June 2021
|
11,017
|
11,017
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
Carrying amount
|
|
|
|
|
|
|
|
At 30 June 2021
|
20,906
|
20,906
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
At 30 June 2020
|
8,513
|
8,513
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
|
|
|
6.
Tangible assets
|
|
Plant and machinery
|
Fixtures, fittings and equipment
|
Motor vehicles
|
Total
|
|
|
|
|
|
£
|
£
|
£
|
£
|
|
|
|
|
Cost
|
|
|
|
|
|
|
|
|
At 1 July 2020
|
2,703,440
|
134,266
|
214,384
|
3,052,090
|
|
|
|
|
Additions
|
1,384,194
|
83,083
|
-
|
1,467,277
|
|
|
|
|
Disposals
|
-
|
-
|
(
30,603)
|
(
30,603)
|
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
|
|
|
|
At 30 June 2021
|
4,087,634
|
217,349
|
183,781
|
4,488,764
|
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
|
|
|
|
Depreciation
|
|
|
|
|
|
|
|
|
At 1 July 2020
|
212,085
|
14,606
|
43,335
|
270,026
|
|
|
|
|
Charge for the year
|
254,773
|
34,079
|
35,131
|
323,983
|
|
|
|
|
Disposals
|
-
|
-
|
(
18,999)
|
(
18,999)
|
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
|
|
|
|
At 30 June 2021
|
466,858
|
48,685
|
59,467
|
575,010
|
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
|
|
|
|
Carrying amount
|
|
|
|
|
|
|
|
|
At 30 June 2021
|
3,620,776
|
168,664
|
124,314
|
3,913,754
|
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
|
|
|
|
At 30 June 2020
|
2,491,355
|
119,660
|
171,049
|
2,782,064
|
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
|
|
|
7.
Debtors
|
|
|
30/06/21
|
30/06/20
|
|
|
|
£
|
£
|
|
Trade debtors
|
|
2,686,669
|
611,489
|
|
Other debtors
|
|
989,440
|
145,513
|
|
|
|
_______
|
_______
|
|
|
|
3,676,109
|
757,002
|
|
|
|
_______
|
_______
|
|
|
|
|
|
8.
Creditors: amounts falling due within one year
|
|
|
30/06/21
|
30/06/20
|
|
|
|
£
|
£
|
|
Bank loans and overdrafts
|
|
15,634
|
22,022
|
|
Trade creditors
|
|
3,041,008
|
708,393
|
|
Social security and other taxes
|
|
296,083
|
125,666
|
|
Other creditors
|
|
1,905,342
|
1,017,423
|
|
|
|
_______
|
_______
|
|
|
|
5,258,067
|
1,873,504
|
|
|
|
_______
|
_______
|
|
|
|
|
|
The HP creditors are guaranteed by the director against the fixed assets.
9.
Creditors: amounts falling due after more than one year
|
|
|
30/06/21
|
30/06/20
|
|
|
|
£
|
£
|
|
Bank loans and overdrafts
|
|
28,572
|
35,666
|
|
Other creditors
|
|
2,264,869
|
1,701,068
|
|
|
|
_______
|
_______
|
|
|
|
2,293,441
|
1,736,734
|
|
|
|
_______
|
_______
|
|
|
|
|
|
The HP creditors are guaranteed by the director against the fixed assets.
10.
Events after the end of the reporting period
On 28th July 2021, Aspire Group of Businesses Limited, an entity based and incorporated in the UK, has acquired all shares of the company.