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Company Registration No. 08271515 (England and Wales)
INSPIRING GENERATIONS LTD Unaudited accounts for the year ended 31 October 2024
INSPIRING GENERATIONS LTD Unaudited accounts Contents
Page
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INSPIRING GENERATIONS LTD Company Information for the year ended 31 October 2024
Directors
Madhsoodan Kaur Harvir Kaur Pama
Company Number
08271515 (England and Wales)
Registered Office
UNIT 1B BRINDLEY WAY WAKEFIELD 41 INDUSTRIAL ESTATE WAKEFIELD WF2 0XQ ENGLAND
Accountants
AK ACCOUNTANTS 562-564 MANCHESTER ROAD BRADFORD WEST YORKSHIRE BD5 7LR
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INSPIRING GENERATIONS LTD Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
162,500 
100,000 
Tangible assets
14,333 
19,110 
176,833 
119,110 
Current assets
Debtors
5,348 
- 
Cash at bank and in hand
36,966 
56,350 
42,314 
56,350 
Creditors: amounts falling due within one year
(177,291)
(137,170)
Net current liabilities
(134,977)
(80,820)
Net assets
41,856 
38,290 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
41,756 
38,190 
Shareholders' funds
41,856 
38,290 
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 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 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 of Directors and authorised for issue on 3 January 2025 and were signed on its behalf by
Madhsoodan Kaur Director Company Registration No. 08271515
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INSPIRING GENERATIONS LTD Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
INSPIRING GENERATIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 08271515. The registered office is UNIT 1B BRINDLEY WAY, WAKEFIELD 41 INDUSTRIAL ESTATE, WAKEFIELD, WF2 0XQ, ENGLAND.
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 November 2023
100,000 
Additions
62,500 
At 31 October 2024
162,500 
Amortisation
At 1 November 2023
- 
At 31 October 2024
- 
Net book value
At 31 October 2024
162,500 
At 31 October 2023
100,000 
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INSPIRING GENERATIONS LTD Notes to the Accounts for the year ended 31 October 2024
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 November 2023
23,887 
At 31 October 2024
23,887 
Depreciation
At 1 November 2023
4,777 
Charge for the year
4,777 
At 31 October 2024
9,554 
Net book value
At 31 October 2024
14,333 
At 31 October 2023
19,110 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
5,348 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
5,308 
9,775 
Other creditors
42,123 
15,000 
Loans from directors
126,242 
101,760 
Accruals
3,618 
10,635 
177,291 
137,170 
8
Average number of employees
During the year the average number of employees was 49 (2023: 49).
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