IRIS Accounts Production v24.3.2.46 06404416 director 1.11.23 31.10.24 31.10.24 false true false false false true false Ordinary 1.00000 Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh064044162023-10-31064044162024-10-31064044162023-11-012024-10-31064044162022-10-31064044162022-11-012023-10-31064044162023-10-3106404416ns15:EnglandWales2023-11-012024-10-3106404416ns14:PoundSterling2023-11-012024-10-3106404416ns10:Director12023-11-012024-10-3106404416ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3106404416ns10:SmallEntities2023-11-012024-10-3106404416ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3106404416ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3106404416ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3106404416ns10:FullAccounts2023-11-012024-10-310640441612023-11-012024-10-3106404416ns10:OrdinaryShareClass12023-11-012024-10-3106404416ns10:CompanySecretary12023-11-012024-10-3106404416ns10:RegisteredOffice2023-11-012024-10-3106404416ns5:CurrentFinancialInstruments2024-10-3106404416ns5:CurrentFinancialInstruments2023-10-3106404416ns5:ShareCapital2024-10-3106404416ns5:ShareCapital2023-10-3106404416ns5:RetainedEarningsAccumulatedLosses2024-10-3106404416ns5:RetainedEarningsAccumulatedLosses2023-10-3106404416ns5:NetGoodwill2023-11-012024-10-3106404416ns5:IntangibleAssetsOtherThanGoodwill2023-11-012024-10-3106404416ns5:LeaseholdImprovements2023-11-012024-10-3106404416ns5:FurnitureFittings2023-11-012024-10-3106404416ns5:NetGoodwill2023-10-3106404416ns5:NetGoodwill2024-10-3106404416ns5:NetGoodwill2023-10-3106404416ns5:LeaseholdImprovements2023-10-3106404416ns5:FurnitureFittings2023-10-3106404416ns5:LeaseholdImprovements2024-10-3106404416ns5:FurnitureFittings2024-10-3106404416ns5:LeaseholdImprovements2023-10-3106404416ns5:FurnitureFittings2023-10-3106404416ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3106404416ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3106404416ns5:Secured2024-10-3106404416ns5:Secured2023-10-3106404416ns10:OrdinaryShareClass12024-10-31064044161ns10:Director12023-10-31064044161ns10:Director12022-10-31064044161ns10:Director12023-11-012024-10-31064044161ns10:Director12022-11-012023-10-31064044161ns10:Director12024-10-31064044161ns10:Director12023-10-31
REGISTERED NUMBER: 06404416 (England and Wales)





















INSPIRE NORTHAMPTON LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






INSPIRE NORTHAMPTON LTD (REGISTERED NUMBER: 06404416)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


INSPIRE NORTHAMPTON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: Mrs S L Gould





SECRETARY: R J Gould





REGISTERED OFFICE: 22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ





REGISTERED NUMBER: 06404416 (England and Wales)





ACCOUNTANTS: Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

INSPIRE NORTHAMPTON LTD (REGISTERED NUMBER: 06404416)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 989
- 989

CURRENT ASSETS
Stocks - 3,500
Debtors 6 13,282 56,705
Cash at bank and in hand 9,642 30
22,924 60,235
CREDITORS
Amounts falling due within one year 7 22,824 60,602
NET CURRENT ASSETS/(LIABILITIES) 100 (367 )
TOTAL ASSETS LESS CURRENT LIABILITIES 100 622

PROVISIONS FOR LIABILITIES - 39
NET ASSETS 100 583

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings - 483
SHAREHOLDERS' FUNDS 100 583

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

INSPIRE NORTHAMPTON LTD (REGISTERED NUMBER: 06404416)

BALANCE SHEET - continued
31 OCTOBER 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 March 2025 and were signed by:





Mrs S L Gould - Director


INSPIRE NORTHAMPTON LTD (REGISTERED NUMBER: 06404416)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Inspire Northampton 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of five 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.
Improvements to property - 20% on cost
Fixtures and fittings - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 NORTHAMPTON LTD (REGISTERED NUMBER: 06404416)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 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
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.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Government grants
Grants are accounted for under the accruals model as permitted by FRS102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income,

Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 8 ) .

INSPIRE NORTHAMPTON LTD (REGISTERED NUMBER: 06404416)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023 17,000
Disposals (17,000 )
At 31 October 2024 -
AMORTISATION
At 1 November 2023 17,000
Eliminated on disposal (17,000 )
At 31 October 2024 -
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 November 2023 20,669 35,649 56,318
Disposals (20,669 ) (35,649 ) (56,318 )
At 31 October 2024 - - -
DEPRECIATION
At 1 November 2023 20,669 34,660 55,329
Charge for year - 198 198
Eliminated on disposal (20,669 ) (34,858 ) (55,527 )
At 31 October 2024 - - -
NET BOOK VALUE
At 31 October 2024 - - -
At 31 October 2023 - 989 989

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts - 43,423
Tax 13,282 13,282
13,282 56,705

INSPIRE NORTHAMPTON LTD (REGISTERED NUMBER: 06404416)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 47,446
Trade creditors - (1 )
Barclaycard - 2,845
Corporation tax 6,737 1,742
Social security and other taxes 44 1,450
VAT - 3,613
Other creditors - 250
Pension control account 144 157
Directors' current accounts 13,542 -
Accruals 2,357 3,100
22,824 60,602

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft - 16,011
Bank loans - 31,435
- 47,446

Bank loan and overdraft has been secured by personal guarantees given by the director.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

INSPIRE NORTHAMPTON LTD (REGISTERED NUMBER: 06404416)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
Mrs S L Gould
Balance outstanding at start of year 43,423 41,979
Amounts advanced - 1,444
Amounts repaid (43,423 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 43,423