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REGISTERED NUMBER: 03052761 (England and Wales)















Financial Statements for the Year Ended 27 February 2025

for

Inspired Canterbury Ltd

Inspired Canterbury Ltd (Registered number: 03052761)






Contents of the Financial Statements
for the Year Ended 27 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Inspired Canterbury Ltd

Company Information
for the Year Ended 27 February 2025







DIRECTORS: Mrs M A King
T A King





SECRETARY: T A King





REGISTERED OFFICE: Riverside House
24 Mill Lane
St Radigunds
Canterbury
Kent
CT1 2AW





REGISTERED NUMBER: 03052761 (England and Wales)





ACCOUNTANTS: Xeinadin
Unit D
South Cambs Business Park
Sawston
Cambridge
Cambridgeshire
CB22 3JH

Inspired Canterbury Ltd (Registered number: 03052761)

Balance Sheet
27 February 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 66,612 128,225

CURRENT ASSETS
Debtors 5 890,697 929,427
Cash at bank and in hand 17,819 31,632
908,516 961,059
CREDITORS
Amounts falling due within one year 6 1,001,627 1,065,051
NET CURRENT LIABILITIES (93,111 ) (103,992 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(26,499

)

24,233

CREDITORS
Amounts falling due after more than one
year

7

55,109

78,927
NET LIABILITIES (81,608 ) (54,694 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (81,610 ) (54,696 )
SHAREHOLDERS' FUNDS (81,608 ) (54,694 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Inspired Canterbury Ltd (Registered number: 03052761)

Balance Sheet - continued
27 February 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by:





T A King - Director


Inspired Canterbury Ltd (Registered number: 03052761)

Notes to the Financial Statements
for the Year Ended 27 February 2025

1. STATUTORY INFORMATION

Inspired Canterbury Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 4 ) .

Inspired Canterbury Ltd (Registered number: 03052761)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 28 February 2024 226,819
Additions 327
Disposals (42,015 )
At 27 February 2025 185,131
DEPRECIATION
At 28 February 2024 98,594
Charge for year 19,925
At 27 February 2025 118,519
NET BOOK VALUE
At 27 February 2025 66,612
At 27 February 2024 128,225

5. DEBTORS
2025 2024
£    £   
Amounts falling due within one year:
Trade debtors - 718
Other debtors 678,517 928,709
678,517 929,427

Amounts falling due after more than one year:
Trade debtors 212,180 -

Aggregate amounts 890,697 929,427

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 7,846 12,000
Hire purchase contracts 3,443 3,928
Trade creditors 5,820 97
Taxation and social security 4,518 34,083
Other creditors 980,000 1,014,943
1,001,627 1,065,051

Inspired Canterbury Ltd (Registered number: 03052761)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2025

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans - 6,296
Hire purchase contracts 55,109 72,631
55,109 78,927