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REGISTERED NUMBER: 11886206 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Inspire Design & Home Improvements Ltd

Inspire Design & Home Improvements Ltd (Registered number: 11886206)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Inspire Design & Home Improvements Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs L F Harper
Mr J Harper





REGISTERED OFFICE: 60 Westfield Avenue
Deanshanger
Milton Keynes
Northamptonshire
MK19 6LJ





REGISTERED NUMBER: 11886206 (England and Wales)





ACCOUNTANTS: DansonOsborne Accountants Ltd
Chartered Certified Accountants
Aishling House
6a Hayes Road
Deanshanger
Milton Keynes
Buckinghamshire
MK19 6HW

Inspire Design & Home Improvements Ltd (Registered number: 11886206)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,987 18,122

CURRENT ASSETS
Stocks 15,611 25,619
Debtors 59,439 41,548
Cash at bank 6,504 19,635
81,554 86,802
CREDITORS
Amounts falling due within one year 61,931 64,637
NET CURRENT ASSETS 19,623 22,165
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,610

40,287

CREDITORS
Amounts falling due after more than
one year

24,809

27,173
NET ASSETS 9,801 13,114

CAPITAL AND RESERVES
Called up share capital 12 12
Retained earnings 9,789 13,102
SHAREHOLDERS' FUNDS 9,801 13,114

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Inspire Design & Home Improvements Ltd (Registered number: 11886206)

Abridged Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 16 August 2024 and were signed on its behalf by:





Mr J Harper - Director


Inspire Design & Home Improvements Ltd (Registered number: 11886206)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Inspire Design & Home Improvements 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.

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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Inspire Design & Home Improvements Ltd (Registered number: 11886206)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 40,329
Additions 1,190
At 31 March 2024 41,519
DEPRECIATION
At 1 April 2023 22,207
Charge for year 4,325
At 31 March 2024 26,532
NET BOOK VALUE
At 31 March 2024 14,987
At 31 March 2023 18,122