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REGISTERED NUMBER: 05146682 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

INSPIRE FIELD
MARKETING LIMITED

INSPIRE FIELD
MARKETING LIMITED (REGISTERED NUMBER: 05146682)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INSPIRE FIELD
MARKETING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: P J Marsh
L C Marsh





REGISTERED OFFICE: Unit 3
Elm Court, Meriden Business Park
Copse Drive
Coventry
CV5 9RG





REGISTERED NUMBER: 05146682 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
5 Argosy Court
Scimitar Way
Whitley Business Park
Coventry
CV3 4GA

INSPIRE FIELD
MARKETING LIMITED (REGISTERED NUMBER: 05146682)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 146,455 53,404

CURRENT ASSETS
Debtors 4 839,086 965,867
Cash at bank 1,389,763 1,099,231
2,228,849 2,065,098
CREDITORS
Amounts falling due within one year 5 1,884,581 657,361
NET CURRENT ASSETS 344,268 1,407,737
TOTAL ASSETS LESS CURRENT
LIABILITIES

490,723

1,461,141

CREDITORS
Amounts falling due after more than one
year

6

(63,285

)

-

PROVISIONS FOR LIABILITIES (13,286 ) (11,158 )
NET ASSETS 414,152 1,449,983

CAPITAL AND RESERVES
Called up share capital 101 100
Retained earnings 414,051 1,449,883
SHAREHOLDERS' FUNDS 414,152 1,449,983

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

INSPIRE FIELD
MARKETING LIMITED (REGISTERED NUMBER: 05146682)

BALANCE SHEET - continued
31 DECEMBER 2024


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 10 July 2025 and were signed on its behalf by:





P J Marsh - Director


INSPIRE FIELD
MARKETING LIMITED (REGISTERED NUMBER: 05146682)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. 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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 437 (2023 - 402 ) .

INSPIRE FIELD
MARKETING LIMITED (REGISTERED NUMBER: 05146682)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


3. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2024 61,965 46,662 108,627
Additions 35,668 90,496 126,164
Disposals - (9,667 ) (9,667 )
At 31 December 2024 97,633 127,491 225,124
DEPRECIATION
At 1 January 2024 30,588 24,635 55,223
Charge for year 7,490 22,990 30,480
Eliminated on disposal - (7,034 ) (7,034 )
At 31 December 2024 38,078 40,591 78,669
NET BOOK VALUE
At 31 December 2024 59,555 86,900 146,455
At 31 December 2023 31,377 22,027 53,404

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 584,859 850,676
Other debtors 254,227 115,191
839,086 965,867

Included within trade debtors are amounts totalling £584,859 (2023: £850,676) which are subject to an invoice discounting agreement.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 7) 6,336 -
Trade creditors 299,776 5,031
Amounts owed to group undertakings 1,100,000 -
Taxation and social security 278,220 199,093
Other creditors 200,249 453,237
1,884,581 657,361

INSPIRE FIELD
MARKETING LIMITED (REGISTERED NUMBER: 05146682)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 7) 63,285 -

7. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 6,336 -
Between one and five years 63,285 -
69,621 -

Non-cancellable operating leases
2024 2023
£    £   
Within one year - 3,508