Inspirational by Design Ltd - Filleted accounts

Registered number

05137642

Inspirational by Design Ltd

Unaudited Filleted Accounts

31 January 2026

Inspirational by Design Ltd
Registered number:		05137642
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Intangible assets	3		4,330			18,300
Tangible assets	4		14,931			18,823
			19,261			37,123

Current assets
Stocks		160,179			148,895
Debtors	5	55,967			58,716
Cash at bank and in hand		406,806			347,592
		622,952			555,203

Creditors: amounts falling due within one year	6	(248,302)			(234,181)

Net current assets			374,650			321,022

Total assets less current liabilities			393,911			358,145


Provisions for liabilities			(3,452)			(3,713)


Net assets			390,459			354,432

Capital and reserves
Called up share capital			149,389			149,389
Profit and loss account			241,070			205,043

Shareholders' funds			390,459			354,432

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

Ms R Larcombe
Director
Approved by the board on 4 June 2026

Inspirational by Design Ltd
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	Over 3 - 10 years
	Leasehold Improvements	Over 10 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors and creditors receivable/payable within one year
	Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			8		6


3	Intangible fixed assets			Website	Goodwill
£					£

	Cost
	At 1 February 2025			4,350		223,805
	At 31 January 2026			4,350		223,805

	Amortisation
	At 1 February 2025			435		209,420
	Provided during the year			435		13,535
	At 31 January 2026			870		222,955

	Net book value
	At 31 January 2026			3,480		850
	At 31 January 2025			3,915		14,385

	Both Goodwill & Website development are being written off in equal annual instalments over their estimated economic life of 10 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 February 2025	21,152		37,705		58,857
	Additions	-		791		791
	At 31 January 2026	21,152		38,496		59,648

	Depreciation
	At 1 February 2025	6,345		33,689		40,034
	Charge for the year	2,116		2,567		4,683
	At 31 January 2026	8,461		36,256		44,717

	Net book value
	At 31 January 2026	12,691		2,240		14,931
	At 31 January 2025	14,807		4,016		18,823


5	Debtors			2026		2025
£					£

	Trade debtors			27,830		34,840
	Other debtors			28,137		23,876
				55,967		58,716


6	Creditors: amounts falling due within one year			2026		2025
£					£

	Trade creditors			33,302		32,954
	Taxation and social security costs			35,180		21,416
	Other creditors			179,820		179,811
				248,302		234,181


7	Other information

	Inspirational by Design Ltd is a private company limited by shares and incorporated in England. Its registered office is:

	Bawdenhayes
	Sandford
	Nr Crediton
	Devon
	EX17 4ET