Company Registration No. 05112196 (England and Wales)
INSPIRE DESIGN & DEVELOPMENT LIMITED
Unaudited accounts
for the year ended 31 July 2023
INSPIRE DESIGN & DEVELOPMENT LIMITED
Unaudited accounts
Contents
INSPIRE DESIGN & DEVELOPMENT LIMITED
Company Information
for the year ended 31 July 2023
Directors
Craig Andrew Russell
Lee David Barnes
Company Number
05112196 (England and Wales)
Registered Office
UNIT 2A CHURCH VIEW BUSINESS PARK CHURCH
CLAY CROSS
CHESTERFIELD
S45 9HA
ENGLAND
Accountants
Hammond & Co
36 Chesterfield Road
Market Street
Staveley
Derbyshire
S43 3UT
INSPIRE DESIGN & DEVELOPMENT LIMITED
Statement of financial position
as at 31 July 2023
Cash at bank and in hand
2,292
7,735
Creditors: amounts falling due within one year
(248,053)
(210,832)
Net current assets
188,789
312,172
Total assets less current liabilities
189,114
314,700
Creditors: amounts falling due after more than one year
(193,119)
(223,182)
Net (liabilities)/assets
(4,005)
91,518
Called up share capital
3
3
Profit and loss account
(4,008)
91,515
Shareholders' funds
(4,005)
91,518
For the year ending 31 July 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 directors acknowledge their 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 of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by
Lee David Barnes
Director
Company Registration No. 05112196
INSPIRE DESIGN & DEVELOPMENT LIMITED
Notes to the Accounts
for the year ended 31 July 2023
INSPIRE DESIGN & DEVELOPMENT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05112196. The registered office is UNIT 2A CHURCH VIEW BUSINESS PARK CHURCH, CLAY CROSS, CHESTERFIELD, S45 9HA, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
20% on cost and 10% on cost
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Trade debtors
102,669
81,441
Other debtors
331,881
433,828
INSPIRE DESIGN & DEVELOPMENT LIMITED
Notes to the Accounts
for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
22,695
Trade creditors
21,775
25,710
Taxes and social security
106,677
62,098
Other creditors
400
49,782
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
193,119
223,182
8
Average number of employees
During the year the average number of employees was 10 (2022: 13).