Company Registration No. 12156970 (England and Wales)
Inspyred Ltd
Unaudited accounts
for the year ended 31 August 2024
Inspyred Ltd
Unaudited accounts
Contents
Inspyred Ltd
Company Information
for the year ended 31 August 2024
Company Number
12156970 (England and Wales)
Registered Office
New Alefounders
Wick Road
Langham
Colchester
Essex
CO4 5PG
England
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Inspyred Ltd
for the year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Inspyred Ltd for the year ended 31 August 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
This report is made solely to the Board of Directors of Inspyred Ltd, as a body, in accordance with the terms of our engagement letter dated 5 November 2024. Our work has been undertaken solely to prepare for your approval the accounts of Inspyred Ltd and state those matters that we have agreed to state to the Board of Directors of Inspyred Ltd, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Inspyred Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Inspyred Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Inspyred Ltd. You consider that Inspyred Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Inspyred Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Member in Practice
5 November 2024
Inspyred Ltd
Statement of financial position
as at 31 August 2024
Intangible assets
240,000
280,000
Creditors: amounts falling due within one year
(192,203)
(192,203)
Net current liabilities
(192,103)
(192,103)
Called up share capital
100
100
Profit and loss account
47,797
87,797
Shareholders' funds
47,897
87,897
For the year ending 31 August 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.
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 5 November 2024 and were signed on its behalf by
Nigel Farr
Director
Company Registration No. 12156970
Inspyred Ltd
Notes to the Accounts
for the year ended 31 August 2024
Inspyred Ltd is a private company, limited by shares, registered in England and Wales, registration number 12156970. The registered office is New Alefounders, Wick Road, Langham, Colchester, Essex, CO4 5PG, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 1 September 2023
400,000
At 1 September 2023
120,000
Charge for the year
40,000
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Other creditors
192,203
192,203
Inspyred Ltd
Notes to the Accounts
for the year ended 31 August 2024
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).