Inspiringways Training and Consultancy Ltd iXBRL

Company Registration Number: NI658730

Inspiringways Training and Consultancy Ltd

Unaudited Financial Statements

for the financial year ended 31 March 2025

Inspiringways Training and Consultancy Ltd

DIRECTORS AND OTHER INFORMATION


Directors	Geoff Andrew Gillanders
	Elsie Stuart Gillanders


Company Registration Number	NI658730


Registered Office and Business Address	4 Ballybreagh Road, Portadown
	Craigavon
	Co. Armagh
	BT62 3SZ
	Northern Ireland


Accountants	MG accountants
	(Portadown)
	Chartered Accountants
	25-27 Carleton Street
	Portadown
	Co. Armagh
	BT62 3EP
	Northern Ireland


Bankers	Ulster Bank Ltd
	11-16 Donegall Square East
	Belfast
	BT1 5UB
	United Kingdom

Inspiringways Training and Consultancy Ltd

Company Registration Number: NI658730

BALANCE SHEET

as at 31 March 2025

		2025	2024
	Notes	£	£

Fixed Assets

Tangible assets

15,013

18,112

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Current Assets

Debtors

47,735

4,590

Cash and cash equivalents

55,973

45,371

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103,708

49,961

─────────

Creditors: amounts falling due within one year

(49,076)

(30,386)

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Net Current Assets

54,632

19,575

─────────

Total Assets less Current Liabilities

69,645

37,687

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Capital and Reserves

Called up share capital

Retained earnings

69,643

37,685

─────────

Equity attributable to owners of the company

69,645

37,687

═════════

The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Board and authorised for issue on 14 October 2025 and signed on its behalf by



________________________________
Geoff Andrew Gillanders
Director

Inspiringways Training and Consultancy Ltd

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2025

General Information

Inspiringways Training and Consultancy Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI658730. The registered office of the company is 4 Ballybreagh Road, Portadown, Craigavon, Co. Armagh, BT62 3SZ, Northern Ireland which is also the principal place of business of the company. The principal activity of the company is to deliver customised IT and professional skills training through public courses, private training, and E-Learning. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 March 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of services supplied by the company, exclusive of trade discounts and value added tax. Revenue is recognised when courses are invoiced.

Tangible assets and depreciation

Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:

Fixtures, fittings and equipment

10% Straight line

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Employees

The average monthly number of employees, including directors, during the financial year was 2, (2024 - 2).

2025

2024

Number

Number

Director

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4.	Tangible assets
		Fixtures,	Total
		fittings and
		equipment
		£	£
	Cost
	At 1 April 2024	32,039	32,039
	Additions	116	116
		─────────	─────────
	At 31 March 2025	32,155	32,155
		─────────	─────────
	Depreciation
	At 1 April 2024	13,927	13,927
	Charge for the financial year	3,215	3,215
		─────────	─────────
	At 31 March 2025	17,142	17,142
		─────────	─────────
	Net book value
	At 31 March 2025	15,013	15,013
		═════════	═════════
	At 31 March 2024	18,112	18,112
		═════════	═════════


5.	Debtors	2025	2024
		£	£

	Trade debtors	47,735	4,590
		═════════	═════════


6.	Creditors	2025	2024
	Amounts falling due within one year	£	£

	Trade creditors	1,128	6,860
	Taxation (Note 7)	23,608	9,567
	Directors' current accounts	22,600	12,519
	Accruals	1,740	1,440
		─────────	─────────
		49,076	30,386
		═════════	═════════


7.	Taxation	2025	2024
		£	£

	Creditors:
	VAT	8,859	5,040
	Corporation tax	14,749	4,527
		─────────	─────────
		23,608	9,567
		═════════	═════════

Capital commitments

The company had no material capital commitments at the financial year-ended 31 March 2025.

Post-Balance Sheet Events

There have been no significant events affecting the company since the financial year-end.