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Registered number: 10044187
The Inspirational Learning Group Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Carthy Accountants Limited
Certified Practising Accountants
33 Eastgate Street
Stafford
Staffordshire
ST16 2LZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10044187
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 6,600 8,800
Tangible Assets 5 95,192 96,721
101,792 105,521
CURRENT ASSETS
Debtors 6 301,367 181,159
Cash at bank and in hand 91 1,016
301,458 182,175
Creditors: Amounts Falling Due Within One Year 7 (549,221 ) (654,175 )
NET CURRENT ASSETS (LIABILITIES) (247,763 ) (472,000 )
TOTAL ASSETS LESS CURRENT LIABILITIES (145,971 ) (366,479 )
Creditors: Amounts Falling Due After More Than One Year 8 (46,473 ) (90,914 )
NET LIABILITIES (192,444 ) (457,393 )
CAPITAL AND RESERVES
Called up share capital 10 102 102
Revaluation reserve 12 (89,970 ) (89,970 )
Profit and Loss Account (102,576 ) (367,525 )
SHAREHOLDERS' FUNDS (192,444) (457,393)
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For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Benjamin Dyer
Director
14/11/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
The Inspirational Learning Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10044187 . The registered office is Stafford Education & Enterprise Park, Weston Road, Stafford, ST18 0BF.
The presentational and functional currency of the Company is Sterling. Results in these financial statements have been prepared to the nearest £1.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
There was a net deficiency of assets at the balance sheet date, however the directors have confirmed continued support and consider the company retains sufficient working capital to continue trading for the foreseeable future.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets include intellectual property. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 33% - straight line
Motor Vehicles 25% - reducing balance
Fixtures & Fittings 25% - reducing balance
Computer Equipment 25% - reducing balance
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2024: 14)
14 14
4. Intangible Assets
Other
£
Cost
As at 1 April 2024 11,000
As at 31 March 2025 11,000
Amortisation
As at 1 April 2024 2,200
Provided during the period 2,200
As at 31 March 2025 4,400
Net Book Value
As at 31 March 2025 6,600
As at 1 April 2024 8,800
5. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2024 138,696 27,886 166,582
Additions - 43,858 43,858
As at 31 March 2025 138,696 71,744 210,440
...CONTINUED
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Depreciation
As at 1 April 2024 62,131 7,730 69,861
Provided during the period 29,383 16,004 45,387
As at 31 March 2025 91,514 23,734 115,248
Net Book Value
As at 31 March 2025 47,182 48,010 95,192
As at 1 April 2024 76,565 20,156 96,721
The right of use asset as at the period end relates to the property lease for the Company’s premises at The New Beacon Building, Stafford Enterprise Park, Weston Road, Stafford which has been recognised on adoption of IRFS 16 Leases.  The associated IFRS 16 lease liability is included within other commitments (see note 12). 
In November 2021, the Company entered into a new property lease in respect of its office premises at The New Beacon Building, Stafford Enterprise Park, Weston Road, Stafford, effective 1 November 2021, and consequently recognised a right of use asset in respect of this lease, which was re-negotiated 1 September 2023 and expires on 31 March 2026.
An assessment was undertaken for indicators of impairment at the balance sheet.  No issues were identified that required an impairment review to be conducted.
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 214,010 163,642
Prepayments and accrued income 76,597 17,517
Other debtors 4,167 -
VAT 6,593 -
301,367 181,159
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 107,287 64,301
Other loans 38,055 31,775
Corporation tax 463 -
PAYE 11,445 9,636
VAT - 50,859
Other creditors (1) 15,062 24,708
Accruals and deferred income 205,035 260,860
Directors' loan accounts 218,217 168,718
Amounts owed to group undertakings (46,343 ) 43,318
549,221 654,175
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other loans 46,473 90,914
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9. Deferred Taxation
The provision for deferred tax is £nil (2024: £nil).
The Company offsets tax assets and liabilities if and only if it has a legally enforceable right to set off current tax assets and current tax liabilities and the deferred tax assets and deferred tax liabilities relate to income taxes levied by the same tax authority. 
10. Share Capital
2025 2024
Allotted, called up and fully paid £ £
73 Ordinary A shares of £ 1.00 each 73 73
27 Ordinary B shares of £ 1.00 each 27 27
2 Ordinary C shares of £ 1.00 each 2 2
102 102
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 38,055 31,775
Later than one year and not later than five years 46,473 90,914
84,528 122,689
All the Company loans and borrowings are denominated in GBP Sterling. The Company has no committed borrowing facilities.
As at 31 March 2025, there was a balance of £28,704 (2024: £34,259) outstanding on the Company’s Bounce Back Loan.
The Company holds a lease on its premises at Stafford Education and Enterprise Park, Weston Road, Stafford which started on 1 November 2021.  The outstanding liability at 31 March 2025 £55,824 (2024: £88,430), of which £32,500 (2024: £25,833) is payable within one year and £23,324 (2024: £62,597) is payable after more than one year. 
12. Reserves
Revaluation Reserve
£
As at 1 April 2024 (89,970 )
As at 31 March 2025 (89,970 )
13. Ultimate Parent Undertaking and Controlling Party
As at 31 March 2025, the ultimate controlling shareholder was Level Up AI Limited, which owned 100% of the share capital of The Inspirational Learning Group Limited.  
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