Inspiron Systems Ltd - Filleted accounts

Inspiron Systems Ltd
Registered number:		07659610
Statement of Financial Position
as at 30 June 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		134,067			22,485

Current assets
Stocks		109,422			87,449
Debtors	5	39,528			27,795
Cash at bank and in hand		110,194			134,038
		259,144			249,282

Creditors: amounts falling due within one year	6	(105,629)			(101,274)

Net current assets			153,515			148,008

Total assets less current liabilities			287,582			170,493

Creditors: amounts falling due after more than one year	7		(62,406)			(10,424)

Provisions for liabilities			(25,473)			(4,976)


Net assets			199,703			155,093

Capital and reserves
Called up share capital			501			501
Profit and loss account			199,202			154,592

Shareholders' funds			199,703			155,093

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




BL Grover
Director
Approved by the board on 15 September 2025

Inspiron Systems Ltd
Notes to the Accounts
for the year ended 30 June 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.

	Turnover
	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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	33.33% reducing balance
	Motor vehicles	25% reducing balance

	Inventories
	Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.

	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.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.



2	Employees and directors			2025		2024
Number					Number

	Average number of directors and persons employed by the company			4		3


3	Government grants
	The company also received a local authority grant for creating a waste reducing product. The income is shown in the profit and loss in the period in which the funds were received.

				2025		2024
£					£

	Government grant			18,850		-


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 July 2024	86,505		-		86,505
	Additions	80,437		98,163		178,600
	Disposals	(36,656)		-		(36,656)
	At 30 June 2025	130,286		98,163		228,449

	Depreciation
	At 1 July 2024	64,020		-		64,020
	Charge for the year	30,217		24,541		54,758
	On disposals	(24,396)		-		(24,396)
	At 30 June 2025	69,841		24,541		94,382

	Net book value
	At 30 June 2025	60,445		73,622		134,067
	At 30 June 2024	22,485		-		22,485




5	Debtors			2025		2024
£					£

	Trade debtors			39,477		27,696
	Other debtors			51		99
				39,528		27,795


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			10,510		10,209
	Obligations under finance lease and hire purchase contracts			11,855		-
	Trade creditors			35,786		18,508
	Accruals			1,175		1,303
	Corporation tax			8,417		19,043
	Other taxes and social security costs			36,031		6,901
	Other creditors			1,855		45,310
				105,629		101,274


7	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			-		10,424
	Obligations under finance lease and hire purchase contracts			62,406		-
				62,406		10,424


8	Other information

	Inspiron Systems Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 9 Wayside Business Park
	London Road
	Braunston, Daventry
	Northamptonshire
	NN11 7HB