Company registration number 07949947 (England and Wales)
V Inspired Marketing Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 May 2024
PAGES FOR FILING WITH REGISTRAR
V Inspired Marketing Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
V Inspired Marketing Ltd
Statement of financial position
as at 31 May 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,756
2,835
Current assets
Debtors
3,687
5,229
Cash at bank and in hand
5,598
3,407
9,285
8,636
Creditors: amounts falling due within one year
(9,438)
(9,447)
Net current liabilities
(153)
(811)
Net assets
1,603
2,024
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
1,602
2,023
Total equity
1,603
2,024
For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The director of the company has elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 13 January 2025
V Parmar
Director
Company registration number 07949947 (England and Wales)
V Inspired Marketing Ltd
Notes to the financial statements
for the year ended 31 May 2024
- 2 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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.
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Turnover is recognised at the date of invoice.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
3 years straight line
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 June 2023 and 31 May 2024
4,467
Depreciation and impairment
At 1 June 2023
1,633
Depreciation charged in the year
1,078
At 31 May 2024
2,711
Carrying amount
At 31 May 2024
1,756
At 31 May 2023
2,835
V Inspired Marketing Ltd
Notes to the financial statements (continued)
for the year ended 31 May 2024
- 3 -
4
Company information
V Inspired Marketing Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 3 Youngs Court, Main Street, Leeds, West Yorkshire, LS25 5EG.