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Company Registration No. 13371753 (England and Wales)
INSPIRED BY AFRICA LTD Unaudited accounts for the year ended 31 May 2023
INSPIRED BY AFRICA LTD Unaudited accounts Contents
Page
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INSPIRED BY AFRICA LTD Company Information for the year ended 31 May 2023
Director
RICHMOND OSEI-AKOTO
Company Number
13371753 (England and Wales)
Registered Office
26 WILKINS CLOSE MITCHAM CR4 3SA ENGLAND
Accountants
FRESH FIRE ORGANISATION GENERATOR BUSINESS CENTRE 95 MILES ROAD MITCHAM CR4 3FH
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INSPIRED BY AFRICA LTD Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
425 
531 
Current assets
Cash at bank and in hand
3,707 
2,414 
Creditors: amounts falling due within one year
(3,623)
(1,300)
Net current assets
84 
1,114 
Total assets less current liabilities
509 
1,645 
Creditors: amounts falling due after more than one year
(171)
(1,200)
Net assets
338 
445 
Reserves
Profit and loss account
338 
445 
Members' funds
338 
445 
For the year ending 31 May 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 22 February 2024 and were signed on its behalf by
RICHMOND OSEI-AKOTO Director Company Registration No. 13371753
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INSPIRED BY AFRICA LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
INSPIRED BY AFRICA LTD is a private company, limited by guarantee, registered in England and Wales, registration number 13371753. The registered office is 26 WILKINS CLOSE, MITCHAM, CR4 3SA, ENGLAND.
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 year, 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:
Plant & machinery
Depreciation is calculated at 20% reducing balance method
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 June 2022
663 
At 31 May 2023
663 
Depreciation
At 1 June 2022
132 
Charge for the year
106 
At 31 May 2023
238 
Net book value
At 31 May 2023
425 
At 31 May 2022
531 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Accruals
2,623 
300 
Deferred income
1,000 
1,000 
3,623 
1,300 
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INSPIRED BY AFRICA LTD Notes to the Accounts for the year ended 31 May 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
171 
1,200 
7
Company limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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