ACCOUNTS - Final Accounts preparation

Company registration number:7021605

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	INSPIREX LIMITED


INSPIREX LIMITED

COMPANY INFORMATION

Director	M Edwards


Registered number	7021605


Registered office	Richmond House
	Walkern Road
	Stevenage
	Herts
	SG1 3QP


Accountants	Menzies LLP
	Chartered Accountants
	Richmond House
	Walkern Road
	Stevenage
	Hertfordshire
	SG1 3QP


INSPIREX LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 7


INSPIREX LIMITED REGISTERED NUMBER:7021605

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Intangible assets	4		139,583		164,583
Tangible assets	5		13,304		11,996
Investments	6		2,499,793		3,118,164
			2,652,680		3,294,743
Current assets
Debtors: amounts falling due within one year	7	824,208		889,785
Cash at bank and in hand		204,991		406,023
		1,029,199		1,295,808
Creditors: amounts falling due within one year	8	(284,212)		(779,045)
Net current assets			744,987		516,763
Total assets less current liabilities			3,397,667		3,811,506

Net assets			3,397,667		3,811,506

Capital and reserves
Called up share capital	802	802
Share premium account	6,906	6,906
Capital redemption reserve	292	292
Profit and loss account	3,389,667	3,803,506
	3,397,667	3,811,506

Page 1


INSPIREX LIMITED REGISTERED NUMBER:7021605

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

M Edwards

Director

Date: 23 December 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2


INSPIREX LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

InspireX 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.
The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

Page 3


INSPIREX LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.4

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4


INSPIREX LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.5

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Motor vehicles	-	20%	on cost
				Fixtures and fittings	-	33%	on cost and 20% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Valuation of investments

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

4.	Intangible assets

		Goodwill
		£
	Cost
	At 1 April 2024	250,000
	At 31 March 2025	250,000
	Amortisation
	At 1 April 2024	85,417
	Charge for the year on owned assets	25,000
	At 31 March 2025	110,417
	Net book value
	At 31 March 2025	139,583
	At 31 March 2024	164,583

Page 5


INSPIREX LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

5.	Tangible fixed assets

		Plant and machinery
		£
	Cost or valuation
	At 1 April 2024	107,018
	Additions	1,961
	At 31 March 2025	108,979
	Depreciation
	At 1 April 2024	95,022
	Charge for the year on owned assets	653
	At 31 March 2025	95,675
	Net book value
	At 31 March 2025	13,304
	At 31 March 2024	11,996

6.	Fixed asset investments

		Listed investments
		£
	Cost or valuation
	At 1 April 2024	3,118,164
	Additions	1,315,239
	Disposals	(2,186,837)
	Revaluations	253,227
	At 31 March 2025	2,499,793

Debtors

2025

2024

Page 6


INSPIREX LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

7.Debtors (continued)


Trade debtors	449,373	422,947
Other debtors	208,475	309,663
Prepayments and accrued income	98,974	89,789
Tax recoverable	67,386	67,386
	824,208	889,785

8.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	114,723	370,902
Amounts owed to connected companies	35,789	40,612
Corporation tax	-	67,386
Other creditors	114	1,738
Accruals and deferred income	133,586	298,407
	284,212	779,045

9.	Loans to participators
	At the balance sheet date the company was owed £199,661 (2024: £199,661) from participating parties. The balance can be found within debtors. The maximum balance outstanding in the year was £199,661.

10.	Parent undertaking

The parent undertaking is Inspire Group Investments Limited, whose registered office is Richmond House, Walkern Road, Stevenage, Hertfordshire SG1 3QP.

Page 7