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Company Registration No. 11369482 (England and Wales)
Inspire Party Hire Ltd Unaudited accounts for the period from 1 June 2022 to 31 March 2023
Inspire Party Hire Ltd Unaudited accounts Contents
Page
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Inspire Party Hire Ltd Company Information for the period from 1 June 2022 to 31 March 2023
Director
Shamar - Lee Wilson
Company Number
11369482 (England and Wales)
Registered Office
53 MANOR ROAD LONDON E10 7AL UNITED KINGDOM
Accountants
NRM Accountancy Services Ltd 70 Wood Street Walthamstow London E17 3HT
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Inspire Party Hire Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,309 
21,221 
Creditors: amounts falling due within one year
(40,010)
(40,445)
Net current liabilities
(40,010)
(40,445)
Net liabilities
(20,701)
(19,224)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(20,702)
(19,225)
Shareholders' funds
(20,701)
(19,224)
For the period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 January 2024 and were signed on its behalf by
Shamar - Lee Wilson Director Company Registration No. 11369482
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Inspire Party Hire Ltd Notes to the Accounts for the period from 1 June 2022 to 31 March 2023
1
Statutory information
Inspire Party Hire Ltd is a private company, limited by shares, registered in England and Wales, registration number 11369482. The registered office is 53 MANOR ROAD, LONDON, E10 7AL, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
18% reducing balance basis
Fixtures & fittings
18% reducing balance basis
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2022
18,300 
20,815 
39,115 
At 31 March 2023
18,300 
20,815 
39,115 
Depreciation
At 1 June 2022
8,210 
9,684 
17,894 
Charge for the period
950 
962 
1,912 
At 31 March 2023
9,160 
10,646 
19,806 
Net book value
At 31 March 2023
9,140 
10,169 
19,309 
At 31 May 2022
10,090 
11,131 
21,221 
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Inspire Party Hire Ltd Notes to the Accounts for the period from 1 June 2022 to 31 March 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
825 
894 
Obligations under finance leases and hire purchase contracts
12,951 
13,692 
Loans from directors
25,874 
25,499 
Accruals
360 
360 
40,010 
40,445 
6
Average number of employees
During the period the average number of employees was 0 (2022: 0).
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