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REGISTERED NUMBER: SC370675 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

INSPIRED DESIGN & DEVELOPMENT LIMITED

INSPIRED DESIGN & DEVELOPMENT LIMITED (REGISTERED NUMBER: SC370675)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

INSPIRED DESIGN & DEVELOPMENT LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: Mr G Black
Mrs K Black





SECRETARY: Mrs K Black





REGISTERED OFFICE: 27 Evan Street
Stonehaven
Aberdeenshire
AB39 2EQ





REGISTERED NUMBER: SC370675 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX

INSPIRED DESIGN & DEVELOPMENT LIMITED (REGISTERED NUMBER: SC370675)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,450 59,688

CURRENT ASSETS
Debtors 5 80,441 69,044
Cash at bank and in hand 4,408 28,353
84,849 97,397
CREDITORS
Amounts falling due within one year 6 64,376 72,844
NET CURRENT ASSETS 20,473 24,553
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,923

84,241

CREDITORS
Amounts falling due after more than one year 7 (17,385 ) (27,560 )

PROVISIONS FOR LIABILITIES 9 (2,340 ) (1,290 )
NET ASSETS 58,198 55,391

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 58,098 55,291
SHAREHOLDERS' FUNDS 58,198 55,391

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

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

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 Board of Directors and authorised for issue on 17 November 2023 and were signed on its behalf by:





Mr G Black - Director


INSPIRED DESIGN & DEVELOPMENT LIMITED (REGISTERED NUMBER: SC370675)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Inspired Design & Development Limited is a private company, limited by shares , registered in Scotland. 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 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.
Freehold property - Straight line over 20 years
Plant and machinery - Straight line over 5 years
Fixtures and fittings - Straight line over 3 years
Computer equipment - Straight line over 3 years

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 6 (2022 - 7 ) .

INSPIRED DESIGN & DEVELOPMENT LIMITED (REGISTERED NUMBER: SC370675)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 91,272 - 11,924 12,580 115,776
Additions - 5,783 - 342 6,125
Disposals - - (1,134 ) (1,837 ) (2,971 )
At 31 March 2023 91,272 5,783 10,790 11,085 118,930
DEPRECIATION
At 1 April 2022 38,621 - 10,234 7,233 56,088
Charge for year 4,563 112 799 2,465 7,939
Eliminated on disposal - - (710 ) (1,837 ) (2,547 )
At 31 March 2023 43,184 112 10,323 7,861 61,480
NET BOOK VALUE
At 31 March 2023 48,088 5,671 467 3,224 57,450
At 31 March 2022 52,651 - 1,690 5,347 59,688

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 60,783 32,857
Other debtors 19,658 36,187
80,441 69,044

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,461 14,567
Trade creditors - 1,240
Taxation and social security 44,098 53,480
Other creditors 8,817 3,557
64,376 72,844

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 17,385 27,560

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 28,846 42,127

There is a floating charge which covers all property or undertaking of the company.

INSPIRED DESIGN & DEVELOPMENT LIMITED (REGISTERED NUMBER: SC370675)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 2,340 1,290

Deferred
tax
£   
Balance at 1 April 2022 1,290
Movement 1,050
Balance at 31 March 2023 2,340

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits due from a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr G Black
Balance outstanding at start of year 14,976 1,749
Amounts advanced 25,850 37,749
Amounts repaid (41,683 ) (24,522 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (857 ) 14,976

The loan is interest free and has no repayment date.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
INSPIRED DESIGN & DEVELOPMENT LIMITED (REGISTERED NUMBER: SC370675)

The following reproduces the text of the report prepared for the directors 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 Statement of Comprehensive Income and certain other primary statements and the Report of the Directors 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 Inspired Design & Development Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Inspired Design & Development Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Inspired Design & Development Limited and state those matters that we have agreed to state to the Board of Directors of Inspired Design & Development Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Inspired Design & Development Limited 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 Inspired Design & Development Limited. You consider that Inspired Design & Development Limited 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 Inspired Design & Development Limited. 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.






Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX


17 November 2023