2022-12-01 2023-11-30 false No description of principal activity Capium Accounts Production 1.1 08782246 bus:FullAccounts 2022-12-01 2023-11-30 08782246 bus:FRS102 2022-12-01 2023-11-30 08782246 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 08782246 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 08782246 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 08782246 2022-12-01 2023-11-30 08782246 2023-11-30 08782246 bus:RegisteredOffice 2022-12-01 2023-11-30 08782246 core:WithinOneYear 2023-11-30 08782246 core:AfterOneYear 2023-11-30 08782246 bus:Director1 2022-12-01 2023-11-30 08782246 bus:Director1 2023-11-30 08782246 bus:Director1 2021-12-01 2022-11-30 08782246 2021-12-01 08782246 bus:LeadAgentIfApplicable 2022-12-01 2023-11-30 08782246 2021-12-01 2022-11-30 08782246 2022-11-30 08782246 core:WithinOneYear 2022-11-30 08782246 core:AfterOneYear 2022-11-30 08782246 bus:EntityAccountantsOrAuditors 2021-12-01 2022-11-30 08782246 core:ComputerEquipment 2022-12-01 2023-11-30 08782246 core:ComputerEquipment 2023-11-30 08782246 core:ComputerEquipment 2022-11-30 08782246 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-11-30 08782246 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-11-30 08782246 core:CostValuation core:Non-currentFinancialInstruments 2023-11-30 08782246 core:CostValuation core:Non-currentFinancialInstruments 2022-11-30 08782246 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-11-30 08782246 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-11-30 08782246 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-11-30 08782246 core:Non-currentFinancialInstruments 2023-11-30 08782246 core:Non-currentFinancialInstruments 2022-11-30 08782246 core:ShareCapital 2023-11-30 08782246 core:ShareCapital 2022-11-30 08782246 core:RetainedEarningsAccumulatedLosses 2023-11-30 08782246 core:RetainedEarningsAccumulatedLosses 2022-11-30 08782246 dpl:Item1 2022-12-01 08782246 dpl:Item1 2023-11-30 08782246 dpl:Item1 2021-12-01 08782246 dpl:Item1 2022-11-30 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 08782246
England and Wales

 

 

 

INSPIRATION BRAND SALES SOLUTIONS LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 December 2022

End date: 30 November 2023
Director J W May
Registered Number 08782246
Registered Office The Flat, Maunby Hall
Maunby, Thirsk
North Yorkshire
YO7 4HA
Accountants Windfall Accounting LLP
Windfall House, D1 The Courtyard
Alban Park Hatfield Road
St. Albans
AL4 0LA
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 579    213 
579    213 
Current assets      
Debtors 4 60,776    65,861 
Cash at bank and in hand 3,337    812 
64,113    66,673 
Creditors: amount falling due within one year 5 (57,240)   (56,043)
Net current assets 6,873    10,630 
 
Total assets less current liabilities 7,452    10,843 
Creditors: amount falling due after more than one year (7,208)   (10,285)
Net assets 244    558 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account 243    557 
Shareholders' funds 244    558 
 


For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 28 August 2024 and were signed on its behalf by:


-------------------------------
J W May
Director
2
General Information
Inspiration Brand Sales Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 08782246, registration address The Flat, Maunby Hall, Maunby, Thirsk, North Yorkshire, YO7 4HA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 33% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 1 (2022 : 1).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 December 2022 639    639 
Additions 869    869 
Disposals  
At 30 November 2023 1,508    1,508 
Depreciation
At 01 December 2022 426    426 
Charge for year 503    503 
On disposals  
At 30 November 2023 929    929 
Net book values
Closing balance as at 30 November 2023 579    579 
Opening balance as at 01 December 2022 213    213 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 6,827    4,508 
Tax Recoverable 15,049    15,049 
Directors' Current Accounts 38,900    46,304 
60,776    65,861 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors   988 
Bank Loans & Overdrafts 3,424    3,384 
Corporation Tax 52,789    50,603 
PAYE & Social Security 7   
Accrued Expenses 1,020    1,068 
57,240    56,043 

6.

Related Party Transactions

Debtors due within one year include an amount of £38,900 (2022 -  £46,304) due from the director.  This loan is repayable on demand.
3