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Company Registration No. 8497383 (England and Wales)
Inspo Media Ltd Unaudited accounts for the year ended 31 March 2024
Inspo Media Ltd Unaudited accounts Contents
Page
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Inspo Media Ltd Company Information for the year ended 31 March 2024
Directors
Mrs Suzannah Butcher Mr Colin Butcher
Company Number
8497383 (England and Wales)
Registered Office
35 FROBISHER GREEN TORQUAY DEVON TQ2 6JJ
Accountants
Mrs Catherine Flannery, FMAAT, FCCA, BSc (Hons) South Devon Accounting Ltd 6 Orchard Close Ogwell Newton Abbot TQ12 6AL
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Inspo Media Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
110 
140 
Current assets
Debtors
42 
- 
Cash at bank and in hand
1,322 
538 
1,364 
538 
Creditors: amounts falling due within one year
(8,707)
(4,653)
Net current liabilities
(7,343)
(4,115)
Total assets less current liabilities
(7,233)
(3,975)
Creditors: amounts falling due after more than one year
(750)
(1,350)
Net liabilities
(7,983)
(5,325)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(8,083)
(5,425)
Shareholders' funds
(7,983)
(5,325)
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 22 December 2024 and were signed on its behalf by
Mrs Suzannah Butcher Director Company Registration No. 8497383
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Inspo Media Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Inspo Media Ltd is a private company, limited by shares, registered in England and Wales, registration number 8497383. The registered office is 35 FROBISHER GREEN, TORQUAY, DEVON, TQ2 6JJ.
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% Straight Line
Computer equipment
33.33% Straight Line
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
1,400 
5,700 
7,100 
At 31 March 2024
1,400 
5,700 
7,100 
Depreciation
At 1 April 2023
1,260 
5,700 
6,960 
Charge for the year
30 
- 
30 
At 31 March 2024
1,290 
5,700 
6,990 
Net book value
At 31 March 2024
110 
- 
110 
At 31 March 2023
140 
- 
140 
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Inspo Media Ltd Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
42 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
600 
600 
Trade creditors
7 
114 
Other creditors
3,377 
1,245 
Loans from directors
4,243 
2,214 
Accruals
480 
480 
8,707 
4,653 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
750 
1,350 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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