Company registration number 12554279 (England and Wales)
INSPIRE LEGAL GROUP LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
PAGES FOR FILING WITH REGISTRAR
INSPIRE LEGAL GROUP LIMITED
BALANCE SHEET
AS AT 31 AUGUST 2023
31 August 2023
- 1 -
2023
2022
£
£
£
£
Fixed assets
14,986
495
Current assets
235,786
224,129
Prepayments and accrued income
8,988
3,982
Creditors: amounts falling due within one year
(378,470)
(201,424)
Net current (liabilities)/assets
(133,696)
26,687
Total assets less current liabilities
(118,710)
27,182
Creditors: amounts falling due after more than one year
(489,684)
(97,560)
Accruals and deferred income
(11,805)
(35,188)
Net liabilities
(620,199)
(105,566)
Capital and reserves
(620,199)
(105,566)
Notes to the financial statements
1
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2023
2022
Number
Number
Employees
6
6
2
Going concern
At the year-end, the company had net liabilities of £620,199. At the year-end, the company owed Amicus capital funding £454,085 and the directors' of the company £167,853. The amicus capital funding is not repayable within the next 12 months and whilst the directors' loan is technically repayable on demand, the directors have no current intention to seek repayment of either loan until the company has sufficient liquid funds to enable it to do so. Having carried out a detailed review of the company’s resources and financial position, the directors are confident that the company has sufficient cash flows to meet its liabilities as they fall due for at least one year from the date of approval of the financial statements. The directors therefore believe it is appropriate for the financial statements to be prepared on a going concern basis.
Inspire Legal Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is 32 Queen Street, Scarborough, YO11 1HQ.
For the year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
INSPIRE LEGAL GROUP LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023
31 August 2023
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 15 August 2024 and are signed on its behalf by:
Mrs N Foster
Director
Company registration number 12554279 (England and Wales)