Company Registration No. 09904719 (England and Wales)
Aspire Inns Ltd
Unaudited accounts
for the year ended 31 December 2020
Aspire Inns Ltd
Unaudited accounts
Contents
Aspire Inns Ltd
Company Information
for the year ended 31 December 2020
Directors
Mr M Cooper
Mr J McGregor
Company Number
09904719 (England and Wales)
Registered Office
The Wheatsheaf Inn
22 High Street
Ingleton
Lancashire
LA6 3AD
Accountants
Blend Accountants
231-233 Marine Road Central
Morecambe
Lancashire
LA4 4BQ
Aspire Inns Ltd
Statement of financial position
as at
31 December 2020
Tangible assets
7,084
8,261
Cash at bank and in hand
148,896
144,624
Creditors: amounts falling due within one year
(80,261)
(165,759)
Net current assets
178,160
47,775
Total assets less current liabilities
185,244
56,036
Creditors: amounts falling due after more than one year
(100,000)
-
Called up share capital
2
2
Profit and loss account
85,242
56,034
Shareholders' funds
85,244
56,036
For the year ending 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 March 2021 and were signed on its behalf by
Mr M Cooper
Director
Company Registration No. 09904719
Aspire Inns Ltd
Notes to the Accounts
for the year ended 31 December 2020
Aspire Inns Ltd is a private company, limited by shares, registered in England and Wales, registration number 09904719. The registered office is The Wheatsheaf Inn, 22 High Street, Ingleton, Lancashire, LA6 3AD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Computer equipment
40% Reducing balance
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2020
2,939
10,095
13,034
At 31 December 2020
2,939
13,090
16,029
At 1 January 2020
735
4,038
4,773
Charge for the year
551
3,621
4,172
At 31 December 2020
1,286
7,659
8,945
At 31 December 2020
1,653
5,431
7,084
At 31 December 2019
2,204
6,057
8,261
Aspire Inns Ltd
Notes to the Accounts
for the year ended 31 December 2020
5
Debtors: amounts falling due within one year
2020
2019
Trade debtors
15,989
2,851
Amounts due from group undertakings etc.
52,000
-
Other debtors
14,233
63,162
6
Creditors: amounts falling due within one year
2020
2019
Trade creditors
38,772
69,985
Taxes and social security
31,326
47,441
Other creditors
11,216
5,972
Loans from directors
14,772
10,500
7
Creditors: amounts falling due after more than one year
2020
2019
8
Share capital
2020
2019
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 25 (2019: 36).