Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Mr P Norfolk 08/12/2016 Mrs L Norfolk 08/12/2016 22 March 2025 The principal activity of the Company during the financial year was dealing with sports activities. The company ceased trading on 31 December 2024. 10516465 2024-12-31 10516465 bus:Director1 2024-12-31 10516465 bus:Director2 2024-12-31 10516465 2023-12-31 10516465 core:CurrentFinancialInstruments 2024-12-31 10516465 core:CurrentFinancialInstruments 2023-12-31 10516465 core:ShareCapital 2024-12-31 10516465 core:ShareCapital 2023-12-31 10516465 core:RetainedEarningsAccumulatedLosses 2024-12-31 10516465 core:RetainedEarningsAccumulatedLosses 2023-12-31 10516465 core:ToolsEquipment 2023-12-31 10516465 core:ToolsEquipment 2024-12-31 10516465 bus:OrdinaryShareClass1 2024-12-31 10516465 bus:OrdinaryShareClass2 2024-12-31 10516465 bus:OrdinaryShareClass3 2024-12-31 10516465 2024-01-01 2024-12-31 10516465 bus:FilletedAccounts 2024-01-01 2024-12-31 10516465 bus:SmallEntities 2024-01-01 2024-12-31 10516465 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 10516465 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10516465 bus:Director1 2024-01-01 2024-12-31 10516465 bus:Director2 2024-01-01 2024-12-31 10516465 core:ToolsEquipment core:BottomRangeValue 2024-01-01 2024-12-31 10516465 core:ToolsEquipment core:TopRangeValue 2024-01-01 2024-12-31 10516465 2023-01-01 2023-12-31 10516465 core:ToolsEquipment 2024-01-01 2024-12-31 10516465 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 10516465 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 10516465 bus:OrdinaryShareClass2 2024-01-01 2024-12-31 10516465 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 10516465 bus:OrdinaryShareClass3 2024-01-01 2024-12-31 10516465 bus:OrdinaryShareClass3 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10516465 (England and Wales)

INSPIRE AND ENABLE LTD

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

INSPIRE AND ENABLE LTD

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

INSPIRE AND ENABLE LTD

BALANCE SHEET

As at 31 December 2024
INSPIRE AND ENABLE LTD

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 0 3,692
0 3,692
Current assets
Debtors 4 2,412 0
Cash at bank and in hand 15,918 33,345
18,330 33,345
Creditors: amounts falling due within one year 5 ( 2,688) ( 8,765)
Net current assets 15,642 24,580
Total assets less current liabilities 15,642 28,272
Provision for liabilities 0 ( 923)
Net assets 15,642 27,349
Capital and reserves
Called-up share capital 6 80 80
Profit and loss account 15,562 27,269
Total shareholders' funds 15,642 27,349

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Inspire and Enable Ltd (registered number: 10516465) were approved and authorised for issue by the Board of Directors on 22 March 2025. They were signed on its behalf by:

Mrs L Norfolk
Director
INSPIRE AND ENABLE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
INSPIRE AND ENABLE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Inspire and Enable Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Francis Clark Llp Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of sports services in the ordinary course of the company's activities.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Tools and equipment 3 - 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Tools and equipment Total
£ £
Cost
At 01 January 2024 4,892 4,892
Additions 180 180
Disposals ( 5,072) ( 5,072)
At 31 December 2024 0 0
Accumulated depreciation
At 01 January 2024 1,200 1,200
Charge for the financial year 1,471 1,471
Disposals ( 2,671) ( 2,671)
At 31 December 2024 0 0
Net book value
At 31 December 2024 0 0
At 31 December 2023 3,692 3,692

4. Debtors

2024 2023
£ £
Trade debtors 875 0
Corporation tax 1,537 0
2,412 0

5. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 127 5,323
Other creditors 2,561 3,442
2,688 8,765

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
40 Ordinary shares of £ 1.00 each 40 40
20 Ordinary B non-voting shares of £ 1.00 each 20 20
20 Ordinary C non-voting shares of £ 1.00 each 20 20
80 80