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REGISTERED NUMBER: 07298141 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Inspirational Selling Ltd

Inspirational Selling Ltd (Registered number: 07298141)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Inspirational Selling Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr R Bowles
Miss S J Towell





REGISTERED OFFICE: 114 Bath Road
Cheltenham
Gloucestershire
GL53 7JX





REGISTERED NUMBER: 07298141 (England and Wales)





ACCOUNTANTS: Francis & Co
Second Floor
123 Promenade
Cheltenham
Gloucestershire
GL50 1NW

Inspirational Selling Ltd (Registered number: 07298141)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 42,936 17,561
42,936 17,561

CURRENT ASSETS
Debtors 6 47,742 23,463
Cash at bank 99,952 96,998
147,694 120,461
CREDITORS
Amounts falling due within one year 7 134,551 91,909
NET CURRENT ASSETS 13,143 28,552
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,079

46,113

CREDITORS
Amounts falling due after more than one
year

8

53,259

38,383
NET ASSETS 2,820 7,730

CAPITAL AND RESERVES
Called up share capital 250 250
Retained earnings 2,570 7,480
SHAREHOLDERS' FUNDS 2,820 7,730

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Inspirational Selling Ltd (Registered number: 07298141)

Balance Sheet - continued
30 June 2024


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 17 January 2025 and were signed on its behalf by:





Miss S J Towell - Director


Inspirational Selling Ltd (Registered number: 07298141)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Inspirational Selling Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 125,000
AMORTISATION
At 1 July 2023
and 30 June 2024 125,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

Inspirational Selling Ltd (Registered number: 07298141)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 68,631
Additions 57,248
Disposals (41,625 )
At 30 June 2024 84,254
DEPRECIATION
At 1 July 2023 51,070
Charge for year 14,312
Eliminated on disposal (24,064 )
At 30 June 2024 41,318
NET BOOK VALUE
At 30 June 2024 42,936
At 30 June 2023 17,561

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 44,379 20,100
Other debtors 3,363 3,363
47,742 23,463

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 4,863 6,095
Trade creditors 629 1,062
Taxation and social security 68,669 71,689
Other creditors 50,390 3,063
134,551 91,909

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 11,933 21,317
Hire purchase contracts 41,326 17,066
53,259 38,383

9. ULTIMATE CONTROLLING PARTY

Ultimate control resides with the directors of the company.