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Company No: 10516465 (England and Wales)

INSPIRE AND ENABLE LTD

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

INSPIRE AND ENABLE LTD

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

INSPIRE AND ENABLE LTD

COMPANY INFORMATION

For the financial year ended 31 December 2023
INSPIRE AND ENABLE LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTORS Mr P Norfolk
Mrs L Norfolk
REGISTERED OFFICE Francis Clark Llp Lowin House
Tregolls Road
Truro
TR1 2NA
United Kingdom
COMPANY NUMBER 10516465 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Lowin House
Tregolls Road
Truro
Cornwall TR1 2NA
INSPIRE AND ENABLE LTD

BALANCE SHEET

As at 31 December 2023
INSPIRE AND ENABLE LTD

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 3,692 600
3,692 600
Current assets
Cash at bank and in hand 33,345 7,414
33,345 7,414
Creditors: amounts falling due within one year 4 ( 8,765) ( 3,768)
Net current assets 24,580 3,646
Total assets less current liabilities 28,272 4,246
Provision for liabilities ( 923) ( 150)
Net assets 27,349 4,096
Capital and reserves
Called-up share capital 5 80 80
Profit and loss account 27,269 4,016
Total shareholders' funds 27,349 4,096

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Inspire and Enable Ltd (registered number: 10516465) were approved and authorised for issue by the Board of Directors on 21 August 2024. They were signed on its behalf by:

Mr P Norfolk
Director
INSPIRE AND ENABLE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
INSPIRE AND ENABLE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Inspire and Enable Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Francis Clark Llp Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of sports services in the ordinary course of the company's activities.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Tools and equipment 3 - 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Tools and equipment Total
£ £
Cost
At 01 January 2023 1,500 1,500
Additions 3,392 3,392
At 31 December 2023 4,892 4,892
Accumulated depreciation
At 01 January 2023 900 900
Charge for the financial year 300 300
At 31 December 2023 1,200 1,200
Net book value
At 31 December 2023 3,692 3,692
At 31 December 2022 600 600

4. Creditors: amounts falling due within one year

2023 2022
£ £
Taxation and social security 5,323 800
Other creditors 3,442 2,968
8,765 3,768

5. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
40 Ordinary shares of £ 1.00 each 40 40
20 Ordinary B non-voting shares of £ 1.00 each 20 20
20 Ordinary C non-voting shares of £ 1.00 each 20 20
80 80