REGISTERED NUMBER: 03947710 (England and Wales)

INSPIRED RECRUITMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S G Hickey

N J Hardisty

REGISTERED OFFICE:

Clarke Nicklin House

Brooks Drive

Cheadle Royal Business Park

Cheadle

Cheshire

SK8 3TD

REGISTERED NUMBER:

03947710 (England and Wales)

ACCOUNTANTS:

Clarke Nicklin LLP

Chartered Accountants

Clarke Nicklin House

Brooks Drive

Cheadle Royal Business Park

Cheadle

Cheshire

SK8 3TD

FIXED ASSETS

Tangible assets

4

14,715

22,391

CURRENT ASSETS

Debtors

5

2,284,685

2,446,874

Cash at bank

27,350

22,643

2,312,035

2,469,517

CREDITORS

Amounts falling due within one year

6

1,573,736

1,633,839

NET CURRENT ASSETS

738,299

835,678

TOTAL ASSETS LESS CURRENT LIABILITIES

753,014

858,069

CREDITORS

Amounts falling due after more than one year

7

(1,667

)

(11,667

)

PROVISIONS FOR LIABILITIES

9

(3,421

)

(5,283

)

NET ASSETS

747,926

841,119

CAPITAL AND RESERVES

Called up share capital

10

120

120

Retained earnings

747,806

840,999

SHAREHOLDERS' FUNDS

747,926

841,119

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

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 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 Board of Directors and authorised for issue on 20 December 2025 and were signed on its behalf by:

N J Hardisty - Director

1.	STATUTORY INFORMATION

Inspired Recruitment 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

Turnover represents net invoiced sales of services, excluding value added tax. Sales are recognised when the company obtains the right to consideration, which is normally as the underlying service is provided.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Invoice discounting

The company uses an invoice discounting facility and has adopted separate presentation whereby gross debts are included as an asset and the amount due to the invoice discounting company is included within creditors. The interest and charges are recognised as they accrue and are included in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

44,486

8,000

85,369

137,855

Additions

-

-

240

240

At 31 March 2025

44,486

8,000

85,609

138,095

DEPRECIATION

At 1 April 2024

44,096

6,255

65,113

115,464

Charge for year

97

349

7,470

7,916

At 31 March 2025

44,193

6,604

72,583

123,380

NET BOOK VALUE

At 31 March 2025

293

1,396

13,026

14,715

At 31 March 2024

390

1,745

20,256

22,391

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,078,138

1,148,506

Amounts owed by group undertakings

916,130

967,698

Prepayments and accrued income

290,417

330,670

2,284,685

2,446,874

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

-

5,144

Trade creditors

76,511

75,836

Amounts owed to group undertakings

1,302

1,302

Corporation tax

240,326

237,670

Social security and other taxes

(2,614

)

10,420

Value added tax

59,026

101,123

Other creditors

960,123

994,727

Accrued expenses

229,062

197,617

1,573,736

1,633,839

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - more than 1 yr

1,667

11,667

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

11,667

21,667

Invoice discounting advances

956,550

894,317

968,217

915,984

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

3,421

5,283

Deferred

tax

£

Balance at 1 April 2024

5,283

Provided during year

(1,862

)

Balance at 31 March 2025

3,421

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

10

Ordinary A

£1

10

10

10

Ordinary B

£1

10

10

120

120

11.	ULTIMATE CONTROLLING PARTY

The company's parent undertaking is H2 Group Investments Limited, a company registered in England and Wales, and controlled by S G Hickey and N Hardisty who own 100% of its share capital.