IRIS Accounts Production v23.3.0.418 05019296 Board of Directors Board of Directors 1.2.22 31.1.23 31.1.23 false true false false false false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh050192962022-01-31050192962023-01-31050192962022-02-012023-01-31050192962021-01-31050192962021-02-012022-01-31050192962022-01-3105019296ns10:Originalns15:EnglandWales2022-02-012023-01-3105019296ns14:PoundSterlingns10:Original2022-02-012023-01-3105019296ns10:Originalns10:Director12022-02-012023-01-3105019296ns10:Original2022-02-012023-01-3105019296ns10:Originalns10:Director22022-02-012023-01-3105019296ns10:Original2023-01-3105019296ns10:Originalns10:PrivateLimitedCompanyLtd2022-02-012023-01-3105019296ns10:Originalns10:Micro-entities2022-02-012023-01-3105019296ns10:Originalns10:AuditExempt-NoAccountantsReport2022-02-012023-01-3105019296ns10:Originalns10:FullAccounts2022-02-012023-01-3105019296ns10:Original12022-02-012023-01-3105019296ns10:Original2022-01-3105019296ns10:Originalns5:CurrentFinancialInstruments2023-01-3105019296ns10:Originalns5:CurrentFinancialInstruments2022-01-3105019296ns10:Originalns5:Non-currentFinancialInstruments2023-01-3105019296ns10:Originalns5:Non-currentFinancialInstruments2022-01-3105019296ns10:Originalns10:RegisteredOffice2022-02-012023-01-3105019296ns10:Original2021-02-012022-01-3105019296ns10:Original1ns10:Director12022-01-3105019296ns10:Original1ns10:Director12021-01-3105019296ns10:Original1ns10:Director12022-02-012023-01-3105019296ns10:Original1ns10:Director12021-02-012022-01-3105019296ns10:Original1ns10:Director12023-01-3105019296ns10:Original1ns10:Director12022-01-3105019296ns10:Originalns10:Director222022-01-3105019296ns10:Originalns10:Director222021-01-3105019296ns10:Originalns10:Director222022-02-012023-01-3105019296ns10:Originalns10:Director222021-02-012022-01-3105019296ns10:Originalns10:Director222023-01-3105019296ns10:Originalns10:Director222022-01-31
REGISTERED NUMBER: 05019296 (England and Wales)













INSPIRATION WEALTH MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023






INSPIRATION WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 05019296)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Statement of Financial Position 1


INSPIRATION WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 05019296)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2023

2023 2022
£ £ £ £
FIXED ASSETS 1,621 2,162

CURRENT ASSETS 67,937 73,176

CREDITORS
Amounts falling due within one year (57,510 ) (58,040 )
NET CURRENT ASSETS 10,427 15,136
TOTAL ASSETS LESS CURRENT LIABILITIES 12,048 17,298

CREDITORS
Amounts falling due after more than one year 12,083 17,083
NET (LIABILITIES)/ASSETS (35 ) 215

CAPITAL AND RESERVES (35 ) 215

NOTES TO THE FINANCIAL STATEMENTS

1. STATUTORY INFORMATION

Inspiration Wealth Management Limited 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: 05019296

Registered office: 42 Rhydypenau Road
Cyncoed
Cardiff
CF23 6PT

2. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 2 (2022 - 2 ) .

INSPIRATION WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 05019296)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 2023

NOTES TO THE FINANCIAL STATEMENTS

3. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2023 and 31 January 2022:

2023 2022
£ £
Mrs. H Jenkins
Balance outstanding at start of year 31,731 17,233
Amounts advanced 70,134 74,318
Amounts repaid (68,170 ) (59,820 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 33,695 31,731

Ms. J White
Balance outstanding at start of year 17,222 15,308
Amounts advanced 42,872 47,184
Amounts repaid (42,086 ) (45,270 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,008 17,222

As at the year end the company directors owed the company £51,203.

The loan is repayable on demand and interest (2.5% p.a.) of £1,197 was charged by the company during the year.



The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

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.

INSPIRATION WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 05019296)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 2023


The financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2023 and were signed on its behalf by:




Mrs. H Jenkins - Director



Ms. J White - Director