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REGISTERED NUMBER: 08998069 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

ESPIRE CONSULTANCY LTD

ESPIRE CONSULTANCY LTD (REGISTERED NUMBER: 08998069)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ESPIRE CONSULTANCY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: Mr Muhammad Azher Tayyab





REGISTERED OFFICE: Suite 2, 1174 Stratford Road
Hall Green
Birmingham
B28 8AQ





REGISTERED NUMBER: 08998069 (England and Wales)





ACCOUNTANTS: Hybrid Accountancy Limited
Suite 3, 16 Village Way East
Harrow
HA2 7LU

ESPIRE CONSULTANCY LTD (REGISTERED NUMBER: 08998069)

BALANCE SHEET
30 JUNE 2023

30/6/23 30/6/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,157 8,946
7,157 8,946

CURRENT ASSETS
Debtors 6 27,577 19,134
Cash at bank and in hand 4,548 4,703
32,125 23,837
CREDITORS
Amounts falling due within one year 7 20,108 21,325
NET CURRENT ASSETS 12,017 2,512
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,174

11,458

CAPITAL AND RESERVES
Called up share capital 9 50,100 50,100
Retained earnings (30,926 ) (38,642 )
SHAREHOLDERS' FUNDS 19,174 11,458

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

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 20 October 2023 and were signed by:




Mr Muhammad Azher Tayyab - Director


ESPIRE CONSULTANCY LTD (REGISTERED NUMBER: 08998069)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Espire Consultancy 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.

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.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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
Computer equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 July 2022 1,200
Disposals (1,200 )
At 30 June 2023 -
AMORTISATION
At 1 July 2022 1,200
Eliminated on disposal (1,200 )
At 30 June 2023 -
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

ESPIRE CONSULTANCY LTD (REGISTERED NUMBER: 08998069)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 2,041 32,244 34,285
DEPRECIATION
At 1 July 2022 1,691 23,648 25,339
Charge for year 70 1,719 1,789
At 30 June 2023 1,761 25,367 27,128
NET BOOK VALUE
At 30 June 2023 280 6,877 7,157
At 30 June 2022 350 8,596 8,946

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Trade debtors - 349
Amounts owed by group undertakings 9,308 9,308
Other debtors 18,269 9,906
Prepayments and accrued income - (429 )
27,577 19,134

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Bank loans and overdrafts (see note 8) 14,524 16,450
Social security and other taxes 393 134
Net wages 3,991 4,141
Accrued expenses 1,200 600
20,108 21,325

8. LOANS

An analysis of the maturity of loans is given below:

30/6/23 30/6/22
£    £   
Amounts falling due within one year or on demand:
Bank loans 14,524 16,450

ESPIRE CONSULTANCY LTD (REGISTERED NUMBER: 08998069)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/6/23 30/6/22
value: £    £   
50,100 Ordinary 1 50,100 50,100

This made up the total share capital to £50,100.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr Muhammad Azher Tayyab.

Directors are the ultimate controlling party.