Aspire and Succeed
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Registered number: |
06722321
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Balance Sheet |
as at 31 March 2016
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2016 |
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2015 |
£ |
£ |
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Fixed assets |
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3,956 |
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2,935 |
Current assets |
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43,846 |
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9,288 |
Creditors: amounts falling due within one year |
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(2,145) |
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- |
Net current assets |
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41,701 |
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9,288 |
Total assets less current liabilities |
|
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45,657 |
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12,223 |
Accruals and deferred income |
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(41,383) |
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(4,254) |
Net assets |
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4,274 |
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7,969 |
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Members' funds |
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4,274 |
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7,969 |
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1 Government Grants |
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Government grants are recognised at fair value when there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Grants relating to assets are treated as deferred income and released to Profit and Loss Account over the useful life of the asset, while revenue grants relating to revenue expenditure are recognised as income in the Profit and Loss Account over the periods in which related costs are compensated. |
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2 Legal status of the company |
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The company is a limited by guarantee and has no share capital. The liability of each member in the event of winding-up is restricted to £1. |
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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.
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The member has not required the company to obtain an audit in accordance with section 476 of the Act.
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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.
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The accounts have been prepared in accordance with the micro entity provisions of the Companies Act 2006 and the Financial Reporting Standard For Smaller Entities (effective January 2015). The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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Mr S Ahmed |
Director |
Approved by the board on 5 December 2016
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