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Registration number: 07701756

Inspired Partnership Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 December 2025

Inspired Partnership Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 9

Inspired Partnership Limited

(Registration number: 07701756)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 80,754 | 106,581
Current assets |  |  |
Debtors | 5 | 455,895 | 391,196
Cash at bank and in hand |  | 261,848 | 190,985
|  | 717,743 | 582,181
Creditors: Amounts falling due within one year | 6 | (175,413) | (188,304)
Net current assets |  | 542,330 | 393,877
Total assets less current liabilities |  | 623,084 | 500,458
Creditors: Amounts falling due after more than one year | 6 | (172,461) | (73,639)
Provisions for liabilities |  | (16,444) | (22,577)
Net assets |  | 434,179 | 404,242
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 434,079 | 404,142
Shareholders' funds |  | 434,179 | 404,242

Inspired Partnership Limited

(Registration number: 07701756)
Balance Sheet as at 31 December 2025

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the director on 7 May 2026

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

Mr J M Dover

Director

Inspired Partnership Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Winchester House
Deane Gate Avenue
Taunton
Somerset
TA1 2UH

The principal place of business is:
Ash House
Cook Way, Bindon Road
Taunton
Somerset
TA2 6BJ

These financial statements were authorised for issue by the director on 7 May 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional and presentational currency of the company, and rounded to the nearest £.

Summary of disclosure exemptions

The company has taken advantage of the disclosure exemption given by Financial Reporting Standard 102 1A to not disclose transacations with other group companies that are wholly owned by the group.

Going concern

The accounts have been prepared on a going concern basis.

Inspired Partnership Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the Balance Sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 25% straight line
Motor vehicles | 21% straight line
Fixtures and fittings | 25% straight line
Plant and machinery | 25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Inspired Partnership Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Inspired Partnership Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year was 12 (2024 - 17).

Inspired Partnership Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4 | Tangible assets

| Plant and machinery £ | Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 January 2025 | 989 | 53,301 | 97,705 | 151,995
Additions | 153 | - | - | 153
Disposals | - | (2,168) | - | (2,168)
At 31 December 2025 | 1,142 | 51,133 | 97,705 | 149,980
Depreciation
At 1 January 2025 | 756 | 44,658 | - | 45,414
Charge for the year | 143 | 4,935 | 20,713 | 25,791
Eliminated on disposal | - | (1,979) | - | (1,979)
At 31 December 2025 | 899 | 47,614 | 20,713 | 69,226
Carrying amount
At 31 December 2025 | 243 | 3,519 | 76,992 | 80,754
At 31 December 2024 | 233 | 8,643 | 97,705 | 106,581

5 | Debtors

| Note | 2025 £ | 2024 £
Trade debtors |  | 83,431 | 17,612
Amounts owed by related parties | 8 | 354,288 | 299,538
Prepayments |  | 18,176 | 20,900
Accrued income |  | - | 53,146
|  | 455,895 | 391,196

Inspired Partnership Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

6 | Creditors

Due within one year | Note | 2025 £ | 2024 £
Loans and borrowings | 7 | 45,446 | 19,066
Trade creditors |  | 8,399 | 10,677
Amounts due to related parties | 8 | 9,779 | -
Social security and other taxes |  | 88,430 | 113,583
Other creditors |  | 1,559 | 2,738
Accruals |  | 21,800 | 23,320
Deferred income |  | - | 18,920
|  | 175,413 | 188,304
Due after one year |  |  |
Loans and borrowings | 7 | 172,461 | 73,639

7 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 26,380 | -
Hire purchase contracts | 19,066 | 19,066
| 45,446 | 19,066

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 116,300 | -
Hire purchase contracts | 56,161 | 73,639
| 172,461 | 73,639

The bank loan is denomiated in sterling with a nominal interest rate of 8.9% and the final instalment is due in July 2029. The bank loan is secured by a fixed and floating charge over the assets of the company.

Inspired Partnership Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

8 | Related party transactions

Loans (from)/to related parties

Terms of loans from related parties

During the year the Director maintained a loan with the company. The loan is repayable on demand and, when overdrawn, interest is charged at the approved HMRC approved rate. At the balance sheet date, the amount due to the Director was £9,779 (2024: £0).