INSPIRED FILM AND VIDEO LIMITED


Directors	LLOYD, R
	MCDONALD, M
	STUBBS, D


Registered Address	Ground Floor, Federation House
	Station Road
	Stoke-On-Trent
	ST4 2SA


Registered Number	05919449 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		20,256		30,228
			20,256		30,228
Current assets
Debtors		41,916		45,060
Cash at bank and on hand		128,694		112,976
		170,610		158,036
Creditors amounts falling due within one year	4	(119,930)		(78,439)
Net current assets (liabilities)			50,680		79,597
Total assets less current liabilities			70,936		109,825
Creditors amounts falling due after one year	5		(4,411)		(14,815)
Provisions for liabilities	6		(5,064)		(7,557)
Net assets			61,461		87,453
Capital and reserves
Called up share capital			102		102
Profit and loss account			61,359		87,351
Shareholders' funds			61,461		87,453

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 20 August 2025, and are signed on its behalf by:

LLOYD, R
Director

MCDONALD, M
Director

STUBBS, D
Director

Registered Company No. 05919449

INSPIRED FILM AND VIDEO LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

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 compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods and services is recognised when the significant risks and rewards of ownership of the goods and services have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods and services is recognised when the significant risks and rewards of ownership of the goods and services have transferred to the buyer. 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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	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.

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.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Fixtures and fittings	6.67
	Office Equipment	4

2.	Average number of employees


		2024		2023
	Average number of employees during the year	7		7

3.	Tangible fixed assets

	Fixtures & fittings	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 January 24	2,525	76,399	78,924
Additions	-	5,409	5,409
At 31 December 24	2,525	81,808	84,333
Depreciation and impairment
At 01 January 24	2,525	46,171	48,696
Charge for year	-	15,381	15,381
At 31 December 24	2,525	61,552	64,077
Net book value
At 31 December 24	-	20,256	20,256
At 31 December 23	-	30,228	30,228

4.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	628	5,079
Bank borrowings and overdrafts	10,405	10,149
Taxation and social security	50,546	38,867
Other creditors	26,013	3,674
Accrued liabilities and deferred income	32,338	20,670
Total	119,930	78,439

5.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	4,411	14,815
Total	4,411	14,815

6.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	5,064	7,557
Total	5,064	7,557