Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 10387715 Mr Chris Dixon Mr Jim Wylie Mr Terence Stanley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10387715 2023-12-31 10387715 2024-12-31 10387715 2024-01-01 2024-12-31 10387715 frs-core:CurrentFinancialInstruments 2024-12-31 10387715 frs-core:ComputerEquipment 2024-12-31 10387715 frs-core:ComputerEquipment 2024-01-01 2024-12-31 10387715 frs-core:ComputerEquipment 2023-12-31 10387715 frs-core:PlantMachinery 2024-12-31 10387715 frs-core:PlantMachinery 2024-01-01 2024-12-31 10387715 frs-core:PlantMachinery 2023-12-31 10387715 frs-core:ShareCapital 2024-12-31 10387715 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10387715 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10387715 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 10387715 frs-bus:SmallEntities 2024-01-01 2024-12-31 10387715 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10387715 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10387715 frs-bus:Director1 2024-01-01 2024-12-31 10387715 frs-bus:Director2 2024-01-01 2024-12-31 10387715 frs-bus:Director3 2024-01-01 2024-12-31 10387715 frs-countries:EnglandWales 2024-01-01 2024-12-31 10387715 2022-12-31 10387715 2023-12-31 10387715 2023-01-01 2023-12-31 10387715 frs-core:CurrentFinancialInstruments 2023-12-31 10387715 frs-core:Non-currentFinancialInstruments 2023-12-31 10387715 frs-core:ShareCapital 2023-12-31 10387715 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 10387715
Inspire Motor Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 10387715
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 121,077 113,827
121,077 113,827
CURRENT ASSETS
Debtors 5 79,175 776,867
Cash at bank and in hand 256,264 2,384,523
335,439 3,161,390
Creditors: Amounts Falling Due Within One Year 6 (159,310 ) (2,819,084 )
NET CURRENT ASSETS (LIABILITIES) 176,129 342,306
TOTAL ASSETS LESS CURRENT LIABILITIES 297,206 456,133
NET ASSETS 297,206 456,133
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 297,106 456,033
SHAREHOLDERS' FUNDS 297,206 456,133
For the 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.
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Chris Dixon
Director
Mr Jim Wylie
Director
Mr Terence Stanley
Director
26 March 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Inspire Motor Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10387715 . The registered office is C/O Sempar, Office 2.026, Innovation Centre 7, Keele University , Keele, Staffordshire, ST5 5NU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Presentation currency
The accounts are presented in £ sterling.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable for services supplied, net of discounts. Revenue from the supply of services is recognised when the amount of revenue can be measured reliably; it is probable that the associated benefits will flow to the company; and the costs incurred in respect of the transaction can be measured reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33.3% straight line
Computer Equipment 33.3% straight line
2.4. Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using tax rates and laws that have been enacted or substantively enacted at the reporting date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 258,046 875 258,921
Additions 89,902 - 89,902
Disposals (119,583 ) - (119,583 )
As at 31 December 2024 228,365 875 229,240
Depreciation
As at 1 January 2024 144,219 875 145,094
Disposals (36,931 ) - (36,931 )
As at 31 December 2024 107,288 875 108,163
Net Book Value
As at 31 December 2024 121,077 - 121,077
As at 1 January 2024 113,827 - 113,827
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 45,054 686,423
Prepayments and accrued income 4,700 6,801
Other debtors 15,820 9,592
Corporation tax recoverable assets 13,601 -
Directors' loan accounts - 60,450
79,175 763,266
Due after more than one year
Corporation tax recoverable assets - 13,601
79,175 776,867
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 154,946 2,714,976
Corporation tax - 13,601
Other taxes and social security 2,595 16,282
Accruals and deferred income 1,769 74,225
159,310 2,819,084
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
Included within Debtors are aggregate loans to directors of £nil (2023: £60,450).
The above loan was unsecured, repayable on demand and interest was charged at 2.25% per annum.
Page 3