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
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
Inspired Business Marketing Limited
Statement of financial position
as at 31 October 2024
Tangible assets
1,828
2,438
Cash at bank and in hand
216
743
Creditors: amounts falling due within one year
(12,906)
(10,458)
Net current liabilities
(1,484)
(1,625)
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
Inspired Business Marketing Limited
Notes to the Accounts
for the year ended 31 October 2024
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.
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
25% reducing balance
Fixtures & fittings
25% reducing balance
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 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.
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
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
At 31 October 2024
1,169
659
1,828
At 31 October 2023
1,559
879
2,438
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
-
6
Investments held as current assets
2024
2023
Unlisted investments
102
102
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
2,987
34
Loans from directors
2,070
8,027
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).