1 December 2023 false No description of principal activity Taxfiler 2024.6 08761125business:PrivateLimitedCompanyLtd2023-12-012024-11-30 087611252023-11-30 087611252023-12-012024-11-30 08761125business:AuditExemptWithAccountantsReport2023-12-012024-11-30 08761125business:AbridgedAccounts2023-12-012024-11-30 087611252024-11-30 087611252023-11-30 08761125core:WithinOneYear2024-11-30 08761125core:WithinOneYear2023-11-30 08761125core:ShareCapitalcore:PreviouslyStatedAmount2024-11-30 08761125core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 08761125core:RevaluationReservecore:PreviouslyStatedAmount2024-11-30 08761125core:RevaluationReservecore:PreviouslyStatedAmount2023-11-30 08761125core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-11-30 08761125core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 08761125core:PreviouslyStatedAmount2024-11-30 08761125core:PreviouslyStatedAmount2023-11-30 08761125business:SmallEntities2023-12-012024-11-30 08761125business:Director12023-12-012024-11-30 08761125countries:EnglandWales2023-12-012024-11-30 08761125business:RegisteredOffice2023-12-012024-11-30 08761125core:ComputerEquipment2023-12-012024-11-30 087611252022-12-012023-11-30 iso4217:GBP xbrli:pure
Inspiring Evolution Consultancy Limited Unaudited accounts Contents
Page
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Inspiring Evolution Consultancy Limited Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
260,825 
67,082 
Tangible assets
1,833 
809 
262,658 
67,891 
Current assets
Debtors
82,989 
78,294 
Cash at bank and in hand
22,719 
49,659 
105,708 
127,953 
Creditors: amounts falling due within one year
(21,209)
(42,444)
Net current assets
84,499 
85,509 
Total assets less current liabilities
347,157 
153,400 
Provisions for liabilities
Deferred tax
(421)
(154)
Net assets
346,736 
153,246 
Capital and reserves
Called up share capital
2 
2 
Revaluation reserve
165,160 
3,290 
Profit and loss account
181,574 
149,954 
Shareholders' funds
346,736 
153,246 
For the year ending 30 November 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 4 August 2025 and were signed on its behalf by
P A Mallon Director Company Registration No. 08761125
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Inspiring Evolution Consultancy Limited Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
Inspiring Evolution Consultancy Limited is a private company, limited by shares, registered in England and Wales, registration number 08761125. The registered office is 21 Foxwood Avenue, Birmingham, B43 7QX.
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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Turnover
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.
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:
Computer equipment
25% Reducing balance
Intangible fixed assets
Intangible fixed assets are included at their revalued amount at the end of the year.
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Inspiring Evolution Consultancy Limited Notes to the Accounts for the year ended 30 November 2024
4
Intangible fixed assets
Total 
£ 
Cost
At 1 December 2023
67,082 
Additions
193,743 
At 30 November 2024
260,825 
Amortisation
At 1 December 2023
- 
At 30 November 2024
- 
Net book value
At 30 November 2024
260,825 
At 30 November 2023
67,082 
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 December 2023
2,927 
Additions
1,565 
At 30 November 2024
4,492 
Depreciation
At 1 December 2023
2,118 
Charge for the year
541 
At 30 November 2024
2,659 
Net book value
At 30 November 2024
1,833 
At 30 November 2023
809 
6
Transactions with related parties
The director charged the company rent of £312 (2022: £312). The director also made an interest free loan to the company of £102 (2022:£897). The director reserves the right to charge the company interest at any stage.
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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