BrightAccountsProduction v1.0.0 v1.0.0 2023-01-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the retail and hire of mobility aids. 29 July 2024 06456836 2023-12-31 06456836 2022-12-31 06456836 2021-12-31 06456836 2023-01-01 2023-12-31 06456836 2022-01-01 2022-12-31 06456836 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06456836 uk-curr:PoundSterling 2023-01-01 2023-12-31 06456836 uk-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06456836 uk-bus:AbridgedAccounts 2023-01-01 2023-12-31 06456836 uk-core:ShareCapital 2023-12-31 06456836 uk-core:ShareCapital 2022-12-31 06456836 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 06456836 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 06456836 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-12-31 06456836 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-12-31 06456836 uk-bus:FRS102 2023-01-01 2023-12-31 06456836 uk-core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 06456836 uk-core:MotorVehicles 2023-01-01 2023-12-31 06456836 2023-01-01 2023-12-31 06456836 uk-bus:Director1 2023-01-01 2023-12-31 06456836 uk-bus:Director2 2023-01-01 2023-12-31 06456836 uk-bus:Director3 2023-01-01 2023-12-31 06456836 uk-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
Inspire Mobility Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 December 2023



Inspire Mobility Ltd
Company Registration Number: 06456836
ABRIDGED BALANCE SHEET
as at 31 December 2023

2023 2022
Notes £ £
 
Fixed Assets
Tangible assets 4 1,737 2,257
───────── ─────────
 
Current Assets
Stocks 64,588 62,535
Debtors 40,864 19,897
Cash at bank and in hand 24,057 55,247
───────── ─────────
129,509 137,679
───────── ─────────
Creditors: amounts falling due within one year (37,569) (27,939)
───────── ─────────
Net Current Assets 91,940 109,740
───────── ─────────
Total Assets less Current Liabilities 93,677 111,997
 
Creditors:
amounts falling due after more than one year (24,167) (34,167)
───────── ─────────
Net Assets 69,510 77,830
═════════ ═════════
 
Capital and Reserves
Called up share capital 101 101
Retained earnings 69,409 77,729
───────── ─────────
Shareholders' Funds 69,510 77,830
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 29 July 2024 and signed on its behalf by
           
           
________________________________     ________________________________
Mr R G Binnie     Mr P W Bartlett
Director     Director
           
           
________________________________          
Mr P Gurd          
Director          
           



Inspire Mobility Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 December 2023

   
1. General Information
 
Inspire Mobility Ltd is a company limited by shares incorporated in the United Kingdom.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 December 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 15% Reducing balance
  Motor vehicles - 25% Reducing balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value.Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 3, (2022 - 3).
 
  2023 2022
  Number Number
 
Director 1 1
Employee 2 2
  ───────── ─────────
  3 3
  ═════════ ═════════
         
4. Tangible assets
  Fixtures, Motor Total
  fittings and vehicles  
  equipment    
  £ £ £
Cost
At 1 January 2023 2,875 13,500 16,375
  ───────── ───────── ─────────
 
At 31 December 2023 2,875 13,500 16,375
  ───────── ───────── ─────────
Depreciation
At 1 January 2023 2,419 11,699 14,118
Charge for the financial year 69 451 520
  ───────── ───────── ─────────
At 31 December 2023 2,488 12,150 14,638
  ───────── ───────── ─────────
Net book value
At 31 December 2023 387 1,350 1,737
  ═════════ ═════════ ═════════
At 31 December 2022 456 1,801 2,257
  ═════════ ═════════ ═════════
       
5. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 December 2023.