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
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
Inspo Media Ltd
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
1,322
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)
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
Inspo Media Ltd
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
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 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
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
At 31 March 2024
110
-
110
At 31 March 2023
140
-
140
Inspo Media Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
600
600
Other creditors
3,377
1,245
Loans from directors
4,243
2,214
7
Creditors: amounts falling due after more than one year
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).