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REGISTERED NUMBER: 05146682 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2021

FOR

INSPIRE FIELD
MARKETING LIMITED

INSPIRE FIELD
MARKETING LIMITED (REGISTERED NUMBER: 05146682)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INSPIRE FIELD
MARKETING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTOR: P J Marsh





REGISTERED OFFICE: Unit 3
Elm Court, Meriden Business Park
Copse Drive
Coventry
CV5 9RG





REGISTERED NUMBER: 05146682 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
5 Argosy Court
Scimitar Way
Whitley Business Park
Coventry
CV3 4GA

INSPIRE FIELD
MARKETING LIMITED (REGISTERED NUMBER: 05146682)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,118 29,409

CURRENT ASSETS
Debtors 5 337,773 857,494
Cash at bank 798,956 364,557
1,136,729 1,222,051
CREDITORS
Amounts falling due within one year 6 411,068 785,159
NET CURRENT ASSETS 725,661 436,892
TOTAL ASSETS LESS CURRENT
LIABILITIES

774,779

466,301

PROVISIONS FOR LIABILITIES 6,553 2,631
NET ASSETS 768,226 463,670

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 768,126 463,570
SHAREHOLDERS' FUNDS 768,226 463,670

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

INSPIRE FIELD
MARKETING LIMITED (REGISTERED NUMBER: 05146682)

BALANCE SHEET - continued
31 DECEMBER 2021


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 12 August 2022 and were signed by:





P J Marsh - Director


INSPIRE FIELD
MARKETING LIMITED (REGISTERED NUMBER: 05146682)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021


1. STATUTORY INFORMATION

Inspire Field Marketing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.


Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

INSPIRE FIELD
MARKETING LIMITED (REGISTERED NUMBER: 05146682)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 500 (2020 - 545 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2021 31,929 28,917 60,846
Additions - 36,995 36,995
Disposals - (19,250 ) (19,250 )
At 31 December 2021 31,929 46,662 78,591
DEPRECIATION
At 1 January 2021 19,479 11,958 31,437
Charge for year 2,490 6,634 9,124
Eliminated on disposal - (11,088 ) (11,088 )
At 31 December 2021 21,969 7,504 29,473
NET BOOK VALUE
At 31 December 2021 9,960 39,158 49,118
At 31 December 2020 12,450 16,959 29,409

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 282,704 786,100
Other debtors 55,069 71,394
337,773 857,494

Included within trade debtors are amounts totalling £282,704 (2020: £786,100) which are subject to an invoice discounting agreement.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 38,288 456,430
Taxation and social security 217,430 105,230
Other creditors 155,350 223,499
411,068 785,159

INSPIRE FIELD
MARKETING LIMITED (REGISTERED NUMBER: 05146682)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2021 2020
£    £   
Within one year - 21,050
Between one and five years - 45,608
- 66,658