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REGISTERED NUMBER: 05019296 (England and Wales)













INSPIRATION WEALTH MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






INSPIRATION WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 05019296)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Statement of Financial Position 1


INSPIRATION WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 05019296)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

2024 2023
£ £ £ £
FIXED ASSETS 1,217 1,621

CURRENT ASSETS 85,739 67,937

CREDITORS
Amounts falling due within one year (70,330 ) (57,510 )
NET CURRENT ASSETS 15,409 10,427
TOTAL ASSETS LESS CURRENT LIABILITIES 16,626 12,048

CREDITORS
Amounts falling due after more than one year 16,209 12,083
NET ASSETS/(LIABILITIES) 417 (35 )

CAPITAL AND RESERVES 417 (35 )

NOTES TO THE FINANCIAL STATEMENTS

1. STATUTORY INFORMATION

Inspiration Wealth Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05019296

Registered office: 42 Rhydypenau Road
Cyncoed
Cardiff
CF23 6PT

2. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was NIL (2023 - 2 ) .

3. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£ £
Mrs. H Jenkins
Balance outstanding at start of year 33,695 31,731
Amounts advanced 58,990 70,134
Amounts repaid (47,691 ) (68,170 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 44,994 33,695

Ms. J White
Balance outstanding at start of year 18,008 17,222
Amounts advanced 39,207 42,872
Amounts repaid (37,191 ) (42,086 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,024 18,008

INSPIRATION WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 05019296)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 2024

NOTES TO THE FINANCIAL STATEMENTS

3. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

As at the year end the company directors owed the company £65,018.

The loan is repayable on demand and interest (2.25% p.a.) of £1,350 was charged by the company during the year.



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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:




Mrs. H Jenkins - Director



Ms. J White - Director