IRIS Accounts Production v24.1.9.2 08944077 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh089440772023-03-31089440772024-03-31089440772023-04-012024-03-31089440772022-03-31089440772022-04-012023-03-31089440772023-03-3108944077ns15:EnglandWales2023-04-012024-03-3108944077ns14:PoundSterling2023-04-012024-03-3108944077ns10:Director12023-04-012024-03-3108944077ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108944077ns10:SmallEntities2023-04-012024-03-3108944077ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3108944077ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108944077ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108944077ns10:FullAccounts2023-04-012024-03-3108944077ns10:Director22023-04-012024-03-3108944077ns10:RegisteredOffice2023-04-012024-03-3108944077ns5:CurrentFinancialInstruments2024-03-3108944077ns5:CurrentFinancialInstruments2023-03-3108944077ns5:ShareCapital2024-03-3108944077ns5:ShareCapital2023-03-3108944077ns5:RetainedEarningsAccumulatedLosses2024-03-3108944077ns5:RetainedEarningsAccumulatedLosses2023-03-3108944077ns5:PlantMachinery2023-04-012024-03-3108944077ns5:PlantMachinery2023-03-3108944077ns5:PlantMachinery2024-03-3108944077ns5:PlantMachinery2023-03-3108944077ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3108944077ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 08944077 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Inspired Solutions Works Division Ltd

Inspired Solutions Works Division Ltd (Registered number: 08944077)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

Inspired Solutions Works Division Ltd

Company Information
for the year ended 31 March 2024







DIRECTORS: D Hutton
Mrs J Hutton





REGISTERED OFFICE: 2a The Nook
2a Athelstan Road
Margate
Kent
CT9 2BF





REGISTERED NUMBER: 08944077 (England and Wales)





ACCOUNTANTS: MPH Accountancy and Business Advisors Ltd
99 Canterbury Road
Whitstable
Kent
CT5 4HG

Inspired Solutions Works Division Ltd (Registered number: 08944077)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,082 35,170

CURRENT ASSETS
Debtors 5 35,773 350
Cash at bank 5,529 21,746
41,302 22,096
CREDITORS
Amounts falling due within one year 6 56,601 35,900
NET CURRENT LIABILITIES (15,299 ) (13,804 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,783

21,366

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 21,663 21,246
SHAREHOLDERS' FUNDS 21,783 21,366

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by:




D Hutton - Director


Inspired Solutions Works Division Ltd (Registered number: 08944077)

Notes to the Financial Statements
for the year ended 31 March 2024


1. STATUTORY INFORMATION

Inspired Solutions Works Division 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.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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 balance sheet date.

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 year was 9 (2023 - 2 ) .

Inspired Solutions Works Division Ltd (Registered number: 08944077)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 42,390
Additions 4,052
At 31 March 2024 46,442
DEPRECIATION
At 1 April 2023 7,220
Charge for year 2,140
At 31 March 2024 9,360
NET BOOK VALUE
At 31 March 2024 37,082
At 31 March 2023 35,170

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 35,773 350

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,667 16,667
Trade creditors 10 45
Taxation and social security 42,791 17,830
Other creditors 2,133 1,358
56,601 35,900

Inspired Solutions Works Division Ltd

Report of the Accountants to the Directors of
Inspired Solutions Works Division Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






MPH Accountancy and Business Advisors Ltd
99 Canterbury Road
Whitstable
Kent
CT5 4HG


11 September 2024