Inspired Company Services Limited |
Registered number: |
04697878 |
Balance Sheet |
as at 30 September 2023 |
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At 30 September |
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At 31 March |
Notes |
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2023 |
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2022 |
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|
£ |
£ |
|
£ |
£ |
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) |
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|
- |
|
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. |
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|
|
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 |
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1 |
Accounting policies |
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Basis of preparation |
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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. |
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Turnover |
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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. |
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Tangible fixed assets |
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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: |
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Office Equipment |
20% reducing balance |
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Debtors |
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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. |
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Creditors |
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Short term creditors are measured at transaction price. Loans and other financial liabilities are also recognised at transaction price net of any transaction costs. |
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Taxation |
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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. |
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2 |
Employees |
2023 |
|
2022 |
Number |
Number |
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Average number of persons employed by the company |
2 |
|
2 |
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|
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|
3 |
Taxation |
2023 |
|
2022 |
£ |
£ |
|
|
UK corporation tax |
3,216 |
|
- |
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|
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|
4 |
Tangible fixed assets |
|
|
|
|
|
|
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|
Office Equipment |
£ |
|
Cost |
|
Additions |
1,039 |
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At 30 September 2023 |
1,039 |
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Depreciation |
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Charge for the period |
208 |
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At 30 September 2023 |
208 |
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|
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Net book value |
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At 30 September 2023 |
831 |
|
|
|
|
|
|
|
|
|
|
|
|
5 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
|
Other debtors |
- |
|
100 |
|
Net investment in hire agreements |
14,361 |
|
- |
|
|
|
|
|
|
14,361 |
|
100 |
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|
|
|
|
|
|
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|
6 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Bank loan |
10,860 |
|
- |
|
Trade creditors |
11,204 |
|
- |
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Corporation tax |
3,216 |
|
- |
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Directors loans |
166 |
|
- |
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Accruals and deferred income |
1,440 |
|
- |
|
|
|
|
|
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26,886 |
|
- |
|
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7 |
Other information |
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Inspired Company Services Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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Whitebirch House |
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Markers Uffculme |
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Cullumpton |
|
Devon |
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EX15 3DZ |