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REGISTERED NUMBER: 13751482 (England and Wales)








Unaudited Financial Statements

for the Period 1 December 2022 to 31 March 2024

for

Inspire Your Business (Number 2) Limited

Inspire Your Business (Number 2) Limited (Registered number: 13751482)






Contents of the Financial Statements
for the Period 1 December 2022 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Inspire Your Business (Number 2) Limited

Company Information
for the Period 1 December 2022 to 31 March 2024







DIRECTORS: R A Tait BFP ACA FCCA
M D McKenna ACA





REGISTERED OFFICE: 6 Queens Court
Third Avenue
Team Valley
Gateshead
Tyne and Wear
NE11 0BU





REGISTERED NUMBER: 13751482 (England and Wales)





ACCOUNTANTS: Inspire Chartered Accountants
6 Queens Court
Third Avenue
Team Valley
Gateshead
Tyne and Wear
NE11 0BU

Inspire Your Business (Number 2) Limited (Registered number: 13751482)

Balance Sheet
31 March 2024

31.3.24 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 562,500 -

CURRENT ASSETS
Debtors 5 223,594 -
Cash at bank and in hand 27,848 100
251,442 100
CREDITORS
Amounts falling due within one year 6 722,896 -
NET CURRENT (LIABILITIES)/ASSETS (471,454 ) 100
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,046

100

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 90,946 -
91,046 100

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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.

Inspire Your Business (Number 2) Limited (Registered number: 13751482)

Balance Sheet - continued
31 March 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2025 and were signed on its behalf by:





R A Tait BFP ACA FCCA - Director


Inspire Your Business (Number 2) Limited (Registered number: 13751482)

Notes to the Financial Statements
for the Period 1 December 2022 to 31 March 2024

1. STATUTORY INFORMATION

Inspire Your Business (Number 2) Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Inspire Your Business (Number 2) Limited (Registered number: 13751482)

Notes to the Financial Statements - continued
for the Period 1 December 2022 to 31 March 2024

2. ACCOUNTING POLICIES - continued

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 period was 12 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 625,000
At 31 March 2024 625,000
AMORTISATION
Charge for period 62,500
At 31 March 2024 62,500
NET BOOK VALUE
At 31 March 2024 562,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.11.22
£    £   
Trade debtors 218,609 -
Other debtors 4,985 -
223,594 -

Inspire Your Business (Number 2) Limited (Registered number: 13751482)

Notes to the Financial Statements - continued
for the Period 1 December 2022 to 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.11.22
£    £   
Amounts owed to group undertakings 450,550 -
Taxation and social security 155,452 -
Other creditors 116,894 -
722,896 -