COMPANY REGISTRATION NUMBER:
14215852
|
Engineered to Inspire Limited |
|
|
Unaudited financial statements |
|
|
Engineered to Inspire Limited |
|
|
Statement of financial position |
|
31 January 2026
|
2026 |
2025 |
|
|
|
(restated) |
|
Note |
£ |
£ |
£ |
£ |
|
|
|
|
|
Current assets
|
Debtors |
5 |
125,964 |
|
42,802 |
|
|
Cash at bank and in hand |
7,055 |
|
35,788 |
|
|
--------- |
|
------- |
|
|
133,019 |
|
78,590 |
|
|
|
|
|
|
|
|
Creditors: Amounts falling due within one year |
6 |
(
34,222) |
|
(
25,909) |
|
|
--------- |
|
------- |
|
|
Net current assets |
|
98,797 |
|
52,681 |
|
|
------- |
|
------- |
|
Total assets less current liabilities |
|
98,797 |
|
52,681 |
|
|
|
|
|
|
Provisions
|
Taxation including deferred tax |
|
208 |
|
174 |
|
|
------- |
|
------- |
|
Net assets |
|
99,005 |
|
52,855 |
|
|
------- |
|
------- |
|
|
|
|
|
Capital and reserves
|
Called up share capital |
|
100 |
|
100 |
|
Profit and loss account |
|
98,905 |
|
52,755 |
|
|
------- |
|
------- |
|
Shareholders funds |
|
99,005 |
|
52,855 |
|
|
------- |
|
------- |
|
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
29 October 2026
, and are signed on behalf of the board by:
Company registration number:
14215852
|
Engineered to Inspire Limited |
|
|
Notes to the financial statements |
|
Year ended 31 January 2026
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Building 425, Duxford Airfield, Duxford, Cambridge, CB22 4QR.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
Estimates and judgements used in preparing the financial statements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The resulting accounting estimates will, by definition seldom equal the related actual results. Any subsequent changes are accounted for with an effect on income at the time such updated information is available. The directors consider that there are no estimates or assumptions that have a significant effect on the financial statements.
Revenue recognition
Turnover is recognised at the fair value of the consideration received or receivable in the ordinary course of business, and is shown net of Value Added Tax. Revenue from the sale of services is recognised when the service has been satisfactorily provided, the amount can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of employees during the year was
28
(2025:
22
).
5.
Debtors
|
2026 |
2025 |
|
|
(restated) |
|
£ |
£ |
|
Other debtors |
125,964 |
42,802 |
|
--------- |
------- |
|
|
|
6.
Creditors:
Amounts falling due within one year
|
2026 |
2025 |
|
|
(restated) |
|
£ |
£ |
|
Social security and other taxes |
30,486 |
22,582 |
|
Other creditors |
3,736 |
3,327 |
|
------- |
------- |
|
34,222 |
25,909 |
|
------- |
------- |
|
|
|
7.
Prior period errors
Trade debtors reported in the comparative period were overstated due to amounts owed by associated companies not being reclassified. A restatement has been made to reflect these. The tables below show the impact of this adjustment to trade debtors and other debtors.
|
£ |
| Trade debtors at 31 January 2025 per filed accounts |
50,441 |
| Movement of connected companies balances |
(50,441) |
|
-------- |
| Restated trade debtors per 2025 comparatives |
– |
|
-------- |
|
|
|
£ |
| Other debtors at 31 January 2025 per filed accounts |
410 |
| Movement of connected companies balances from trade debtors |
50,441 |
| Reclassification between other debtors and other creditors |
(8,049) |
|
-------- |
| Restated other debtors per 2025 comparatives |
42,802 |
|
-------- |
|
|
|
£ |
| Other creditors at 31 January 2025 per filed accounts |
11,376 |
| Reclassification between other debtors and other creditors |
(8,049) |
|
-------- |
| Restated other creditors per 2025 comparatives |
3,327 |
|
-------- |
|
|
8.
Contingencies
The company has provided security to Coutts & Company in relation to loans taken out by a connected company. The total liability due in respect of this loan as at 31 January 2026 was £280,284. No liability is expected to arise from this guarantee.
9.
Related party transactions
At the reporting date, the Company had an outstanding balance of £125,524 due from connected companies. The balance is interest-free, unsecured, and repayable on demand.