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REGISTERED NUMBER: 06645492 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

INSPIRED2BE LTD

INSPIRED2BE LTD (REGISTERED NUMBER: 06645492)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INSPIRED2BE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr A R Greene
Mrs D Greene





REGISTERED OFFICE: 41 Jaguar Drive
North Hykeham
LINCOLN
Lincolnshire
LN6 9SF





REGISTERED NUMBER: 06645492 (England and Wales)





ACCOUNTANTS: Shucksmith Accountants (Gainsborough) Limited
94-96 Oswald Road
SCUNTHORPE
North Lincolnshire
DN15 7PA

INSPIRED2BE LTD (REGISTERED NUMBER: 06645492)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 725 1,441

CURRENT ASSETS
Debtors 5 2,351 5,685
Cash at bank 17,176 13,519
19,527 19,204
CREDITORS
Amounts falling due within one year 6 11,421 4,232
NET CURRENT ASSETS 8,106 14,972
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,831

16,413

PROVISIONS FOR LIABILITIES 7 137 273
NET ASSETS 8,694 16,140

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 7,694 15,140
SHAREHOLDERS' FUNDS 8,694 16,140

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

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

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 20 March 2025 and were signed on its behalf by:




Mr A R Greene - Director


INSPIRED2BE LTD (REGISTERED NUMBER: 06645492)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Inspired2be 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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

INSPIRED2BE LTD (REGISTERED NUMBER: 06645492)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2023 310 2,658 2,968
Disposals - (1,010 ) (1,010 )
At 30 September 2024 310 1,648 1,958
DEPRECIATION
At 1 October 2023 264 1,263 1,527
Charge for year 7 231 238
Eliminated on disposal - (532 ) (532 )
At 30 September 2024 271 962 1,233
NET BOOK VALUE
At 30 September 2024 39 686 725
At 30 September 2023 46 1,395 1,441

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 625 5,256
Tax 1,357 -
Prepayments and accrued income 369 429
2,351 5,685

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Corporation tax - 2,733
Social security and other taxes 1,260 -
Directors' current accounts 9,141 664
Accruals and deferred income 1,020 835
11,421 4,232

7. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 137 273

Deferred
tax
£   
Balance at 1 October 2023 273
Accelerated capital allowances (136 )
Balance at 30 September 2024 137

INSPIRED2BE LTD (REGISTERED NUMBER: 06645492)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. RESERVES
Retained
earnings
£   

At 1 October 2023 15,140
Deficit for the year (6,446 )
Dividends (1,000 )
At 30 September 2024 7,694

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year - the directors who between them are 100% shareholders - charged the company £312 (2023 - £312) for use of home as office.

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £1,000 (2023 - £1,000) were paid to the directors .

At 30 September 2024 there was a balance owed by the company to Mr A R Greene of £9,141 (2023 - £664).

This balance has been shown in Creditors.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A R Greene.

The ultimate control of the company lies with Mr A R Greene and Mrs D Green, who between them, holds 100% of the issued share capital.