Company Registration No. 6229375 (England and Wales)
INSPIRE2COACH LIMITED
Unaudited accounts
for the year ended 30 June 2024
INSPIRE2COACH LIMITED
Unaudited accounts
Contents
INSPIRE2COACH LIMITED
Company Information
for the year ended 30 June 2024
Directors
Mr R Marklow
Mr M Tennant
Company Number
6229375 (England and Wales)
Registered Office
41 Stanley Road
Rugby
Warwickshire
CV21 3UE
United Kingdom
Accountants
FITZPATRICK OWEN ASSOCIATES LTD
41 Stanley Road
Rugby
Warwickshire
CV21 3UE
INSPIRE2COACH LIMITED
Statement of financial position
as at 30 June 2024
Intangible assets
29,902
24,750
Tangible assets
2,211
3,769
Cash at bank and in hand
58,448
82,731
Creditors: amounts falling due within one year
(251,192)
(246,730)
Net current (liabilities)/assets
(5,814)
3,182
Total assets less current liabilities
26,299
31,701
Creditors: amounts falling due after more than one year
(85,822)
(106,187)
Net liabilities
(59,523)
(74,486)
Called up share capital
1,000
1,000
Profit and loss account
(60,523)
(75,486)
Shareholders' funds
(59,523)
(74,486)
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
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 R Marklow
Director
Company Registration No. 6229375
INSPIRE2COACH LIMITED
Notes to the Accounts
for the year ended 30 June 2024
INSPIRE2COACH LIMITED is a private company, limited by shares, registered in England and Wales, registration number 6229375. The registered office is 41 Stanley Road, Rugby, Warwickshire, CV21 3UE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% reducing balance
4
Intangible fixed assets
Goodwill
Other
Total
At 1 July 2023
24,750
-
24,750
At 30 June 2024
24,750
10,635
35,385
Charge for the year
-
5,483
5,483
At 30 June 2024
-
5,483
5,483
At 30 June 2024
24,750
5,152
29,902
At 30 June 2023
24,750
-
24,750
INSPIRE2COACH LIMITED
Notes to the Accounts
for the year ended 30 June 2024
5
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Trade debtors
63,175
47,565
Amounts due from group undertakings etc.
4,570
9,046
Accrued income and prepayments
19,646
55,982
Other debtors
91,544
41,044
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
40,909
42,411
Trade creditors
66,817
68,954
Amounts owed to group undertakings and other participating interests
27,559
17,562
Taxes and social security
6,665
20,055
Other creditors
375
18,236
Deferred income
17,605
11,209
8
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
2,334
2,705
INSPIRE2COACH LIMITED
Notes to the Accounts
for the year ended 30 June 2024
9
Average number of employees
During the year the average number of employees was 11 (2023: 11).