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Company Registration No. 6229375 (England and Wales)
INSPIRE2COACH LIMITED Unaudited accounts for the year ended 30 June 2024
INSPIRE2COACH LIMITED Unaudited accounts Contents
Page
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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
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INSPIRE2COACH LIMITED Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
29,902 
24,750 
Tangible assets
2,211 
3,769 
32,113 
28,519 
Current assets
Inventories
7,995 
13,544 
Debtors
178,935 
153,637 
Cash at bank and in hand
58,448 
82,731 
245,378 
249,912 
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)
Capital and reserves
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
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INSPIRE2COACH LIMITED Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
£ 
£ 
£ 
Cost
At 1 July 2023
24,750 
- 
24,750 
Additions
- 
10,635 
10,635 
At 30 June 2024
24,750 
10,635 
35,385 
Amortisation
At 1 July 2023
- 
- 
- 
Charge for the year
- 
5,483 
5,483 
At 30 June 2024
- 
5,483 
5,483 
Net book value
At 30 June 2024
24,750 
5,152 
29,902 
At 30 June 2023
24,750 
- 
24,750 
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INSPIRE2COACH LIMITED Notes to the Accounts for the year ended 30 June 2024
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 July 2023
11,637 
Additions
899 
Disposals
(773)
At 30 June 2024
11,763 
Depreciation
At 1 July 2023
7,868 
Charge for the year
1,684 
At 30 June 2024
9,552 
Net book value
At 30 June 2024
2,211 
At 30 June 2023
3,769 
6
Debtors
2024 
2023 
£ 
£ 
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 
178,935 
153,637 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
40,909 
42,411 
VAT
54,736 
37,821 
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 
Accruals
36,526 
30,482 
Deferred income
17,605 
11,209 
251,192 
246,730 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
83,488 
103,482 
Other creditors
2,334 
2,705 
85,822 
106,187 
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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).
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