Company registration number: 12554279
Annual report and unaudited financial statements
for the year ended 31 August 2025
for
Inspire Legal Group Ltd
Pages for filing with the Registrar
Company registration number: 12554279
Inspire Legal Group Ltd
Balance sheet
as at 31 August 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 5 6,342 2,604
6,342 2,604
Current assets
Stocks 540,000 195,000
Debtors 97,138 105,090
Cash at bank and in hand 421 804
637,559 300,894
Creditors: amounts falling due within one
year 		(335,984) (193,233)
Net current assets 301,575 107,661
Total assets less current liabilities 307,917 110,265
Creditors: Amounts falling due after more
than one year 		(1,746,418) (1,317,374)
NET LIABILITIES (1,438,501) (1,207,109)
Capital and reserves
Called up share capital 300 300
Profit and loss account (1,438,801) (1,207,409)
TOTAL EQUITY (1,438,501) (1,207,109)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 August 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
1
Company registration number: 12554279
Inspire Legal Group Ltd
Balance sheet - continued
as at 31 August 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 22 April 2026 and signed on its behalf by:
Mr D Tilley, Director Miss N Foster, Director
22 April 2026 22 April 2026
2
Inspire Legal Group Ltd
Notes to the financial statements
for the year ended 31 August 2025
1 Company information
Inspire Legal Group Ltd is a private company registered in England and Wales. Its registered number is 12554279. The company is limited by shares. Its registered office is Unit 4b, 14 Manor Court, Scarborough, North Yorkshire, YO11 3HD.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Computer equipment - 25% straight line
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Work in progress is valued at the lower of cost and net realisable value. Cost is calculated using the first -in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.
3
Inspire Legal Group Ltd
Notes to the financial statements - continued
for the year ended 31 August 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Critical accounting judgements and estimates
Work in Progress (WIP)
The company recognises Work in Progress in respect of ongoing legal matters where revenue has been earned but not yet billed. At the year end, WIP totalled £540,000.

The valuation of WIP requires significant management judgement, particularly in assessing:
– the stage of completion of each matter
– the recoverability of unbilled time
– the likelihood of successful case outcomes
– the expected realisable value of work performed

Due to the nature of legal case work, detailed matter‑by‑matter schedules are not available at the reporting date, and the directors have assessed the WIP balance based on their knowledge of ongoing files, historical recovery rates, and expected outcomes.

Management considers the carrying amount of WIP to be recoverable, and has confirmed that appropriate supporting records exist to substantiate the amount included.

Given the level of judgement involved, actual recoveries may differ from the amounts estimated.
4 Average number of employees
During the year the average number of employees was 11 (2024 - 7).
4
Inspire Legal Group Ltd
Notes to the financial statements - continued
for the year ended 31 August 2025
5 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 September 2024 4,171
Additions 4,529
At 31 August 2025 8,700
Depreciation
At 1 September 2024 1,567
Charge for year 791
At 31 August 2025 2,358
Net book value
At 31 August 2025 6,342
At 31 August 2024 2,604
6 Advances, credit and guarantees granted to directors
The following advances and credits to directors subsisted during the years ended 31 August 2025 and 31 August 2024.
2025 2024
£ £
Miss N Foster
Balance outstanding at start of year (159,996) (162,853)
Amounts advanced 18,701 12,168
Amounts repaid (610) (9,311)
Balance outstanding at end of year (141,905) (159,996)
2025 2024
£ £
Mr W Tilley
Balance outstanding at start of year (1,126,993) (454,085)
Amounts repaid (461,360) (672,908)
Balance outstanding at end of year (1,588,353) (1,126,993)
At 31 August 2025, the company owed £1,730,259 to its directors. The directors have confirmed in writing that they will not seek repayment of these amounts within 12 months of the balance sheet date. Accordingly, these loans are presented as long-term liabilities. The directors' undertaking provides financial support to the company and underpins the adoption of the going concern basis in preparing these financial statements.
5
Inspire Legal Group Ltd
Notes to the financial statements - continued
for the year ended 31 August 2025
7 Related party transactions
The directors, Miss N Foster and Mr W Tilley, are related parties by virtue of their directorships. During the year the company received funding from the directors through their loan accounts. At 31 August 2025, the amounts owed to the directors totalled £1,730,259 (2024: £1,286,989). The directors have confirmed that they will not demand repayment of these amounts within 12 months of the balance sheet date.
8 Guarantees and other financial commitments
At 31 August 2025, the company had long-term loans from the directors of £ 1,730,259. The directors have confirmed that they will continue to provide financial support for at least 12 months from the date of approval of these financial statements and will not seek repayment of their loans during that period.
9 Contingent liabilities
The company had no contingent liabilities at the balance sheet date.
10 Post balance sheet events
After the year-end, the company reached a settlement and agreed a payment plan with a former director in relation to historic matters. The amount agreed was £55,000 and was triggered on the 13th October 2025. As the agreement was entered into after the balance sheet date, this is treated as a non- adjusting event and no adjustment has been made to the financial statements.
After the year end, in September 2025, the company acquired 100% of the share capital of Han Law Co Ltd, a solicitor's practice previously operated by a sole director. As part of the transaction, the former owner of Han Law became a shareholder in Inspire Legal. As the acquisition occurred after the reporting date, it is treated as a non-adjusting event and no adjustment has been made to these financial statements. It is not practicable to quantify the financial effect of this acquisition at the date the financial statements were approved.
11 Stocks and Work in Progress
Work in progress represents unbilled legal services and is valued at the lower of cost and net realisable value. Cost comprises direct staff time and attributable overheads based on the stage of completion of each matter. Net realisable value represents the estimated recoverable amount based on the directors' assessment of each ongoing case.
6