REGISTERED NUMBER: 07133168 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

INSPIRED ACT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr P M Kelly

SECRETARY:

Mr N Kelly

REGISTERED OFFICE:

2 Long Ground

Artisan House

Corsham

Wiltshire

SN13 9EB

REGISTERED NUMBER:

07133168 (England and Wales)

ACCOUNTANTS:

TaxAgility Limited

34 Lower Richmond Road

Putney

London

SW15 1JP

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

2,317

1,994

2,317

1,994

CURRENT ASSETS

Debtors

6

479,785

559,638

Cash at bank

222,221

121,917

702,006

681,555

CREDITORS

Amounts falling due within one year

7

(278,519

)

(264,968

)

NET CURRENT ASSETS

423,487

416,587

TOTAL ASSETS LESS CURRENT LIABILITIES

425,804

418,581

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

425,704

418,481

425,804

418,581

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 31 October 2025 and were signed by:

Mr P M Kelly - Director

1.	STATUTORY INFORMATION

Inspired Act 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.

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

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

25% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

20% on cost

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

42,000

AMORTISATION

At 1 February 2024

and 31 January 2025

42,000

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

-

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 February 2024

688

4,100

9,827

14,615

Additions

-

470

1,240

1,710

At 31 January 2025

688

4,570

11,067

16,325

DEPRECIATION

At 1 February 2024

688

3,627

8,306

12,621

Charge for year

-

212

1,175

1,387

At 31 January 2025

688

3,839

9,481

14,008

NET BOOK VALUE

At 31 January 2025

-

731

1,586

2,317

At 31 January 2024

-

473

1,521

1,994

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

479,785

559,638

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

12

1,480

Trade creditors

49,534

25,444

Taxation and social security

127,834

146,787

Other creditors

101,139

91,257

278,519

264,968

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25

31.1.24

£

£

Mr P M Kelly

Balance outstanding at start of year

(89,302

)

(90,052

)

Amounts advanced

2,269

750

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(87,033

)

(89,302

)

It is confirmed that the director’s current account is debited with personal transactions and credited with director’s remuneration as well as dividends.

The loan is unsecured, interest free and no repayment terms have been agreed.