Inspire Minds UK Ltd 11129437 false 2024-02-01 2025-01-31 2025-01-31 The principal activity of the company is Events & conference organisers for team building & inspirational speakers Digita Accounts Production Advanced 6.30.9574.0 true true 11129437 2024-02-01 2025-01-31 11129437 2025-01-31 11129437 bus:OrdinaryShareClass1 2025-01-31 11129437 core:RetainedEarningsAccumulatedLosses 2025-01-31 11129437 core:ShareCapital 2025-01-31 11129437 core:CurrentFinancialInstruments 2025-01-31 11129437 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-31 11129437 core:FurnitureFittingsToolsEquipment 2025-01-31 11129437 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2025-01-31 11129437 bus:SmallEntities 2024-02-01 2025-01-31 11129437 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 11129437 bus:FilletedAccounts 2024-02-01 2025-01-31 11129437 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 11129437 bus:RegisteredOffice 2024-02-01 2025-01-31 11129437 bus:Director1 2024-02-01 2025-01-31 11129437 bus:OrdinaryShareClass1 2024-02-01 2025-01-31 11129437 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 11129437 core:FurnitureFittingsToolsEquipment 2024-02-01 2025-01-31 11129437 countries:EnglandWales 2024-02-01 2025-01-31 11129437 2024-01-31 11129437 core:FurnitureFittingsToolsEquipment 2024-01-31 11129437 2023-02-01 2024-01-31 11129437 2024-01-31 11129437 bus:OrdinaryShareClass1 2024-01-31 11129437 core:RetainedEarningsAccumulatedLosses 2024-01-31 11129437 core:ShareCapital 2024-01-31 11129437 core:CurrentFinancialInstruments 2024-01-31 11129437 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 11129437 core:FurnitureFittingsToolsEquipment 2024-01-31 11129437 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11129437

Inspire Minds UK Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 January 2025

Inspire Minds UK Ltd

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 6

Inspire Minds UK Ltd

(Registration number: 11129437)
Balance Sheet as at 31 January 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | - |  | 1,555
Current assets |  |  |  |  |
Debtors | 5 | - |  | 71 |
Cash at bank and in hand |  | - |  | 316 |
|  | - |  | 387 |
Creditors: Amounts falling due within one year | 6 | (9,066) |  | (13,191) |
Net current liabilities |  |  | (9,066) |  | (12,804)
Total assets less current liabilities |  |  | (9,066) |  | (11,249)
Provisions for liabilities |  |  | - |  | (295)
Net liabilities |  |  | (9,066) |  | (11,544)
Capital and reserves |  |  |  |  |
Called up share capital | 8 | 1 |  | 1 |
Retained earnings |  | (9,067) |  | (11,545) |
Shareholders' deficit |  |  | (9,066) |  | (11,544)

Inspire Minds UK Ltd

(Registration number: 11129437)
Balance Sheet as at 31 January 2025

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 October 2025

......................................... L I Fearn Director

Inspire Minds UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
14 Holly Park
Huby
Leeds
LS17 0BT

During the period the company has ceased to trade and is being wound up.

These financial statements were authorised for issue by the director on 23 October 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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 disclosure and presentation requirements of Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's functional and presentation currency is pound sterling.

Going concern

The company has ceased to trade and is being wound up. The financial statements have been prepared on this basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.
The company recognises revenue when the amount of revenue can be measured reliably and it is probable that future economic benefits will flow to the entity.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Inspire Minds UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Furniture, fittings and equipment | 20% reducing balance basis

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Financial assets
Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss and any subsequent reversal is recognised in profit or loss.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Financial liabilities
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Inspire Minds UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 February 2024 | 4,746 | 4,746
Disposals | (4,746) | (4,746)
At 31 January 2025 | - | -
Depreciation
At 1 February 2024 | 3,191 | 3,191
Charge for the year | 311 | 311
Eliminated on disposal | (3,502) | (3,502)
At 31 January 2025 | - | -
Carrying amount
At 31 January 2025 | - | -
At 31 January 2024 | 1,555 | 1,555

5 | Debtors

Current | 2025 £ | 2024 £
Other debtors | - | 71
| - | 71

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 7 | 7,903 | 11,778
Trade creditors |  | - | 210
Taxation and social security |  | 1,163 | 453
Accruals and deferred income |  | - | 750
|  | 9,066 | 13,191

Inspire Minds UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

7 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 7,903 | 11,778

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary share of £1 each | 1 | 1 | 1 | 1

9 | Related party transactions

Expenditure with and payables to related parties

2025 | Key management £
Amounts payable to related party | 9,147

2024 | Key management £
Amounts payable to related party | 11,778