Inspirate,Ltd - AccountsLtd

Registered Number :

08024328

As at 31 March 2025

Inspirate

Statement of Financial Position

2024

2025

Notes

Fixed assets

Property, plant and equipment

1,806

2,407

1,806

2,407

Current assets

Trade and other receivables

2,729

10,642

163,264

Cash and cash equivalents

133,576

144,218

165,993

Trade and other payables: amounts falling due within one

year

(66,339)

(28,374)

99,654

115,844

Net current assets

Total assets less current liabilities

117,650

102,061

(307)

(457)

Provisions for liabilities

117,343

Net assets

101,604

Capital and reserves

Retained earnings

117,343

101,604

117,343

101,604

Members' Funds

For the year ended 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 of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Mr Suraj Kataria Director

These financial statements were approved and authorised for issue by the Board on 03 December 2025 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2025

Inspirate

Notes to the Financial Statements

Statutory Information

Inspirate is a private limited company, limited by guarantee, domiciled in England and Wales, registration number

08024328.

Registered address:

Phoenix Square Workspace 19,

4 Midland Street,

Leicester

LE1 1TG

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the

Companies Act 2006.

The financial statements have been prepared under the historical costs convention as modified by the revaluation of

certain assets.

Revenue recognition

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

Property, plant and equipment

Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives.

Plant and Machinery

25 Reducing balance

Computer Equipment

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

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For the year ended 31 March 2025

Inspirate

Notes to the Financial Statements Continued

Financial Instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other

Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the

contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in

the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an

intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial Assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price

including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are

not amortised.

Classification of Financial Liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements

entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company

after deducting all of its liabilities.

Basic Financial Liabilities

Basic financial liabilities, including creditors, 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 payments discounted at a

market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade

creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business

from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not,

they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and

subsequently measured at amortised cost using the effective interest method.

2. Property, plant and equipment

Total

Computer

Equipment

Plant and

Machinery

Cost or

valuation

At 01 April 2024

7,889

7,431

458

At 31 March 2025

458

7,431

7,889

Provision for depreciation and impairment

At 01 April 2024

5,482

5,367

115

Charge for year

601

516

At 31 March 2025

6,083

5,883

200

At 31 March 2025

Net book value

258

1,548

1,806

At 31 March 2024

343

2,064

2,407

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