Inspire Contract Services Holdings Limited Group accounts (Group and Company)

COMPANY REGISTRATION NUMBER: 15259227

Inspire Contract Services Holdings Limited

Financial Statements

31 March 2025

Inspire Contract Services Holdings Limited

Financial Statements

Period from 3 November 2023 to 31 March 2025

Contents	Page

Strategic report	1

Directors' report	3

Independent auditor's report to the members	5

Consolidated statement of comprehensive income	9

Consolidated statement of financial position	10

Company statement of financial position	11

Consolidated statement of changes in equity	12

Company statement of changes in equity	13

Consolidated statement of cash flows	14

Notes to the financial statements	15

Inspire Contract Services Holdings Limited

Strategic Report

Period from 3 November 2023 to 31 March 2025

The directors present their report and the financial statements of the company for the year ended 31 March 2025. Principal activities The principal activity of the company during the year was the installation, repair and refurbishment of commercial roofing systems. Business review and future developments The business experienced positive revenue growth during the year ended 31 March 2025 with the business delivering improved gross margin as a result of stronger project management. Short term market indicators remain strong and management are planning for a continuation of strong performance in the forthcoming year. Key performance indicators The company uses a large number of performance indicators to measure day-to-day operational and financial activity in the business. Most of these are studied on a daily, weekly or monthly basis. Every senior manager receives a weekly and monthly pack of indicators which is the basis of regular operational meetings. Principal risks and uncertainties facing the company Strategic, commercial and operational risks The business environment in which we operate continues to provide opportunities despite the current economic challenges. Strategic partnerships in the private and public sector continue to provide significant opportunities for the business. The Directors recognise the potential risk of fluctuations in public spending patterns and steps are taken by the board to understand and evaluate such risks in order to achieve our continued objective of a long term, sustainable business model. The company regularly reviews its staffing levels, business processes and policies to ensure that they continue to be appropriate for the scale of business. Financial risk management The business environment in which we operate continues to provide opportunities in a challenging although improving economic climate. To alleviate any risks, the company regularly reviews its staffing levels, business processes and policies to ensure that they continue to be appropriate for the scale of business.

This report was approved by the board of directors on 3 December 2025 and signed on behalf of the board by:

G Slawson

Director

Registered office:

Camburgh House

27 New Dover Road

Canterbury

Kent

United Kingdom

CT1 3DN

Inspire Contract Services Holdings Limited

Directors' Report

Period from 3 November 2023 to 31 March 2025

The directors present their report and the financial statements of the group for the period ended 31 March 2025 .

Directors

The directors who served the company during the period were as follows:

G Slawson	(Appointed 3 November 2023)
G Gray	(Appointed 3 November 2023)
C Slawson	(Appointed 3 November 2023)
T Alexander	(Appointed 3 November 2023)

Dividends

Particulars of recommended dividends are detailed in note 12 to the financial statements.

Directors' responsibilities statement

The directors are responsible for preparing the strategic report, directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial period. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and the company and the profit or loss of the group for that period. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the group and the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the group and the company's auditor is aware of that information.

This report was approved by the board of directors on 3 December 2025 and signed on behalf of the board by:

G Slawson

Director

Registered office:

Camburgh House

27 New Dover Road

Canterbury

Kent

United Kingdom

CT1 3DN

Inspire Contract Services Holdings Limited

Independent Auditor's Report to the Members of Inspire Contract Services Holdings Limited

