IRIS Accounts Production v22.1.4.3 09917414 director 1.1.21 31.12.21 31.12.21 false true false false true false A Ordinary 1.00000 B Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure099174142020-12-31099174142021-12-31099174142021-01-012021-12-31099174142019-12-31099174142020-01-012020-12-31099174142020-12-3109917414ns16:EnglandWales2021-01-012021-12-3109917414ns15:PoundSterling2021-01-012021-12-3109917414ns11:Director12021-01-012021-12-3109917414ns11:PrivateLimitedCompanyLtd2021-01-012021-12-3109917414ns11:SmallEntities2021-01-012021-12-3109917414ns11:AuditExemptWithAccountantsReport2021-01-012021-12-3109917414ns11:SmallCompaniesRegimeForDirectorsReport2021-01-012021-12-3109917414ns11:SmallCompaniesRegimeForAccounts2021-01-012021-12-3109917414ns11:FullAccounts2021-01-012021-12-3109917414ns11:OrdinaryShareClass22021-01-012021-12-3109917414ns11:OrdinaryShareClass32021-01-012021-12-3109917414ns11:RegisteredOffice2021-01-012021-12-3109917414ns6:CurrentFinancialInstruments2021-12-3109917414ns6:CurrentFinancialInstruments2020-12-3109917414ns6:ShareCapital2021-12-3109917414ns6:ShareCapital2020-12-3109917414ns6:RetainedEarningsAccumulatedLosses2021-12-3109917414ns6:RetainedEarningsAccumulatedLosses2020-12-3109917414ns6:FurnitureFittings2020-12-3109917414ns6:ComputerEquipment2020-12-3109917414ns6:FurnitureFittings2021-01-012021-12-3109917414ns6:ComputerEquipment2021-01-012021-12-3109917414ns6:FurnitureFittings2021-12-3109917414ns6:ComputerEquipment2021-12-3109917414ns6:FurnitureFittings2020-12-3109917414ns6:ComputerEquipment2020-12-3109917414ns6:WithinOneYearns6:CurrentFinancialInstruments2021-12-3109917414ns6:WithinOneYearns6:CurrentFinancialInstruments2020-12-3109917414ns11:OrdinaryShareClass22021-12-3109917414ns11:OrdinaryShareClass32021-12-3109917414ns11:Director112020-12-3109917414ns11:Director112019-12-3109917414ns11:Director112021-01-012021-12-3109917414ns11:Director112020-01-012020-12-3109917414ns11:Director112021-12-3109917414ns11:Director112020-12-31
REGISTERED NUMBER: 09917414 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

THE INSPIRING LEADERS NETWORK LTD.

THE INSPIRING LEADERS NETWORK LTD. (REGISTERED NUMBER: 09917414)






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

Chartered Accountants' Report 8

THE INSPIRING LEADERS NETWORK LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTOR: Ms K Stott





REGISTERED OFFICE: 50 Rushley Drive
Sheffield
South Yorkshire
S17 3EN





REGISTERED NUMBER: 09917414 (England and Wales)





ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB

THE INSPIRING LEADERS NETWORK LTD. (REGISTERED NUMBER: 09917414)

BALANCE SHEET
31 DECEMBER 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,196 1,088

CURRENT ASSETS
Debtors 5 110,131 60,830
Cash at bank 17,167 39,475
127,298 100,305
CREDITORS
Amounts falling due within one year 6 59,818 56,814
NET CURRENT ASSETS 67,480 43,491
TOTAL ASSETS LESS CURRENT LIABILITIES 69,676 44,579

PROVISIONS FOR LIABILITIES 417 207
NET ASSETS 69,259 44,372

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 69,159 44,272
SHAREHOLDERS' FUNDS 69,259 44,372

THE INSPIRING LEADERS NETWORK LTD. (REGISTERED NUMBER: 09917414)

BALANCE SHEET - continued
31 DECEMBER 2021


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 her 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 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 and authorised for issue by the director and authorised for issue on 13 September 2022 and were signed by:





Ms K Stott - Director


THE INSPIRING LEADERS NETWORK LTD. (REGISTERED NUMBER: 09917414)

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

1. STATUTORY INFORMATION

The Inspiring Leaders Network Ltd. 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

When the outcome of a transaction can be estimated reliably, turnover from management activities is recognised by reference to the stage of completion at the balance sheet date.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:


Computer equipment- 20% on cost
Furniture and fixtures- 15% reducing balance

THE INSPIRING LEADERS NETWORK LTD. (REGISTERED NUMBER: 09917414)

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

2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

THE INSPIRING LEADERS NETWORK LTD. (REGISTERED NUMBER: 09917414)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2021 874 1,279 2,153
Additions - 1,656 1,656
At 31 December 2021 874 2,935 3,809
DEPRECIATION
At 1 January 2021 351 714 1,065
Charge for year 79 469 548
At 31 December 2021 430 1,183 1,613
NET BOOK VALUE
At 31 December 2021 444 1,752 2,196
At 31 December 2020 523 565 1,088

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 77,739 48,120
Directors' current accounts 32,226 12,597
Called up share capital not paid 100 100
Prepayments and accrued income 66 13
110,131 60,830

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans and overdrafts 952 -
Trade creditors 73 -
Corporation tax 29,045 41,906
VAT 23,564 12,741
Other creditors 4,097 31
Accruals and deferred income 2,087 2,136
59,818 56,814

THE INSPIRING LEADERS NETWORK LTD. (REGISTERED NUMBER: 09917414)

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

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.21 31.12.20
value: £    £   
50 A Ordinary £1 50 50
50 B Ordinary £1 50 50
100 100

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2021 and 31 December 2020:

31.12.21 31.12.20
£    £   
Ms K Stott
Balance outstanding at start of year 12,596 10,835
Amounts advanced 66,767 104,757
Amounts repaid (47,138 ) (102,996 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 32,225 12,596

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
THE INSPIRING LEADERS NETWORK LTD.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Inspiring Leaders Network Ltd. for the year ended 31 December 2021 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of The Inspiring Leaders Network Ltd. in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Inspiring Leaders Network Ltd. and state those matters that we have agreed to state to the director of The Inspiring Leaders Network Ltd. in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Inspiring Leaders Network Ltd. and its director for our work or for this report.

It is your duty to ensure that The Inspiring Leaders Network Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Inspiring Leaders Network Ltd.. You consider that The Inspiring Leaders Network Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Inspiring Leaders Network Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB


13 September 2022