Company Registration No. 12339810 (England and Wales)
Inspirasphere Ltd
Unaudited accounts
for the year ended 30 November 2024
Inspirasphere Ltd
Unaudited accounts
Contents
Inspirasphere Ltd
Company Information
for the year ended 30 November 2024
Company Number
12339810 (England and Wales)
Registered Office
Flat 3
68 Danby Street
Bristol
BS16 1EN
Accountants
Anthony Daniel Associates Ltd
10 Julian Place
London
E14 3AT
Inspirasphere Ltd
Statement of financial position
as at 30 November 2024
Called up share capital not paid
100
100
Cash at bank and in hand
557
938
Creditors: amounts falling due within one year
(20,170)
(15,298)
Net current liabilities
(17,778)
(14,027)
Net liabilities
(16,549)
(13,488)
Called up share capital
100
100
Profit and loss account
(16,649)
(13,588)
Shareholders' funds
(16,549)
(13,488)
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.
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 16 September 2025 and were signed on its behalf by
Yuming Cao
Director
Company Registration No. 12339810
Inspirasphere Ltd
Notes to the Accounts
for the year ended 30 November 2024
Inspirasphere Ltd is a private company, limited by shares, registered in England and Wales, registration number 12339810. The registered office is Flat 3, 68 Danby Street, Bristol, BS16 1EN.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
20% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
These accounts have been prepared on the going concern basis, on the understanding that the director and shareholders will continue to financially support the company during this uncertain period.
Inspirasphere Ltd
Notes to the Accounts
for the year ended 30 November 2024
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Loans from directors
19,058
12,807
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
The ultimate controlling party is Mr. Xin Li, who holds one hundred percent of the company shares.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).