Period from 3 November 2023 to 31 March 2025

Opinion

We have audited the financial statements of Inspire Contract Services Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the period ended 31 March 2025 which comprise the consolidated statement of comprehensive income, consolidated statement of financial position, company statement of financial position, consolidated statement of changes in equity, company statement of changes in equity, consolidated statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the group's and of the parent company's affairs as at 31 March 2025 and of the group's profit for the period then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- the information given in the strategic report and the directors' report for the financial period for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or - the parent company financial statements are not in agreement with the accounting records and returns; or - certain disclosures of directors' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis of our opinion. In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we have considered; the nature of the industry, control environment and business performance with particular reference to the Company's remuneration policies, key drivers for directors' remuneration, bonus levels and performance targets. We also consider the results of our enquiries of management, relating to their own identification and assessment of the risks of irregularities and possible related fraud. This includes reviewing available documentation on their policies and procedures and performing tests of controls to evidence their effectiveness. Throughout the audit testing we are considering the incentives that may exist within the organisation for fraud. Key areas include timing of recognising the income around the year end, posting of unusual journals and manipulating the Company's performance measures to meet remuneration targets and bank covenants. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. We ensure we have an understanding of the relevant laws and regulations and remain alert to possible non-compliance throughout the audit. Despite proper planning and audit work in accordance with auditing standards there are inherent limitations and unavoidable risk that we may not detect some irregularities and material misstatements in the financial statements. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the group's internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the group's or the parent company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the group or the parent company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. - Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report

This report is made solely to the company's members, as a body, in accordance with chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Dominic Wood

(Senior Statutory Auditor)

For and on behalf of

Burgess Hodgson Audit Limited

Chartered accountants & statutory auditor

Camburgh House

27 New Dover Road

Canterbury

Kent

CT1 3DN

3 December 2025

Inspire Contract Services Holdings Limited

Consolidated Statement of Comprehensive Income

Period from 3 November 2023 to 31 March 2025

		Period from
		3 Nov 23 to
		31 Mar 25
Note		£
Turnover	4	22,438,909

Cost of sales	15,662,768
	-------------
Gross profit	6,776,141

Administrative expenses		2,021,683
		------------
Operating profit	5	4,754,458

Other interest receivable and similar income	9	47,341
Interest payable and similar expenses	10	32,658
		------------
Profit before taxation		4,769,141

Tax on profit	11	1,326,933
		------------
Profit for the financial period and total comprehensive income		3,442,208
		------------

All the activities of the group are from continuing operations.

Inspire Contract Services Holdings Limited

Consolidated Statement of Financial Position

31 March 2025

	31 Mar 25
Note	£

Fixed assets

Tangible assets	13	158,650

Current assets

Stocks	15	238,578
Debtors	16	12,678,308
Cash at bank and in hand		1,464,309
		-------------
		14,381,195

Creditors: amounts falling due within one year	17	3,888,165
		-------------
Net current assets		10,493,030
		-------------
Total assets less current liabilities		10,651,680

Provisions	18	25,409
		-------------
Net assets		10,626,271
		-------------

Capital and reserves

Called up share capital	21	210
Share premium account	22	8,005,453
Profit and loss account	22	2,620,608
		-------------
Shareholders funds		10,626,271
		-------------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the medium companies regime.

These financial statements were approved by the board of directors and authorised for issue on 3 December 2025 , and are signed on behalf of the board by:

G Slawson

Director

Company registration number: 15259227

Inspire Contract Services Holdings Limited

Company Statement of Financial Position

31 March 2025

	31 Mar 25
Note	£

Fixed assets

Investments	14	8,005,558

Current assets

Cash at bank and in hand	105
	----
Net current assets	105
	------------
Total assets less current liabilities	8,005,663
	------------

Capital and reserves

Called up share capital	21	210
Share premium account	22	8,005,453
		------------
Shareholders funds		8,005,663
		------------

The profit for the financial period of the parent company was £ 821,600 .

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the medium companies regime.

These financial statements were approved by the board of directors and authorised for issue on 3 December 2025 , and are signed on behalf of the board by:

G Slawson

Director

Company registration number: 15259227

Inspire Contract Services Holdings Limited

Consolidated Statement of Changes in Equity

Period from 3 November 2023 to 31 March 2025

		Called up share capital	Share premium account	Profit and loss account	Total
		£	£	£	£
At 3 November 2023		–	–	–	–

Profit for the period				3,442,208	3,442,208
		----	----	------------	------------
Total comprehensive income for the period		–	–	3,442,208	3,442,208

Issue of shares		210	8,005,453	–	8,005,663
Dividends paid and payable	12	–	–	( 821,600)	( 821,600)
		----	------------	---------	------------
Total investments by and distributions to owners		210	8,005,453	( 821,600)	7,184,063

		----	------------	------------	-------------
At 31 March 2025		210	8,005,453	2,620,608	10,626,271
		----	------------	------------	-------------

