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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
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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
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INSPIRE DESIGN & DEVELOPMENT LIMITED Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
325 
2,528 
Current assets
Debtors
434,550 
515,269 
Cash at bank and in hand
2,292 
7,735 
436,842 
523,004 
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 
Capital and reserves
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
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INSPIRE DESIGN & DEVELOPMENT LIMITED Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
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.
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
20% on cost and 10% on cost
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 August 2022
69,742 
At 31 July 2023
69,742 
Depreciation
At 1 August 2022
67,214 
Charge for the year
2,203 
At 31 July 2023
69,417 
Net book value
At 31 July 2023
325 
At 31 July 2022
2,528 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
102,669 
81,441 
Other debtors
331,881 
433,828 
434,550 
515,269 
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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 
VAT
119,201 
50,547 
Trade creditors
21,775 
25,710 
Taxes and social security
106,677 
62,098 
Other creditors
400 
49,782 
248,053 
210,832 
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).
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