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REGISTERED NUMBER: 14540479 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 14 DECEMBER 2022 TO 31 DECEMBER 2023

FOR

INSPIRATIONS SHEFFIELD LIMITED

INSPIRATIONS SHEFFIELD LIMITED (REGISTERED NUMBER: 14540479)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 14 DECEMBER 2022 TO 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INSPIRATIONS SHEFFIELD LIMITED

COMPANY INFORMATION
FOR THE PERIOD 14 DECEMBER 2022 TO 31 DECEMBER 2023







DIRECTORS: S Dimler
M Jarvis
R D Wagland





REGISTERED OFFICE: Hillsborough Arena
Middlewood Road
Sheffield
South Yorkshire
S6 4HA





REGISTERED NUMBER: 14540479 (England and Wales)





ACCOUNTANTS: Marriott Gibbs Rees Wallis Limited
Chartered Certified Accountants
First Floor
Unit 4, Broadfield Court
Sheffield
South Yorkshire
S8 0XF

INSPIRATIONS SHEFFIELD LIMITED (REGISTERED NUMBER: 14540479)

BALANCE SHEET
31 DECEMBER 2023

Notes £    £   
FIXED ASSETS
Intangible assets 4 21,600
Tangible assets 5 7,248
28,848

CURRENT ASSETS
Debtors 6 57,503
Cash at bank 19,840
77,343
CREDITORS
Amounts falling due within one year 7 82,945
NET CURRENT LIABILITIES (5,602 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,246

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 23,146
23,246

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

INSPIRATIONS SHEFFIELD LIMITED (REGISTERED NUMBER: 14540479)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by:





R D Wagland - Director


INSPIRATIONS SHEFFIELD LIMITED (REGISTERED NUMBER: 14540479)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 14 DECEMBER 2022 TO 31 DECEMBER 2023

1. STATUTORY INFORMATION

Inspirations Sheffield 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period 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.

INSPIRATIONS SHEFFIELD LIMITED (REGISTERED NUMBER: 14540479)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 14 DECEMBER 2022 TO 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 11 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
Additions 24,000
At 31 December 2023 24,000
Amortisation
Amortisation for period 2,400
At 31 December 2023 2,400
Net book value
At 31 December 2023 21,600

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
Additions 703 3,495 4,198
Transfer to ownership 613 4,658 5,271
At 31 December 2023 1,316 8,153 9,469
Depreciation
Charge for period 241 1,980 2,221
At 31 December 2023 241 1,980 2,221
Net book value
At 31 December 2023 1,075 6,173 7,248

INSPIRATIONS SHEFFIELD LIMITED (REGISTERED NUMBER: 14540479)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 14 DECEMBER 2022 TO 31 DECEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 39,327
Other debtors 18,176
57,503

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 26,894
Other creditors 56,051
82,945

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 December 2023:

£   
S Dimler
Balance outstanding at start of period -
Amounts advanced 12,187
Amounts repaid -
Amounts written off -
Amounts waived -
Balance outstanding at end of period 12,187

M Jarvis
Balance outstanding at start of period -
Amounts advanced 8,243
Amounts repaid (5,306 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period 2,937