IRIS Accounts Production v24.2.0.383 11763327 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh117633272022-12-31117633272023-12-31117633272023-01-012023-12-31117633272021-12-31117633272022-01-012022-12-31117633272022-12-3111763327ns15:EnglandWales2023-01-012023-12-3111763327ns14:PoundSterling2023-01-012023-12-3111763327ns10:Director12023-01-012023-12-3111763327ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3111763327ns10:SmallEntities2023-01-012023-12-3111763327ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3111763327ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3111763327ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3111763327ns10:FullAccounts2023-01-012023-12-3111763327ns10:Director22023-01-012023-12-3111763327ns10:RegisteredOffice2023-01-012023-12-3111763327ns5:CurrentFinancialInstruments2023-12-3111763327ns5:CurrentFinancialInstruments2022-12-3111763327ns5:ShareCapital2023-12-3111763327ns5:ShareCapital2022-12-3111763327ns5:RevaluationReserve2023-12-3111763327ns5:RevaluationReserve2022-12-3111763327ns5:CapitalRedemptionReserve2023-12-3111763327ns5:CapitalRedemptionReserve2022-12-3111763327ns5:CostValuation2022-12-3111763327ns5:RevaluationReserve2022-12-3111763327ns5:CapitalRedemptionReserve2022-12-3111763327ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-3111763327ns5:RetainedEarningsAccumulatedLosses2023-12-31
REGISTERED NUMBER: 11763327 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Inspire ED Limited

Inspire ED Limited (Registered number: 11763327)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Inspire ED Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R J Harvey
K G Stokes





REGISTERED OFFICE: Unit A Dutton Road
Aldermans Green Industrial Estate
Coventry
West Midlands
CV2 2LE





REGISTERED NUMBER: 11763327 (England and Wales)





ACCOUNTANTS: Leigh Christou Ltd
Chartered Certified Accountants
Leofric House
Binley Road
Coventry
CV3 1JN

Inspire ED Limited (Registered number: 11763327)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 403 403
Investment property 5 275,000 275,000
275,403 275,403

CURRENT ASSETS
Debtors 6 27,472 -

CREDITORS
Amounts falling due within one year 7 4,874 1,027
NET CURRENT ASSETS/(LIABILITIES) 22,598 (1,027 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

298,001

274,376

PROVISIONS FOR LIABILITIES 15,369 15,369
NET ASSETS 282,632 259,007

CAPITAL AND RESERVES
Called up share capital 186 186
Revaluation reserve 8 46,108 46,108
Capital redemption reserve 8 20 20
Retained earnings 8 236,318 212,693
282,632 259,007

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 ED Limited (Registered number: 11763327)

Balance Sheet - continued
31 December 2023


The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 April 2024 and were signed on its behalf by:





R J Harvey - Director


Inspire ED Limited (Registered number: 11763327)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Inspire ED Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Inspire ED Limited (Registered number: 11763327)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 403
NET BOOK VALUE
At 31 December 2023 403
At 31 December 2022 403

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 275,000
NET BOOK VALUE
At 31 December 2023 275,000
At 31 December 2022 275,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2022 61,477
Cost 213,523
275,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed by group undertakings 27,472 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed to group undertakings 104 102
Taxation and social security 3,735 -
Other creditors 1,035 925
4,874 1,027

Inspire ED Limited (Registered number: 11763327)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. RESERVES
Capital
Retained Revaluation redemption
earnings reserve reserve Totals
£    £    £    £   

At 1 January 2023 212,693 46,108 20 258,821
Profit for the year 363,625 363,625
Dividends (340,000 ) (340,000 )
At 31 December 2023 236,318 46,108 20 282,446

9. ULTIMATE CONTROLLING PARTY

The controlling party is R J Harvey.