REGISTERED NUMBER: 06409527 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

INSPIREYOURLIFE LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Ms S Mornan-Vaughan

REGISTERED OFFICE:

4 Sudley Road

Bognor Regis

West Sussex

PO21 1EU

REGISTERED NUMBER:

06409527 (England and Wales)

ACCOUNTANTS:

Adams Beeny Limited

4 Sudley Road

Bognor Regis

West Sussex

PO21 1EU

FIXED ASSETS

Tangible assets

4

470

626

CURRENT ASSETS

Debtors

5

69,146

66,840

Cash at bank

785

8,126

69,931

74,966

CREDITORS

Amounts falling due within one year

6

58,451

60,319

NET CURRENT ASSETS

11,480

14,647

TOTAL ASSETS LESS CURRENT LIABILITIES

11,950

15,273

CREDITORS

Amounts falling due after more than one year

7

13,310

14,285

NET (LIABILITIES)/ASSETS

(1,360

)

988

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

10

(1,361

)

987

SHAREHOLDERS' FUNDS

(1,360

)

988

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 September 2025 and were signed by:

Ms S Mornan-Vaughan - Director

1.	STATUTORY INFORMATION

Inspireyourlife Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

Turnover

Turnover is measured at the invoiced value of consultancy services, net of VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

4,275

DEPRECIATION

At 1 January 2024

3,649

Charge for year

156

At 31 December 2024

3,805

NET BOOK VALUE

At 31 December 2024

470

At 31 December 2023

626

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

-

120

Other debtors

69,146

66,720

69,146

66,840

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts (see note 8)

2,300

2,300

Taxation and social security

49,763

52,471

Other creditors

6,388

5,548

58,451

60,319

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans (see note 8)

13,310

14,285

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

4,110

5,085

8.

LOANS

An analysis of the maturity of loans is given below:

31.12.24

31.12.23

£

£

Amounts falling due within one year or on demand:

Bank loans

2,300

2,300

Amounts falling due between one and two years:

Bank loans - 1-2 years

2,300

2,300

Amounts falling due between two and five years:

Bank loans - 2-5 years

6,900

6,900

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

4,110

5,085

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1

Ordinary

£1

1

1

10.

RESERVES

Retained

earnings

£

At 1 January 2024

987

Deficit for the year

(2,348

)

At 31 December 2024

(1,361

)

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

Ms S Mornan-Vaughan

Balance outstanding at start of year

65,450

51,122

Amounts advanced

8,074

17,950

Amounts repaid

(5,648

)

(3,622

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

67,876

65,450

The loan to the director is interest free and repayable on demand.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Ms S Mornan-Vaughan.