REGISTERED NUMBER:
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ASPIRE SOFTWARE SYSTEMS HOLDINGS LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 31 MARCH 2020 TO 31 MARCH 2021 |
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REGISTERED NUMBER:
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ASPIRE SOFTWARE SYSTEMS HOLDINGS LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 31 MARCH 2020 TO 31 MARCH 2021 |
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ASPIRE SOFTWARE SYSTEMS HOLDINGS LIMITED (REGISTERED NUMBER: 12540617) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 31 MARCH 2020 TO 31 MARCH 2021 |
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Page |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 |
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ASPIRE SOFTWARE SYSTEMS HOLDINGS LIMITED |
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COMPANY INFORMATION |
FOR THE PERIOD 31 MARCH 2020 TO 31 MARCH 2021 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
The Exchange |
5 Bank Street |
Bury |
BL9 0DN |
ASPIRE SOFTWARE SYSTEMS HOLDINGS LIMITED (REGISTERED NUMBER: 12540617) |
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STATEMENT OF FINANCIAL POSITION |
31 MARCH 2021 |
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Notes | £ |
FIXED ASSETS |
Investments | 4 |
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CURRENT ASSETS |
Cash in hand |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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ASPIRE SOFTWARE SYSTEMS HOLDINGS LIMITED (REGISTERED NUMBER: 12540617) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 31 MARCH 2020 TO 31 MARCH 2021 |
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1. | STATUTORY INFORMATION |
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Aspire Software Systems Holdings Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 12540617 and the registered office address is The Exchange, 5 Bank Street, Bury, BL9 0DN. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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At the period-end the trading subsidiary had net assets of £286,578 (2020 - £100). The trading subsidiary has made a profit after tax in the current year and has reported a profit post period-end. |
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The director has considered the impact of the global Covid-19 pandemic on the trading subsidiary and recognises that the future cannot be predicted with certainty. To date, however, the trading subsidiary has remained operational. Should demand for the trading subsidiary's services fall, the director would introduce cost control measures and would make use of any government funding available. |
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The director believes that the trading subsidiary is well placed to manage the risks at these challenging times and therefore continues to adopt a going concern basis of accounting in preparing these financial statements. |
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Preparation of consolidated financial statements |
The financial statements contain information about Aspire Software Systems Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
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Significant judgements and estimates |
In the application of the company's accounting policies, the director is required to make estimates and judgements. The estimates are based on historical experience and other relevant factors. Actual results may differ from these estimates. |
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The estimates are continually evaluated. Revisions to accounting estimates are recognised in the period in which the estimate is revised. |
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In the opinion of the director there are no estimates and assumptions which have a significant risk of causing material adjustment to the carrying amount of assets and liabilities. |
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Financial instruments |
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties. |
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Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement. |
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Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled. |
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ASPIRE SOFTWARE SYSTEMS HOLDINGS LIMITED (REGISTERED NUMBER: 12540617) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 31 MARCH 2020 TO 31 MARCH 2021 |
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2. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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Investments |
Fixed asset investments are included at cost less provision for any permanent diminution in value. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
Additions |
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At 31 March 2021 |
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NET BOOK VALUE |
At 31 March 2021 |
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