Inspire Contract Services Holdings Limited

Company Statement of Changes in Equity

Period from 3 November 2023 to 31 March 2025

		Called up share capital	Share premium account	Profit and loss account	Total
		£	£	£	£
At 3 November 2023		–	–	–	–

Profit for the period				821,600	821,600
		----	----	---------	---------
Total comprehensive income for the period		–	–	821,600	821,600

Issue of shares		210	8,005,453	–	8,005,663
Dividends paid and payable	12	–	–	( 821,600)	( 821,600)
		----	------------	---------	------------
Total investments by and distributions to owners		210	8,005,453	( 821,600)	7,184,063

		----	------------	---------	------------
At 31 March 2025		210	8,005,453	–	8,005,663
		----	------------	---------	------------

Inspire Contract Services Holdings Limited

Consolidated Statement of Cash Flows

Period from 3 November 2023 to 31 March 2025

	31 Mar 25
	£

Cash flows from operating activities

Profit for the financial period	3,442,208

Adjustments for:
Depreciation of tangible assets	64,771
Tax on profit	1,339,006
Accrued income	( 2,771,177)

Changes in:
Stocks	( 238,578)
Trade and other debtors	( 8,728,990)
Trade and other creditors	2,406,058
	------------
Cash generated from operations	( 4,486,702)

Tax paid	( 1,009,631)
	------------
Net cash (used in)/from operating activities	( 5,496,333)
	------------

Cash flows from investing activities

Purchase of tangible assets	( 223,421)
	------------
Net cash used in investing activities	( 223,421)
	------------

Cash flows from financing activities

Proceeds from issue of ordinary shares	8,005,663
Dividends paid	( 821,600)
	------------
Net cash from financing activities	7,184,063
	------------

Net increase in cash and cash equivalents	1,464,309
Cash and cash equivalents at beginning of period	–
	------------
Cash and cash equivalents at end of period	1,464,309
	------------

Inspire Contract Services Holdings Limited

Notes to the Financial Statements

Period from 3 November 2023 to 31 March 2025

(continued)

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Basis of acquisition accounting

The acquisition of Inspire Contract Services Limited was accounted for using the acquisition method in accordance with FRS 102 Section 19, whereby the identifiable assets and liabilities of the acquired entity were recognised at their fair values at the date of acquisition.

Disclosure exemptions

The parent company satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following reduced disclosures available under FRS 102:

(a) Disclosures in respect of each class of share capital have not been presented.

(b) No cash flow statement has been presented for the company.

(c) Disclosures in respect of financial instruments have not been presented.

(d) No disclosure has been given for the aggregate remuneration of key management personnel.

Consolidation

The financial statements consolidate the financial statements of Inspire Contract Services Holdings Limited and all of its subsidiary undertakings.

The results of subsidiaries acquired or disposed of during the period are included from or to the date that control passes.

The parent company has applied the exemption contained in section 408 of the Companies Act 2006 and has not presented its individual profit and loss account.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Significant judgements The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows: Valuation of work in progress - Work in progress on long-term construction contracts is measured using the percentage of completion method. The stage of completion is assessed by comparing costs incurred to date with total estimated costs for each contract. This requires estimation of total contract costs and expected margins, which are subject to uncertainty and may change as projects progress. Accrual of costs based on margin - The company estimates total contract costs and expected margins to determine the percentage of completion and profit recognition. These estimates are based on current project budgets, supplier agreements and anticipated future costs. Changes in these assumptions can significantly affect reported revenue and profit. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: Bad debts - Directors have included bad debt provisions for items due from customers in administration and any other debts which are in dispute have been reviewed and a proportion has been provided based on expected outcome.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	25% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Fair Value of Net Assets

The net assets of the acquired entity were deemed to be held at fair value of £8,005,558. This valuation reflects the directors' assessment that the carrying value of the net assets approximates fair value, as there is no intention to sell or dispose of the assets and they are held for long-term strategic purposes.

