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ASPIRE ACTIVE EDUCATION GROUP LIMITED |
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Unaudited Financial Statements |
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for the Period 29 April 2016 to 31 August 2017 |
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ASPIRE ACTIVE EDUCATION GROUP LIMITED |
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Unaudited Financial Statements |
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for the Period 29 April 2016 to 31 August 2017 |
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ASPIRE ACTIVE EDUCATION GROUP LIMITED (REGISTERED NUMBER: 10156357) |
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Contents of the Financial Statements |
for the Period 29 April 2016 to 31 August 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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ASPIRE ACTIVE EDUCATION GROUP LIMITED |
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Company Information |
for the Period 29 April 2016 to 31 August 2017 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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88 Hill Village Road |
Sutton Coldfield |
West Midlands |
B75 5BE |
ASPIRE ACTIVE EDUCATION GROUP LIMITED (REGISTERED NUMBER: 10156357) |
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Balance Sheet |
31 August 2017 |
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Notes | £ |
FIXED ASSETS |
Investments | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 | ( |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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The directors acknowledge their 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 Board of Directors on
behalf by: |
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ASPIRE ACTIVE EDUCATION GROUP LIMITED (REGISTERED NUMBER: 10156357) |
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Notes to the Financial Statements |
for the Period 29 April 2016 to 31 August 2017 |
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1. | STATUTORY INFORMATION |
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Aspire Active Education Group Limited is a
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and Wales. The company's registered number and registered office address can be found on the |
Company Information page. |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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These financial statements for the period ended 31 August 2017 are the first financial statements that |
comply with FRS 102 Section 1A small entities. |
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In preparing the accounts the directors have considered whether in applying the accounting policies |
required by FRS 102 Section 1A the restatement of comparatives was required. At the date of |
transition there were no restatements necessary. |
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The accounts are prepared on the going concern basis on the assumption that the company's |
creditors, in particular the company's directors, continue to provide financial support to the company. |
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Preparation of consolidated financial statements |
The financial statements contain information about Aspire Active Education Group Limited as an |
individual company and do not contain consolidated financial information as the parent of a group. The |
company has taken the option under Section 398 of the Companies Act 2006 not to prepare |
consolidated financial statements. |
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Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 |
'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related |
party transactions with wholly owned subsidiaries within the group. |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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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 balance sheet date. |
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ASPIRE ACTIVE EDUCATION GROUP LIMITED (REGISTERED NUMBER: 10156357) |
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Notes to the Financial Statements - continued |
for the Period 29 April 2016 to 31 August 2017 |
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3. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet 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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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
Additions |
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At 31 August 2017 |
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NET BOOK VALUE |
At 31 August 2017 |
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On 17 December 2016 Aspire Active Education Group Limited acquired shares in the following |
companies: |
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100% of the ordinary share capital of Aspire Sports Health & Fitness Limited; |
100% of the ordinary share capital of Aspire Training Solutions (UK) Limited; and |
75% of the ordinary share capital of Aspire Active Camps Limited. |
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These shares were acquired from the Directors in a share for share exchange. |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Taxation and social security |
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Other creditors |
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ASPIRE ACTIVE EDUCATION GROUP LIMITED (REGISTERED NUMBER: 10156357) |
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Notes to the Financial Statements - continued |
for the Period 29 April 2016 to 31 August 2017 |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
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Ordinary | £1 | 2 |
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