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REGISTERED NUMBER: 07380999 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

INSPIRE WINDOWS LTD

INSPIRE WINDOWS LTD (REGISTERED NUMBER: 07380999)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INSPIRE WINDOWS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: N A Evans
R L Gregory





REGISTERED OFFICE: 17 Waterside Business Park
Lamby Way
Rumney
Cardiff
CF3 2ET





REGISTERED NUMBER: 07380999 (England and Wales)





ACCOUNTANTS: Graham Paul Limited
Court House
Court Road
Bridgend
CF31 1BE

INSPIRE WINDOWS LTD (REGISTERED NUMBER: 07380999)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 307,591 37,416

CURRENT ASSETS
Stocks 30,900 53,757
Debtors 5 2,317 11,609
Cash at bank 108,184 79,868
141,401 145,234
CREDITORS
Amounts falling due within one year 6 226,494 116,350
NET CURRENT (LIABILITIES)/ASSETS (85,093 ) 28,884
TOTAL ASSETS LESS CURRENT
LIABILITIES

222,498

66,300

CREDITORS
Amounts falling due after more than one
year

7

(167,979

)

(13,039

)

PROVISIONS FOR LIABILITIES (7,324 ) (7,109 )
NET ASSETS 47,195 46,152

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 47,095 46,052
SHAREHOLDERS' FUNDS 47,195 46,152

INSPIRE WINDOWS LTD (REGISTERED NUMBER: 07380999)

BALANCE SHEET - continued
30 SEPTEMBER 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 28 February 2024 and were signed on its behalf by:





N A Evans - Director


INSPIRE WINDOWS LTD (REGISTERED NUMBER: 07380999)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Inspire Windows Ltd is a private company, limited by shares , registered in England and Wales. 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 of product and services provided (net of VAT and trade discounts). Income is recognised when the services have been provided and the right to consideration earned.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price plus any costs directly attributable to making the asset capable of operating as and where intended.

Depreciation is provided at the following annual rates in order to write off the cost, less estimated residual value, of each asset on a systematic basis over its estimated useful life, or if held under a finance lease, over the lease term, whichever is shorter:

Plant and Machinery 20%
Fixtures and Fittings 33%
Motor Vehicles 10% - 25%

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


INSPIRE WINDOWS LTD (REGISTERED NUMBER: 07380999)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Motor
leasehold machinery equipment vehicles Totals
£    £    £    £    £   
COST
At 1 October 2022 - 5,754 14,919 71,753 92,426
Additions 269,043 - 3,431 - 272,474
At 30 September 2023 269,043 5,754 18,350 71,753 364,900
DEPRECIATION
At 1 October 2022 - 5,234 13,361 36,415 55,010
Charge for year - 265 2,034 - 2,299
At 30 September 2023 - 5,499 15,395 36,415 57,309
NET BOOK VALUE
At 30 September 2023 269,043 255 2,955 35,338 307,591
At 30 September 2022 - 520 1,558 35,338 37,416

INSPIRE WINDOWS LTD (REGISTERED NUMBER: 07380999)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2022 69,653
Transfer to ownership (37,090 )
At 30 September 2023 32,563
DEPRECIATION
At 1 October 2022 34,315
Transfer to ownership (27,803 )
At 30 September 2023 6,512
NET BOOK VALUE
At 30 September 2023 26,051
At 30 September 2022 35,338

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 450 4,799
Other debtors 1,867 6,810
2,317 11,609

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,710 -
Hire purchase contracts 13,039 4,567
Trade creditors 91,972 87,815
Taxation and social security 30,166 20,622
Other creditors 85,607 3,346
226,494 116,350

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 167,979 -
Hire purchase contracts - 13,039
167,979 13,039

INSPIRE WINDOWS LTD (REGISTERED NUMBER: 07380999)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 173,689 -
Hire purchase contracts 13,039 17,606
186,728 17,606

The Bank Loan is secured against the Leasehold Property.
The Hire Purchase is secured against the Motor Vehicle.

9. RELATED PARTY DISCLOSURES

Included in Other Creditors is an interest free loan from the Directors of £82,756 (2022: £2,953).