REGISTERED NUMBER: 03516701 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Inspexx Ltd

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

DIRECTORS:

G L Sampson

A Cowley

Mrs G Cowley

REGISTERED OFFICE:

300 Leeds Road

Shipley

Bradford

West Yorkshire

BD18 1EZ

REGISTERED NUMBER:

03516701 (England and Wales)

ACCOUNTANTS:

DWilkinson&Company

Bank House

27 King Street

Leeds

West Yorkshire

LS1 2HL

FIXED ASSETS

Tangible assets

4

233,911

242,813

CURRENT ASSETS

Debtors

5

134,302

181,654

Cash at bank and in hand

282,283

379,421

416,585

561,075

CREDITORS

Amounts falling due within one year

6

117,575

189,063

NET CURRENT ASSETS

299,010

372,012

TOTAL ASSETS LESS CURRENT LIABILITIES

532,921

614,825

PROVISIONS FOR LIABILITIES

7

9,207

12,051

NET ASSETS

523,714

602,774

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

523,713

602,773

SHAREHOLDERS' FUNDS

523,714

602,774

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 directors acknowledge their 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 income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

A Cowley - Director

1.	STATUTORY INFORMATION

Inspexx Ltd 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

187,445

6,391

107,513

15,620

316,969

Additions

12,289

-

-

1,865

14,154

At 31 December 2024

199,734

6,391

107,513

17,485

331,123

DEPRECIATION

At 1 January 2024

8,060

3,943

50,652

11,501

74,156

Charge for year

6,223

367

14,216

2,250

23,056

At 31 December 2024

14,283

4,310

64,868

13,751

97,212

NET BOOK VALUE

At 31 December 2024

185,451

2,081

42,645

3,734

233,911

At 31 December 2023

179,385

2,448

56,861

4,119

242,813

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

128,056

140,967

Other debtors

-

33,990

Prepayments

6,246

6,697

134,302

181,654

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

18,318

23,090

Tax

-

22,979

VAT

50,838

57,708

Other creditors

646

3,496

Directors' current accounts

24,754

30,255

Accrued expenses

23,019

51,535

117,575

189,063

Loans from directors are interest free and repayable on demand.

7.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

9,207

12,051

Deferred

tax

£

Balance at 1 January 2024

12,051

Accelerated capital allowances

(2,844

)

Balance at 31 December 2024

9,207

The entire provision of deferred tax is relating to accelerated capital allowances.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1

Ordinary shares

£1.00

1

1