Consideration Transferred

The consideration for the acquisition was satisfied by the issue of ordinary shares with a nominal value of £210. For accounting purposes, the fair value of the consideration was assessed to be £105, resulting in a share premium of £8,005,453. This differs from the legal share capital recorded at Companies House, which reflects only the nominal value of the shares issued.

Goodwill

No goodwill arose on acquisition as the fair value of the consideration transferred equalled the fair value of the net assets acquired.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Turnover

Turnover arises from:

	Period from
	3 Nov 23 to
	31 Mar 25
	£
Sale of goods	22,438,909
	-------------

The whole of the turnover is attributable to the principal activity of the group wholly undertaken in the United Kingdom.

5. Operating profit

Operating profit or loss is stated after charging/crediting:

	Period from
	3 Nov 23 to
	31 Mar 25
	£
Depreciation of tangible assets	64,771
Impairment of trade debtors	(78,090)
	--------

6. Auditor's remuneration

	Period from
	3 Nov 23 to
	31 Mar 25
	£
Fees payable for the audit of the financial statements	13,000
	--------

7. Staff costs

The average number of persons employed by the group during the period, including the directors, amounted to:

	31 Mar 25
	No.
Production staff	12
Administrative staff	17
	----
	29
	----

The aggregate payroll costs incurred during the period, relating to the above, were:

	Period from
	3 Nov 23 to
	31 Mar 25
	£
Wages and salaries	815,743
Social security costs	120,848
Other pension costs	251,815
	------------
	1,188,406
	------------

8. Directors' remuneration

The directors' aggregate remuneration in respect of qualifying services was:

	Period from
	3 Nov 23 to
	31 Mar 25
	£
Remuneration	274,115
	---------

Remuneration of the highest paid director in respect of qualifying services:

	Period from
	3 Nov 23 to
	31 Mar 25
	£
Aggregate remuneration	246,600
	---------

9. Other interest receivable and similar income

	Period from
	3 Nov 23 to
	31 Mar 25
	£
Interest on cash and cash equivalents	47,341
	--------

10. Interest payable and similar expenses

	Period from
	3 Nov 23 to
	31 Mar 25
	£
Other interest payable and similar charges	32,658
	--------

11. Tax on profit

Major components of tax expense

	Period from
	3 Nov 23 to
	31 Mar 25
	£

Current tax:

UK current tax income	1,186,657
Adjustments in respect of prior periods	126,940
	------------
Total current tax	1,313,597
	------------

Deferred tax:

Origination and reversal of timing differences	13,336
	------------
Tax on profit	1,326,933
	------------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the period is higher than the standard rate of corporation tax in the UK of 25 %.

	Period from
	3 Nov 23 to
	31 Mar 25
	£
Profit on ordinary activities before taxation	4,769,141
	------------
Profit on ordinary activities by rate of tax	1,192,285
Adjustment to tax charge in respect of prior periods	126,940
Effect of expenses not deductible for tax purposes	9,321
Effect of capital allowances and depreciation	( 14,949)
Other tax adjustment to increase/(decrease) tax liability - desc in a/cs	13,336
	------------
Tax on profit	1,326,933
	------------

12. Dividends

	31 Mar 25
	£
Dividends paid during the period (excluding those for which a liability existed at the end of the prior period )	821,600
	---------

13. Tangible assets

Group	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 3 November 2023	–	–	–	–	–
Additions	10,975	2,927	191,350	18,169	223,421
	--------	-------	---------	--------	---------
At 31 March 2025	10,975	2,927	191,350	18,169	223,421
	--------	-------	---------	--------	---------
Depreciation
At 3 November 2023	–	–	–	–	–
Charge for the period	729	2,927	58,076	3,039	64,771
	--------	-------	---------	--------	---------
At 31 March 2025	729	2,927	58,076	3,039	64,771
	--------	-------	---------	--------	---------
Carrying amount
At 31 March 2025	10,246	–	133,274	15,130	158,650
	--------	-------	---------	--------	---------

The company has no tangible assets.

14. Investments

The group has no investments.

