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Company Registration No. 05453956 (England and Wales)
Inspired Business Marketing Limited Unaudited accounts for the year ended 31 October 2024
Inspired Business Marketing Limited Unaudited accounts Contents
Page
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Inspired Business Marketing Limited Company Information for the year ended 31 October 2024
Director
Lucy Joanne Whittington
Secretary
Andrew Mark Wilkes
Company Number
05453956 (England and Wales)
Registered Office
20-22 Wenlock Road London London N1 7GU United Kingdom
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Inspired Business Marketing Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,828 
2,438 
Current assets
Inventories
- 
2,500 
Debtors
11,104 
5,488 
Investments
102 
102 
Cash at bank and in hand
216 
743 
11,422 
8,833 
Creditors: amounts falling due within one year
(12,906)
(10,458)
Net current liabilities
(1,484)
(1,625)
Net assets
344 
813 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
244 
713 
Shareholders' funds
344 
813 
For the year ending 31 October 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 director acknowledges her 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 and authorised for issue on 25 April 2024 and were signed on its behalf by
Lucy Joanne Whittington Director Company Registration No. 05453956
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Inspired Business Marketing Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Inspired Business Marketing Limited is a private company, limited by shares, registered in England and Wales, registration number 05453956. The registered office is 20-22 Wenlock Road, London, London, N1 7GU, 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
25% reducing balance
Fixtures & fittings
25% reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Work in Progress
Work in progress is valued at the lower of cost and estimated net realisable value. Cost includes a relevant proportion of fixed and variable overheads according to the stage of completion and reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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Inspired Business Marketing Limited Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
12,379 
4,117 
16,496 
At 31 October 2024
12,379 
4,117 
16,496 
Depreciation
At 1 November 2023
10,820 
3,238 
14,058 
Charge for the year
390 
220 
610 
At 31 October 2024
11,210 
3,458 
14,668 
Net book value
At 31 October 2024
1,169 
659 
1,828 
At 31 October 2023
1,559 
879 
2,438 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
10,200 
3,807 
Amounts due from group undertakings etc.
404 
404 
Accrued income and prepayments
500 
- 
Other debtors
- 
1,277 
11,104 
5,488 
6
Investments held as current assets
2024 
2023 
£ 
£ 
Unlisted investments
102 
102 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,594 
1,437 
Trade creditors
720 
- 
Taxes and social security
2,987 
34 
Loans from directors
2,070 
8,027 
Accruals
1,535 
960 
12,906 
10,458 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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