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REGISTERED NUMBER: 12206611 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2022

for

Inspire Management Group Ltd

Inspire Management Group Ltd (Registered number: 12206611)






Contents of the Financial Statements
for the Year Ended 30 September 2022




Page

Balance Sheet 1

Notes to the Financial Statements 3


Inspire Management Group Ltd (Registered number: 12206611)

Balance Sheet
30 September 2022

30.9.22 30.9.21
Notes £ £
Fixed assets
Tangible assets 4 2,943 -

Current assets
Debtors 5 155,574 35,000
Cash at bank 378 4,727
155,952 39,727
Creditors
Amounts falling due within one year 6 (125,413 ) (1,694 )
Net current assets 30,539 38,033
Total assets less current liabilities 33,482 38,033

Creditors
Amounts falling due after more than
one year

7

(33,000

)

(37,500

)
Net assets 482 533

Capital and reserves
Called up share capital 9 100 100
Retained earnings 10 382 433
Shareholders' funds 482 533

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 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 Management Group Ltd (Registered number: 12206611)

Balance Sheet - continued
30 September 2022


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 29 September 2023 and were signed by:





Lalhriatpu Khenglawt - Director


Inspire Management Group Ltd (Registered number: 12206611)

Notes to the Financial Statements
for the Year Ended 30 September 2022

1. Statutory information

Inspire Management Group Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12206611

Registered office: Siddleley House
50 Canbury Park Road
Kingston Upon Thames
KT2 6LX

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Inspire Management Group Ltd (Registered number: 12206611)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2022

2. Accounting policies - continued

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 27 (2021 - 24 ) .

4. Tangible fixed assets
Fixtures
and
fittings
£
Cost
Additions 2,943
At 30 September 2022 2,943
Net book value
At 30 September 2022 2,943

5. Debtors: amounts falling due within one year
30.9.22 30.9.21
£ £
Other debtors 155,574 35,000

6. Creditors: amounts falling due within one year
30.9.22 30.9.21
£ £
Trade creditors 1 -
Corporation tax 26,936 101
Social security and other taxes 96,883 -
Other creditors 1,593 1,593
125,413 1,694

7. Creditors: amounts falling due after more than one year
30.9.22 30.9.21
£ £
Bank loans (see note 8) 33,000 37,500

Inspire Management Group Ltd (Registered number: 12206611)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2022

8. Loans

An analysis of the maturity of loans is given below:

30.9.22 30.9.21
£ £
Amounts falling due between one and two years:
Bank loans > 1 year 33,000 37,500

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.22 30.9.21
value: £ £
100 Ordinary shares 1 100 100

10. Reserves
Retained
earnings
£

At 1 October 2021 433
Profit for the year 114,400
Dividends (114,451 )
At 30 September 2022 382