Inspira Wealth Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 12748266 (England and Wales)

Inspira Wealth Limited

Unaudited Financial Statements

for the Period 1 August 2021 to 31 December 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

V A Angelo

D D W Bendall

J L Davies

SECRETARY:

REGISTERED OFFICE:

1st Floor Hanover House

14 Hanover Square

London

W1S 1HN

REGISTERED NUMBER:

12748266 (England and Wales)

ACCOUNTANTS:

Cottrill Mason Ltd

13 Vansittart Estate

Windsor

Berkshire

SL4 1SE

FIXED ASSETS

Tangible assets

4

2,274

-

CURRENT ASSETS

Debtors

5

177,021

52,345

Cash at bank

244,355

17,303

421,376

69,648

CREDITORS

Amounts falling due within one year

6

(73,534

)

(155,076

)

NET CURRENT ASSETS/(LIABILITIES)

347,842

(85,428

)

TOTAL ASSETS LESS CURRENT LIABILITIES

350,116

(85,428

)

CAPITAL AND RESERVES

Called up share capital

2,015

1,000

Share premium

1,035,780

10,399

Retained earnings

(687,679

)

(96,827

)

350,116

(85,428

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2021 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 14 January 2023 and were signed on its behalf by:

V A Angelo - Director

1.	STATUTORY INFORMATION

Inspira Wealth 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.

Tangible fixed assets

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

Taxation

Taxation for the period 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

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 period 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 period was 3 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

3,033

At 31 December 2021

3,033

DEPRECIATION

Charge for period

759

At 31 December 2021

759

NET BOOK VALUE

At 31 December 2021

2,274

5.

DEBTORS

31.12.21

31.7.21

£

£

Amounts falling due within one year:

Other debtors

19,544

5,821

Amounts falling due after more than one year:

Other debtors

157,477

46,524

Aggregate amounts

177,021

52,345

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.7.21

£

£

Bank loans and overdrafts

237

-

Trade creditors

4,927

-

Taxation and social security

(141,165

)

(67,786

)

Other creditors

209,535

222,862

73,534

155,076