Company	Shares in group undertakings
	£
Cost
At 3 November 2023	–
Additions	8,005,558
	------------
At 31 March 2025	8,005,558
	------------
Impairment
At 3 November 2023 and 31 March 2025	–
	------------

Carrying amount
At 31 March 2025	8,005,558
	------------

Subsidiaries, associates and other investments

Details of the investments in which the parent company has an interest of 20% or more are as follows:

	Class of share	Percentage of shares held
Subsidiary undertakings
Inspire Contract Services Limited - Camburgh House, 27 New Dover Road, Canterbury, Kent, United Kingdom, CT1 3DN	Ordinary	100

15. Stocks

	Group	Company
	31 Mar 25	31 Mar 25
	£	£
Work in progress	238,578	–
	---------	----

16. Debtors

	Group	Company
	31 Mar 25	31 Mar 25
	£	£
Trade debtors	3,032,081	–
Prepayments and accrued income	3,959,876	–
Directors loan account	1,268,427	–
Other debtors	4,417,924	–
	-------------	----
	12,678,308	–
	-------------	----

17. Creditors: amounts falling due within one year

	Group	Company
	31 Mar 25	31 Mar 25
	£	£
Trade creditors	1,203,402	–
Accruals and deferred income	1,353,951	–
Corporation tax	303,966	–
Social security and other taxes	642,719	–
Defects provision	357,421	–
Other creditors	26,706	–
	------------	----
	3,888,165	–
	------------	----

18. Provisions

Group	Deferred tax (note 19)
	£
At 3 November 2023	–
Additions	25,409
	--------
At 31 March 2025	25,409
	--------

The company does not have any provisions.

19. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	Group	Company
	31 Mar 25	31 Mar 25
	£	£
Included in provisions (note 18)	25,409	–
	--------	----

The deferred tax account consists of the tax effect of timing differences in respect of:

	Group	Company
	31 Mar 25	31 Mar 25
	£	£
Accelerated capital allowances	25,409	–
	--------	----

20. Employee benefits

Defined contribution plans

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £ 251,815 .

21. Called up share capital

Issued, called up and fully paid

	31 Mar 25
	No.	£
Ordinary shares of £ 1 each	210	210
	----	----

22. Reserves

Share premium account - This reserve records the amount above the nominal value received for shares sold, less transaction costs. Profit and loss account - This reserve records retained earnings and accumulated losses.

23. Analysis of changes in net debt

	At 3 Nov 2023	Cash flows	At 31 Mar 2025
	£	£	£
Cash at bank and in hand	–	1,464,309	1,464,309
	----	------------	------------

Inspire Contract Services Holdings Limited

Notes to the Financial Statements (continued)

Period from 3 November 2023 to 31 March 2025

24. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	Group	Company
	31 Mar 25	31 Mar 25
	£	£
Not later than 1 year	57,383	–
Later than 1 year and not later than 5 years	229,530	–
Later than 5 years	229,530	–
	---------	----
	516,443	–
	---------	----

25. Directors' advances, credits and guarantees

At the year end a director owed the group £1,376,473 (2024: £1,399,778). During the year end the group made advances of £198,928 to the director and the director made repayments of £250,000 to the group. Interest of £27,767 was charged at a rate of 2.25% during the year on overdrawn balances. At the year end a director owed the group £11,671 (2024: £19,914). During the year end the group made advances of £81,757 to the director and the director made repayments of £90,000 to the group. At the year end the group owed a director £36,493 (2024: the director owed the company £21,468). During the year end the group made advances of £192,039 to the director and the director made repayments of £250,000 to the group. At the year end the group owed a director £1,462 (2024: £Nil). During the year end the group made advances of £10,138 to the director and the director made repayments of £11,600 to the group. At the year end the group owed a director £81,762 (2024: £7,610). During the year end the group made advances of £145,848 to the director and the director made repayments of £220,000 to the group.

26. Related party transactions

Group

At the year end the Inspire Group was owed £2,800,000 (2024: £Nil) by Inspirit Investments Limited, a company under common control. At the year end the Inspire Group was owed £1,312,359 (2024: £1,309,396) by GS Property Holdings Limited, a company under common control. At the year end the Inspire Group was owed £364,110 (2024: £364,110) by Ashley Consultants UK Limited and Ashley Consultants Holdings Limited, companies associated under common control.

27. Controlling party

The ultimate controlling party is G Slawson .