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REGISTERED NUMBER: 08087266 (England and Wales)















Report of the Director and

Financial Statements for the Year Ended 31st May 2024

for

Inspired Ecology Ltd

Inspired Ecology Ltd (Registered number: 08087266)






Contents of the Financial Statements
for the Year Ended 31st May 2024




Page

Company Information 1

Report of the Director 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Inspired Ecology Ltd

Company Information
for the Year Ended 31st May 2024







DIRECTOR: I D Nixon





REGISTERED OFFICE: Malham
Washdyke Lane
Kirton Meeres
Boston
Lincolnshire
PE20 1PW





REGISTERED NUMBER: 08087266 (England and Wales)





ACCOUNTANTS: Spriggs & Co Limited
Chartered Certified Accountants
300 High Road
Whaplode
Spalding
Lincolnshire
PE12 6TG

Inspired Ecology Ltd (Registered number: 08087266)

Report of the Director
for the Year Ended 31st May 2024

The director presents his report with the financial statements of the company for the year ended 31st May 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of ecology and protected species surveys.

DIRECTOR
I D Nixon held office during the whole of the period from 1st June 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





I D Nixon - Director


17th September 2024

Inspired Ecology Ltd (Registered number: 08087266)

Statement of Financial Position
31st May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,135 387
5,135 387

CURRENT ASSETS
Debtors 6 1,002 4,236
Cash at bank 19,187 11,835
20,189 16,071
CREDITORS
Amounts falling due within one year 7 13,357 16,754
NET CURRENT ASSETS/(LIABILITIES) 6,832 (683 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,967

(296

)

PROVISIONS FOR LIABILITIES 976 74
NET ASSETS/(LIABILITIES) 10,991 (370 )

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 10,491 (870 )
SHAREHOLDERS' FUNDS 10,991 (370 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Inspired Ecology Ltd (Registered number: 08087266)

Statement of Financial Position - continued
31st May 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17th September 2024 and were signed by:





I D Nixon - Director


Inspired Ecology Ltd (Registered number: 08087266)

Notes to the Financial Statements
for the Year Ended 31st May 2024

1. STATUTORY INFORMATION

Inspired Ecology Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 1 (2023 - 1 ) .

Inspired Ecology Ltd (Registered number: 08087266)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st June 2023
and 31st May 2024 19,503
AMORTISATION
At 1st June 2023
and 31st May 2024 19,503
NET BOOK VALUE
At 31st May 2024 -
At 31st May 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2023 5,427
Additions 6,460
At 31st May 2024 11,887
DEPRECIATION
At 1st June 2023 5,040
Charge for year 1,712
At 31st May 2024 6,752
NET BOOK VALUE
At 31st May 2024 5,135
At 31st May 2023 387

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 784 3,596
Other debtors 218 640
1,002 4,236

Inspired Ecology Ltd (Registered number: 08087266)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation and social security 956 (241 )
Other creditors 12,401 16,995
13,357 16,754