1 August 2023 false Taxfiler 2024.5 true 09145885business:PrivateLimitedCompanyLtd2023-08-012024-07-31 091458852023-07-31 091458852023-08-012024-07-31 09145885business:AuditExemptWithAccountantsReport2023-08-012024-07-31 09145885business:AbridgedAccounts2023-08-012024-07-31 091458852024-07-31 09145885business:Director12023-08-012024-07-31 09145885business:RegisteredOffice2023-08-012024-07-31 091458852023-07-31 09145885core:WithinOneYear2024-07-31 09145885core:WithinOneYear2023-07-31 09145885core:AfterOneYear2024-07-31 09145885core:AfterOneYear2023-07-31 09145885core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 09145885core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 09145885core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 09145885core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 09145885core:PreviouslyStatedAmount2024-07-31 09145885core:PreviouslyStatedAmount2023-07-31 09145885business:SmallEntities2023-08-012024-07-31 09145885countries:EnglandWales2023-08-012024-07-31 09145885core:FurnitureFittings2023-08-012024-07-31 09145885core:ComputerEquipment2023-08-012024-07-31 09145885business:OrdinaryShareClass12023-08-012024-07-31 09145885business:OrdinaryShareClass12022-08-012023-07-31 091458852022-08-012023-07-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 09145885 (England and Wales)
Inspired Freedom Ltd Unaudited accounts for the year ended 31 July 2024
Inspired Freedom Ltd Unaudited accounts Contents
Page
- 2 -
Inspired Freedom Ltd Company Information for the year ended 31 July 2024
Director
G Both
Company Number
09145885 (England and Wales)
Registered Office
128 City Road London EC1V 2NX
Accountants
Lanamak Finance Ltd 128 City Road London EC1V 2NX
- 3 -
Inspired Freedom Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
446 
1,410 
Current assets
Debtors
1,318 
1,621 
Investments
3,547 
3,231 
Cash at bank and in hand
2,895 
1,021 
7,760 
5,873 
Creditors: amounts falling due within one year
(2,942)
(5,515)
Net current assets
4,818 
358 
Total assets less current liabilities
5,264 
1,768 
Creditors: amounts falling due after more than one year
(8,873)
(9,027)
Net liabilities
(3,609)
(7,259)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(3,610)
(7,260)
Shareholders' funds
(3,609)
(7,259)
For the year ending 31 July 2024 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 October 2024 and were signed on its behalf by
G Both Director Company Registration No. 09145885
- 4 -
Inspired Freedom Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Inspired Freedom Ltd is a private company, limited by shares, registered in England and Wales, registration number 09145885. The registered office is 128 City Road, London, EC1V 2NX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Going concern
The balance sheet shows a deficit of £3,609 (2023: £7,259). The director, by taking account of all relevant information currently available, considers that the company will be able to meet all debts as they fall due. The director has indicated his willingness to support the company for the foreseeable future. Under these circumstances, the director is of the opinion that it is appropriate for the financial statements to be prepared on a going concern basis.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures & fittings
25% on cost
Computer equipment
33.33% on cost
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 August 2023
3,318 
Additions
171 
At 31 July 2024
3,489 
Depreciation
At 1 August 2023
1,908 
Charge for the year
1,135 
At 31 July 2024
3,043 
Net book value
At 31 July 2024
446 
At 31 July 2023
1,410 
- 5 -
Inspired Freedom Ltd Notes to the Accounts for the year ended 31 July 2024
5
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £0.01 each
1 
1 
6
Transactions with related parties
Investment of £3,547 (2023: £3,231) was made into Human Design Media Ltd, a company in which G Both is a director.
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 6 -