REGISTERED NUMBER: 04332017 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

Inspire Your Business Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M D McKenna ACA

R A Tait BFP ACA FCCA

SECRETARY:

R A Tait BFP ACA FCCA

REGISTERED OFFICE:

6 Queens Court

Third Avenue

Team Valley

Gateshead

Tyne and Wear

NE11 0BU

REGISTERED NUMBER:

04332017 (England and Wales)

ACCOUNTANTS:

Inspire Chartered Accountants

6 Queens Court

Third Avenue

Team Valley

Gateshead

Tyne and Wear

NE11 0BU

FIXED ASSETS

Intangible assets

4

270,000

300,000

Tangible assets

5

6,138

7,113

Investments

6

100

-

276,238

307,113

CURRENT ASSETS

Debtors

7

915,431

1,069,364

CREDITORS

Amounts falling due within one year

8

783,689

772,749

NET CURRENT ASSETS

131,742

296,615

TOTAL ASSETS LESS CURRENT LIABILITIES

407,980

603,728

CREDITORS

Amounts falling due after more than one year

9

(218,841

)

(427,945

)

PROVISIONS FOR LIABILITIES

(1,534

)

(1,778

)

NET ASSETS

187,605

174,005

CAPITAL AND RESERVES

Called up share capital

2,100

2,100

Retained earnings

185,505

171,905

SHAREHOLDERS' FUNDS

187,605

174,005

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 31 May 2026 and were signed on its behalf by:

R A Tait BFP ACA FCCA - Director

M D McKenna ACA - Director

1.	STATUTORY INFORMATION

Inspire Your Business 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 May 2025

550,218

AMORTISATION

At 1 June 2024

250,218

Charge for year

30,000

At 31 May 2025

280,218

NET BOOK VALUE

At 31 May 2025

270,000

At 31 May 2024

300,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2024

62,667

Additions

1,790

At 31 May 2025

64,457

DEPRECIATION

At 1 June 2024

55,554

Charge for year

2,765

At 31 May 2025

58,319

NET BOOK VALUE

At 31 May 2025

6,138

At 31 May 2024

7,113

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

100

At 31 May 2025

100

NET BOOK VALUE

At 31 May 2025

100

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

518,406

553,731

Amounts owed by group undertakings

371,965

-

Other debtors

25,060

515,633

915,431

1,069,364

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans and overdrafts

201,908

202,825

Trade creditors

68,786

69,440

Taxation and social security

357,819

282,835

Other creditors

155,176

217,649

783,689

772,749

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans

185,508

295,758

Other creditors

33,333

132,187

218,841

427,945

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.25

31.5.24

£

£

Bank overdrafts

84,907

83,172

Bank loans

302,509

415,411

387,416

498,583

11.	RELATED PARTY DISCLOSURES

During the year the company rented premises owned by Inspire Financial Management Limited, a company in which Mr McKenna and Mr Tait are directors and shareholders.

The charge for rent in the year was £33,000 (2024:£33,000).

At 31 May 2025, the company was owed £371,965 (2024:£490,965) by Inspire Your Business (Number 2) Limited, a subsidiary company.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr McKenna and Mr Tait by virtue of their controlling shareholdings.