Aspire Software Systems Limited - Accounts to registrar (filleted) - small 22.3

Aspire Software Systems Limited - Accounts to registrar (filleted) - small 22.3

ASPIRE SOFTWARE SYSTEMS LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v22.3.3.48 11798002 director 1.4.21 31.3.22 31.3.22 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure117980022021-03-31117980022022-03-31117980022021-04-012022-03-31117980022020-03-31117980022020-04-012021-03-31117980022021-03-3111798002ns16:EnglandWales2021-04-012022-03-3111798002ns15:PoundSterling2021-04-012022-03-3111798002ns11:Director12021-04-012022-03-3111798002ns11:PrivateLimitedCompanyLtd2021-04-012022-03-3111798002ns11:SmallEntities2021-04-012022-03-3111798002ns11:AuditExempt-NoAccountantsReport2021-04-012022-03-3111798002ns11:SmallCompaniesRegimeForDirectorsReport2021-04-012022-03-3111798002ns11:SmallCompaniesRegimeForAccounts2021-04-012022-03-3111798002ns11:FullAccounts2021-04-012022-03-311179800212021-04-012022-03-3111798002ns11:RegisteredOffice2021-04-012022-03-3111798002ns6:CurrentFinancialInstruments2022-03-3111798002ns6:CurrentFinancialInstruments2021-03-3111798002ns6:ShareCapital2022-03-3111798002ns6:ShareCapital2021-03-3111798002ns6:RetainedEarningsAccumulatedLosses2022-03-3111798002ns6:RetainedEarningsAccumulatedLosses2021-03-3111798002ns6:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3111798002ns6:PlantMachinery2021-04-012022-03-3111798002ns6:IntangibleAssetsOtherThanGoodwill2021-03-3111798002ns6:IntangibleAssetsOtherThanGoodwill2022-03-3111798002ns6:IntangibleAssetsOtherThanGoodwill2021-03-3111798002ns6:PlantMachinery2021-03-3111798002ns6:PlantMachinery2022-03-3111798002ns6:PlantMachinery2021-03-3111798002ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3111798002ns6:WithinOneYearns6:CurrentFinancialInstruments2021-03-31
REGISTERED NUMBER: 11798002 (England and Wales)















ASPIRE SOFTWARE SYSTEMS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022





DTE Business Advisers Limited
Chartered Accountants
The Exchange
5 Bank Street
Bury
BL9 0DN








ASPIRE SOFTWARE SYSTEMS LIMITED (REGISTERED NUMBER: 11798002)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ASPIRE SOFTWARE SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTOR: A Bennett





REGISTERED OFFICE: The Exchange
5 Bank Street
Bury
BL9 0DN





REGISTERED NUMBER: 11798002 (England and Wales)





ACCOUNTANTS: DTE Business Advisers Limited
Chartered Accountants
The Exchange
5 Bank Street
Bury
BL9 0DN
1
ASPIRE SOFTWARE SYSTEMS LIMITED (REGISTERED NUMBER: 11798002)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2022

2022 2021
Notes £    £   
FIXED ASSETS
Intangible assets 4 188,074 200,639
Property, plant and equipment 5 1,865 2,228
189,939 202,867

CURRENT ASSETS
Debtors 6 100,424 76,083
Cash at bank and in hand 415,073 244,247
515,497 320,330
CREDITORS
Amounts falling due within one year 7 (230,789 ) (236,619 )
NET CURRENT ASSETS 284,708 83,711
TOTAL ASSETS LESS CURRENT
LIABILITIES
474,647
286,578

CAPITAL AND RESERVES
Called up share capital 225,100 225,100
Retained earnings 249,547 61,478
474,647 286,578

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

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.

The notes form part of these financial statements

2 continued...
ASPIRE SOFTWARE SYSTEMS LIMITED (REGISTERED NUMBER: 11798002)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 December 2022 and were signed by:





A Bennett - Director


The notes form part of these financial statements

3
ASPIRE SOFTWARE SYSTEMS LIMITED (REGISTERED NUMBER: 11798002)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022


1. STATUTORY INFORMATION

Aspire Software Systems Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 11798002. The registered office is The Exchange, 5 Bank Street, Bury, BL9 0DN.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

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.

The estimates are continually evaluated. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below:-

Estimating the useful economic life of the intangible asset and the anticipated residual value are considered key in calculating an appropriate amortisation charge.

Revenue
Revenue represents the aggregate of the fair value of sale of goods and services provided, net of value added tax, rebates and discounts, plus an appropriate proportion of maintenance contract income provided during the period.

Service revenue is recognised as those services are provided to customers. Any contracted service revenue is recognised over the contract period on a pro-rata basis, which represents the level of completion of an individual contract. The unrecognised contracted revenue is included as provision for deferred income in the statement of financial position.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

4 continued...
ASPIRE SOFTWARE SYSTEMS LIMITED (REGISTERED NUMBER: 11798002)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


2. ACCOUNTING POLICIES - continued

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on cost

The residual values, estimated useful lives and depreciation method of property, plant and equipment are reviewed, and adjusted as appropriate, at each statement of financial position date. The effects of any revision are recognised in the income statement when the change arises.

Financial instruments
The company only enters into basic financial instruments 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 related parties.

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.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.

Taxation
Taxation for the year 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.

Current or deferred taxation assets and liabilities are not discounted.

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.

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.

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 year end and that are expected to apply to the reversal of the timing difference.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

5 continued...
ASPIRE SOFTWARE SYSTEMS LIMITED (REGISTERED NUMBER: 11798002)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2021 216,811
Additions 10,060
At 31 March 2022 226,871
AMORTISATION
At 1 April 2021 16,172
Charge for year 22,625
At 31 March 2022 38,797
NET BOOK VALUE
At 31 March 2022 188,074
At 31 March 2021 200,639

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2021
and 31 March 2022 2,420
DEPRECIATION
At 1 April 2021 192
Charge for year 363
At 31 March 2022 555
NET BOOK VALUE
At 31 March 2022 1,865
At 31 March 2021 2,228

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 85,608 64,022
Other debtors 14,816 12,061
100,424 76,083

6 continued...
ASPIRE SOFTWARE SYSTEMS LIMITED (REGISTERED NUMBER: 11798002)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 21,306 -
Taxation and social security 15,755 20,590
Other creditors 193,728 216,029
230,789 236,619

7