ACCOUNTS - Final Accounts preparation

Company registration number: 7498158

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	INSPIRE LABS LTD


INSPIRE LABS LTD

COMPANY INFORMATION

Directors	B J Flux
	M R Edwards


Registered number	7498158


Registered office	The Town House
	114-116 Fore Street
	Hertford
	Hertfordshire
	SG14 1AJ


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


INSPIRE LABS LTD

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 6


INSPIRE LABS LTD REGISTERED NUMBER:7498158

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	5		-		608
Investments	6		55,075		535,323
			55,075		535,931
Current assets
Debtors: amounts falling due within one year	7	41,162		304,991
Bank and cash balances		83,274		68,937
		124,436		373,928
Creditors: amounts falling due within one year	8	(51,741)		(494,300)
Net current assets/(liabilities)			72,695		(120,372)
Total assets less current liabilities			127,770		415,559

Net assets			127,770		415,559

Capital and reserves
Called up share capital	100	100
Profit and loss account	127,670	415,459
	127,770	415,559

Page 1


INSPIRE LABS LTD REGISTERED NUMBER:7498158

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The directors consider 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 directors acknowledge their 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 R Edwards

Director

Date: 23 December 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2


INSPIRE LABS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Inspire Labs Ltd 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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

The company made a loss for the year of £287,789. The net assets at the year end were £127,770. The directors have prepared the accounts on a going concern basis.

2.3

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:

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


INSPIRE LABS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.4

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.

2.5

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.

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:

Computer equipment

33%

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.

2.7

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company
becomes party to the contractual provisions of the instrument.

Page 4


INSPIRE LABS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

4.	Parent company profit for the year

The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Income and Retained Earnings in these financial statements. The loss after tax of the parent Company for the year was £287,789 (2024 - loss £142,693).

5.	Tangible fixed assets

		Computer equipment
		£
	Cost or valuation
	At 1 April 2024	1,822
	At 31 March 2025	1,822
	Depreciation
	At 1 April 2024	1,214
	Charge for the year on owned assets	608
	At 31 March 2025	1,822
	Net book value
	At 31 March 2025	-
	At 31 March 2024	608

6.	Fixed asset investments

		Listed investments
		£
	Cost or valuation
	At 1 April 2024	535,323
	Disposals	(492,009)
	Revaluations	11,761
	At 31 March 2025	55,075

Page 5


INSPIRE LABS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Debtors

					2025	2024
					£	£


Trade debtors	24,799	11,524
Other debtors	-	55,544
Prepayments and accrued income	16,363	237,923
	41,162	304,991

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

Trade creditors	15,679	317,590
Amounts owed to group undertakings	14,167	24,167
Other taxation and social security	11,849	-
Other creditors	9,031	37,500
Accruals and deferred income	1,015	115,043
	51,741	494,300

9.	Controlling party

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

Page 6