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REGISTERED NUMBER: 07087096 (England and Wales)















INSPIRE FINANCIAL PLANNING LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2024






INSPIRE FINANCIAL PLANNING LTD (REGISTERED NUMBER: 07087096)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INSPIRE FINANCIAL PLANNING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2024







DIRECTOR: M D Randall





REGISTERED OFFICE: Redwood House
Templars Way Industrial Estate
Royal Wootton Bassett
Wiltshire
SN4 7SR





REGISTERED NUMBER: 07087096 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

INSPIRE FINANCIAL PLANNING LTD (REGISTERED NUMBER: 07087096)

BALANCE SHEET
30TH NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 31,095 40,525
Investments 6 176,296 163,817
207,391 204,342

CURRENT ASSETS
Debtors 7 831 245
Cash at bank 44,703 62,899
45,534 63,144
CREDITORS
Amounts falling due within one year 8 33,570 3,792
NET CURRENT ASSETS 11,964 59,352
TOTAL ASSETS LESS CURRENT
LIABILITIES

219,355

263,694

CREDITORS
Amounts falling due after more than one
year

9

(2,363

)

(29,381

)

PROVISIONS FOR LIABILITIES (25,125 ) (21,621 )
NET ASSETS 191,867 212,692

INSPIRE FINANCIAL PLANNING LTD (REGISTERED NUMBER: 07087096)

BALANCE SHEET - continued
30TH NOVEMBER 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Fair value reserve 11 81,928 59,346
Retained earnings 108,939 152,346
SHAREHOLDERS' FUNDS 191,867 212,692

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 17th January 2025 and were signed by:





M D Randall - Director


INSPIRE FINANCIAL PLANNING LTD (REGISTERED NUMBER: 07087096)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024

1. STATUTORY INFORMATION

Inspire Financial Planning 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of four years.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.


INSPIRE FINANCIAL PLANNING LTD (REGISTERED NUMBER: 07087096)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st December 2023
and 30th November 2024 10,000
AMORTISATION
At 1st December 2023
and 30th November 2024 10,000
NET BOOK VALUE
At 30th November 2024 -
At 30th November 2023 -

INSPIRE FINANCIAL PLANNING LTD (REGISTERED NUMBER: 07087096)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st December 2023 2,915 44,420 3,997 51,332
Additions - - 2,335 2,335
At 30th November 2024 2,915 44,420 6,332 53,667
DEPRECIATION
At 1st December 2023 728 6,478 3,601 10,807
Charge for year 437 11,105 223 11,765
At 30th November 2024 1,165 17,583 3,824 22,572
NET BOOK VALUE
At 30th November 2024 1,750 26,837 2,508 31,095
At 30th November 2023 2,187 37,942 396 40,525

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st December 2023
and 30th November 2024 44,420
DEPRECIATION
At 1st December 2023 6,478
Charge for year 11,105
At 30th November 2024 17,583
NET BOOK VALUE
At 30th November 2024 26,837
At 30th November 2023 37,942

INSPIRE FINANCIAL PLANNING LTD (REGISTERED NUMBER: 07087096)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st December 2023 163,817
Additions 600
Disposals (16,000 )
Revaluations 27,879
At 30th November 2024 176,296
NET BOOK VALUE
At 30th November 2024 176,296
At 30th November 2023 163,817

Cost or valuation at 30th November 2024 is represented by:

Other
investments
£   
Valuation in 2024 12,479
Valuation in 2023 (16,459 )
Valuation in 2022 (85,929 )
Valuation in 2021 39,126
Valuation in 2020 16,191
Valuation in 2019 77,888
Valuation in 2018 133,000
176,296

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 400 -
Prepayments 431 245
831 245

INSPIRE FINANCIAL PLANNING LTD (REGISTERED NUMBER: 07087096)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 27,789 2,778
Trade creditors 430 -
Corporation Tax 4,157 -
Social security and other taxes 137 4
Directors' current accounts 214 115
Accruals and deferred income 843 895
33,570 3,792

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 27,789
Fee clawbacks 2,363 1,592
2,363 29,381

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

11. RESERVES
Fair
value
reserve
£   
At 1st December 2023 59,346
Revaluations 27,879
Deferred tax (5,297 )

At 30th November 2024 81,928

12. RELATED PARTY DISCLOSURES

The company owed the director M D Randall £214 at 30 November 2024 (2023 : £115).