REGISTERED NUMBER: 06347159 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

INSPIRED DWELLINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S J Sutherland

R E O Sutherland

REGISTERED OFFICE:

Unit 10&11 The Old Power Station

121 Mortlake High Street

Barnes

London

SW14 8SN

REGISTERED NUMBER:

06347159 (England and Wales)

ACCOUNTANTS:

RJP LLP

Ground Floor

Egerton House

68 Baker Street

Weybridge

Surrey

KT13 8AL

FIXED ASSETS

Tangible assets

4

45,398

57,255

CURRENT ASSETS

Stocks

30,427

32,110

Debtors

5

259,561

197,874

Cash at bank

32,189

1,588

322,177

231,572

CREDITORS

Amounts falling due within one year

6

566,773

488,473

NET CURRENT LIABILITIES

(244,596

)

(256,901

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(199,198

)

(199,646

)

CREDITORS

Amounts falling due after more than one year

7

-

17,296

NET LIABILITIES

(199,198

)

(216,942

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Share premium

24,900

24,900

Retained earnings

(225,098

)

(242,842

)

SHAREHOLDERS' FUNDS

(199,198

)

(216,942

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 June 2026 and were signed on its behalf by:

S J Sutherland - Director

1.	STATUTORY INFORMATION

Inspired Dwellings 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.

Tangible fixed assets

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

Fixtures & fittings - 25% reducing balance

Motor Vehicles - 20% reducing balance

Computer Equipment - 25% reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stock comprises goods held for resale, which are valued at the lower of cost and net realisable value.

Cost is based on the purchase price.

Net realisable value is based on estimated selling prices, less estimated selling costs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 19 (2024 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2024

214,708

Additions

583

At 30 June 2025

215,291

DEPRECIATION

At 1 July 2024

157,453

Charge for year

12,440

At 30 June 2025

169,893

NET BOOK VALUE

At 30 June 2025

45,398

At 30 June 2024

57,255

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 July 2024

and 30 June 2025

87,852

DEPRECIATION

At 1 July 2024

49,741

Charge for year

7,622

At 30 June 2025

57,363

NET BOOK VALUE

At 30 June 2025

30,489

At 30 June 2024

38,111

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

251,149

190,462

Other debtors

8,412

7,412

259,561

197,874

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans and overdrafts

83,347

90,365

Hire purchase contracts

7,296

16,707

Trade creditors

169,671

122,774

Taxation and social security

98,413

76,850

Other creditors

208,046

181,777

566,773

488,473

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans

-

10,000

Hire purchase contracts

-

7,296

-

17,296

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2025 and 30 June 2024:

30.6.25

30.6.24

£

£

Director

Balance outstanding at start of year

(25,821

)

(1,408

)

Amounts advanced

116,234

92,375

Amounts repaid

(91,281

)

(116,788

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(868

)

(25,821

)

Director

Balance outstanding at start of year

-

-

Amounts repaid

(312

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(312

)

-