Registered number
04697878
Inspired Company Services Limited
Report and Unaudited Accounts
30 September 2023
Collins
Chartered Accountants
West Midlands
Inspired Company Services Limited
Registered number: 04697878
Balance Sheet
as at 30 September 2023
At 30 September At 31 March
Notes 2023 2022
£ £ £ £
Fixed assets
Tangible assets 4 831 -
Current assets
Debtors 5 14,361 100
Cash at bank and in hand 13,834 -
28,195 100
Creditors: amounts falling due within one year 6 (26,886) -
Net current assets 1,309 100
Net assets 2,140 100
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,040 -
Shareholders' funds 2,140 100
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R M Warner
Directors
Approved by the board on 14 March 2024
Inspired Company Services Limited
Notes to the Accounts
for the period from 1 April 2022 to 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 (as applicable to small companies), The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and comprises rentals received in the period,together with extension rentals and fees.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office Equipment 20% reducing balance
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts.The net investment in hire agreement represents rental payments recoverable, net of their future interest elements and any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are also recognised at transaction price net of any transaction costs.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Taxation 2023 2022
£ £
UK corporation tax 3,216 -
4 Tangible fixed assets
Office Equipment
£
Cost
Additions 1,039
At 30 September 2023 1,039
Depreciation
Charge for the period 208
At 30 September 2023 208
Net book value
At 30 September 2023 831
5 Debtors 2023 2022
£ £
Other debtors - 100
Net investment in hire agreements 14,361 -
14,361 100
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loan 10,860 -
Trade creditors 11,204 -
Corporation tax 3,216 -
Directors loans 166 -
Accruals and deferred income 1,440 -
26,886 -
7 Other information
Inspired Company Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Whitebirch House
Markers Uffculme
Cullumpton
Devon
EX15 3DZ
Inspired Company Services Limited 04697878 false 2022-04-01 2023-09-30 2023-09-30 VT Final Accounts October 2023 R M Warner No description of principal activity 04697878 2021-04-01 2022-03-31 04697878 core:WithinOneYear 2022-03-31 04697878 core:ShareCapital 2022-03-31 04697878 core:RetainedEarningsAccumulatedLosses 2022-03-31 04697878 2022-04-01 2023-09-30 04697878 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-09-30 04697878 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-09-30 04697878 bus:Director40 2022-04-01 2023-09-30 04697878 1 2022-04-01 2023-09-30 04697878 2 2022-04-01 2023-09-30 04697878 core:OfficeEquipment 2022-04-01 2023-09-30 04697878 countries:England 2022-04-01 2023-09-30 04697878 bus:FRS102 2022-04-01 2023-09-30 04697878 bus:FullAccounts 2022-04-01 2023-09-30 04697878 2023-09-30 04697878 core:WithinOneYear 2023-09-30 04697878 core:ShareCapital 2023-09-30 04697878 core:RetainedEarningsAccumulatedLosses 2023-09-30 04697878 core:OfficeEquipment 2023-09-30 04697878 2022-03-31 iso4217:GBP xbrli:pure