2023-01-01 03470353 2023-12-31 03470353 2023-01-01 2023-12-31 03470353 2022-12-31 03470353 2022-01-01 2022-12-31 03470353 uk-core:WithinOneYear 2022-12-31 03470353 uk-core:WithinOneYear 2023-12-31 03470353 uk-core:AfterOneYear 2022-12-31 03470353 uk-core:AfterOneYear 2023-12-31 03470353 uk-core:ShareCapital 2023-12-31 03470353 uk-core:ShareCapital 2022-12-31 03470353 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 03470353 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 03470353 uk-bus:Director1 2023-01-01 2023-12-31 03470353 uk-core:FurnitureFittings 2023-01-01 2023-12-31 03470353 uk-core:WithinOneYear uk-core:Secured 2023-12-31 03470353 uk-core:WithinOneYear uk-core:Secured 2022-12-31 03470353 uk-core:WithinOneYear 2023-12-31 03470353 uk-core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure 03470353 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 03470353 uk-bus:FRS102 2023-01-01 2023-12-31 03470353 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 03470353 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
Inspiration Exhibitions Ltd
Registered Number:03470353
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2023
Inspiration Exhibitions Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
03470353
As at 31 December 2023
Inspiration Exhibitions Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
14
19
2
14
19
Current assets
Trade and other receivables
31,533
25,161
3
25,161
31,533
Trade and other payables: amounts falling due within one
year
(20,756)
(17,559)
4
10,777
7,602
Net current assets
Total assets less current liabilities
7,616
10,796
Trade and other payables: amounts falling due after more
than one year
(10,591)
(7,129)
5
487
Net assets
205
Capital and reserves
Called up share capital
100
100
Retained earnings
387
105
487
205
Shareholders' funds
For the year ended 31 December 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr. S. Langdon Director
These financial statements were approved and authorised for issue by the Board on 10 September 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2023
Inspiration Exhibitions Ltd
Notes to the Financial Statements
Statutory Information
Inspiration Exhibitions Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 03470353.
Principal place of business:
73 High Street
Wick
Bristol
BS30 5QQ
Registered address:
33 Hopps Road
Kingswood
Bristol
BS15 9QQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Property, plant and equipment
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:
25% Reducing balance
Fixtures and fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
5
For the year ended 31 December 2023
Inspiration Exhibitions Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Fixtures and
fittings
£
Cost or
valuation
At 01 January 2023
4,761
At 31 December 2023
4,761
Provision for depreciation and impairment
At 01 January 2023
4,742
Charge for year
5
At 31 December 2023
4,747
At 31 December 2023
Net book value
14
At 31 December 2022
19
3. Trade and other receivables
2022
2023
£
£
Trade debtors
344
3,475
Other debtors
24,817
28,058
31,533
25,161
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft (secured)
3,782
3,782
Bank loans and overdraft
707
4,221
Taxation and social security
8,742
7,714
Other creditors
4,328
5,039
17,559
20,756
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft (secured)
7,129
10,591
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6
For the year ended 31 December 2023
Inspiration Exhibitions Ltd
Notes to the Financial Statements Continued
6. Average number of persons employed
During the year the average number of employees was 0 (2022 : 1)
4 of 4