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REGISTERED NUMBER: SC370675 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

INSPIRED DESIGN & DEVELOPMENT LIMITED

INSPIRED DESIGN & DEVELOPMENT LIMITED (REGISTERED NUMBER: SC370675)






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

Chartered Certified Accountants' Report 6

INSPIRED DESIGN & DEVELOPMENT LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: Mr G Black
Mrs K Black
Mr A D Steel
Mr F B Angus





SECRETARY: Mrs K Black





REGISTERED OFFICE: 27 Evan Street
Stonehaven
Aberdeenshire
AB39 2EQ





REGISTERED NUMBER: SC370675 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX

INSPIRED DESIGN & DEVELOPMENT LIMITED (REGISTERED NUMBER: SC370675)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,727 57,450

CURRENT ASSETS
Debtors 5 111,605 80,441
Cash at bank and in hand 8,851 4,408
120,456 84,849
CREDITORS
Amounts falling due within one year 6 85,328 64,376
NET CURRENT ASSETS 35,128 20,473
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,855

77,923

CREDITORS
Amounts falling due after more than one year 7 (20,754 ) (17,385 )

PROVISIONS FOR LIABILITIES 9 (6,301 ) (2,340 )
NET ASSETS 76,800 58,198

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 76,700 58,098
SHAREHOLDERS' FUNDS 76,800 58,198

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 26 November 2024 and were signed on its behalf by:





Mr G Black - Director


INSPIRED DESIGN & DEVELOPMENT LIMITED (REGISTERED NUMBER: SC370675)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Inspired Design & Development Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Freehold property - Straight line over 20 years
Plant and machinery - Straight line over 5 years
Fixtures and fittings - Straight line over 3 years
Motor vehicles - 20% on reducing balance
Computer equipment - Straight line over 3 years

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 6 (2023 - 6 ) .

INSPIRED DESIGN & DEVELOPMENT LIMITED (REGISTERED NUMBER: SC370675)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 91,272 5,783 10,790
Additions - - 267
At 31 March 2024 91,272 5,783 11,057
DEPRECIATION
At 1 April 2023 43,184 112 10,323
Charge for year 4,564 1,446 502
At 31 March 2024 47,748 1,558 10,825
NET BOOK VALUE
At 31 March 2024 43,524 4,225 232
At 31 March 2023 48,088 5,671 467

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 - 11,085 118,930
Additions 18,415 1,598 20,280
At 31 March 2024 18,415 12,683 139,210
DEPRECIATION
At 1 April 2023 - 7,861 61,480
Charge for year - 2,491 9,003
At 31 March 2024 - 10,352 70,483
NET BOOK VALUE
At 31 March 2024 18,415 2,331 68,727
At 31 March 2023 - 3,224 57,450

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 77,718 60,783
Other debtors 33,887 19,658
111,605 80,441

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 14,185 11,461
Trade creditors 256 -
Taxation and social security 55,794 44,098
Other creditors 15,093 8,817
85,328 64,376

INSPIRED DESIGN & DEVELOPMENT LIMITED (REGISTERED NUMBER: SC370675)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 20,754 17,385

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 34,939 28,846

There is a floating charge which covers all property or undertaking of the company.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 6,301 2,340

Deferred
tax
£   
Balance at 1 April 2023 2,340
Movement 3,961
Balance at 31 March 2024 6,301

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits due from directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr G Black
Balance outstanding at start of year (857 ) 14,976
Amounts advanced 19,450 25,850
Amounts repaid (6,879 ) (41,683 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,714 (857 )

Mrs K Black
Balance outstanding at start of year - -
Amounts advanced 5,368 -
Amounts repaid (5,312 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 56 -

The loan is interest free and has no repayment date.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
INSPIRED DESIGN & DEVELOPMENT LIMITED (REGISTERED NUMBER: SC370675)

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 Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Inspired Design & Development Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Inspired Design & Development Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Inspired Design & Development Limited and state those matters that we have agreed to state to the Board of Directors of Inspired Design & Development Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Inspired Design & Development Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Inspired Design & Development Limited. You consider that Inspired Design & Development Limited 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 financial statements of Inspired Design & Development Limited. 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 financial statements.






Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX


26 November 2024