Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31management consultancytrue32023-06-01false3trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06865211 2023-06-01 2024-05-31 06865211 2022-06-01 2023-05-31 06865211 2024-05-31 06865211 2023-05-31 06865211 c:Director1 2023-06-01 2024-05-31 06865211 d:FurnitureFittings 2023-06-01 2024-05-31 06865211 d:OfficeEquipment 2023-06-01 2024-05-31 06865211 d:OtherPropertyPlantEquipment 2024-05-31 06865211 d:OtherPropertyPlantEquipment 2023-05-31 06865211 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 06865211 d:CurrentFinancialInstruments 2024-05-31 06865211 d:CurrentFinancialInstruments 2023-05-31 06865211 d:Non-currentFinancialInstruments 2024-05-31 06865211 d:Non-currentFinancialInstruments 2023-05-31 06865211 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 06865211 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 06865211 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 06865211 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 06865211 d:ShareCapital 2024-05-31 06865211 d:ShareCapital 2023-05-31 06865211 d:RetainedEarningsAccumulatedLosses 2024-05-31 06865211 d:RetainedEarningsAccumulatedLosses 2023-05-31 06865211 c:FRS102 2023-06-01 2024-05-31 06865211 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 06865211 c:FullAccounts 2023-06-01 2024-05-31 06865211 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 06865211 2 2023-06-01 2024-05-31 06865211 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure
Registered number: 06865211






INSPIRINA LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










img5c60.png

 
INSPIRINA LIMITED
REGISTERED NUMBER:06865211

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
104
130

  
104
130

Current assets
  

Debtors: amounts falling due within one year
 5 
13,481
15,978

Cash at bank and in hand
 6 
20,488
28,021

  
33,969
43,999

Creditors: amounts falling due within one year
 7 
(64,164)
(78,210)

Net current liabilities
  
 
 
(30,195)
 
 
(34,211)

Total assets less current liabilities
  
(30,091)
(34,081)

Creditors: amounts falling due after more than one year
 8 
(8,362)
(16,560)

  

Net liabilities
  
(38,453)
(50,641)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(38,553)
(50,741)

  
(38,453)
(50,641)


Page 1

 
INSPIRINA LIMITED
REGISTERED NUMBER:06865211
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 November 2024.




M Whitehouse
Director

Page 2

 
INSPIRINA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Inspirina Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is C/O Venthams Limited Unit 8, Phoenix House, Redhill Aerodrome, Kings Mill Lane, Redhill, Surrey, RH1 5JY.
The principal activity of the company continued to be that of management consultancy.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

Although the company has a position of net liabilities, the director will support the company so that the company will be able to meet its liabilities for at least the next twelve months.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
INSPIRINA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method and reducing balance basis..

Depreciation is provided on the following basis:

Fixtures & fittings
-
20%
reducing balance
Office equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
INSPIRINA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

3.


Employees

2024
2023
£
£

Wages and salaries
28,152
25,111

28,152
25,111


The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Tangible fixed assets





Other fixed assets

£



Cost or valuation


At 1 June 2023
9,845



At 31 May 2024

9,845



Depreciation


At 1 June 2023
9,715


Charge for the year on owned assets
26



At 31 May 2024

9,741



Net book value



At 31 May 2024
104



At 31 May 2023
130

Page 5

 
INSPIRINA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Debtors

2024
2023
£
£


Other debtors
13,392
15,883

Prepayments and accrued income
89
95

13,481
15,978



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
20,488
28,021



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
8,198
7,996

Other taxation and social security
53
-

Other creditors
19,820
25,352

Accruals and deferred income
36,093
44,862

64,164
78,210



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
8,362
16,560

8,362
16,560


 
Page 6