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INSPIRED VENTURES LIMITED

Registered Number
08834469
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2025

INSPIRED VENTURES LIMITED
Company Information
for the year from 1 February 2024 to 31 January 2025

Directors

FENTON, Matthew Stuart
PERRY, Keith Martin
SHAFQAT, Kamran
SWEALES, Lyndsay

Registered Address

2 Faraday Lodge
Badgers Holt
Tunbridge Wells
TN2 3DX

Registered Number

08834469 (England and Wales)
INSPIRED VENTURES LIMITED
Balance Sheet as at
31 January 2025

Notes

2025

2024

£

£

£

£

Current assets
Debtors60,91598,215
Cash at bank and on hand46,31912,180
107,234110,395
Creditors amounts falling due within one year(114,661)(126,067)
Net current assets (liabilities)(7,427)(15,672)
Total assets less current liabilities(7,427)(15,672)
Creditors amounts falling due after one year(52,302)(32,589)
Net assets(59,729)(48,261)
Capital and reserves
Called up share capital57,73257,732
Share premium247,633247,633
Profit and loss account(365,094)(353,626)
Shareholders' funds(59,729)(48,261)
The financial statements were approved and authorised for issue by the Board of Directors on 10 July 2025, and are signed on its behalf by:
FENTON, Matthew Stuart
Director
Registered Company No. 08834469
INSPIRED VENTURES LIMITED
Notes to the Financial Statements
for the year ended 31 January 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Revenue from rendering of services
Revenue 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.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2.Average number of employees

20252024
Average number of employees during the year22