Company Registration No. 13371753 (England and Wales)
INSPIRED BY AFRICA LTD
Unaudited accounts
for the year ended 31 May 2023
INSPIRED BY AFRICA LTD
Unaudited accounts
Contents
INSPIRED BY AFRICA LTD
Company Information
for the year ended 31 May 2023
Director
RICHMOND OSEI-AKOTO
Company Number
13371753 (England and Wales)
Registered Office
26 WILKINS CLOSE
MITCHAM
CR4 3SA
ENGLAND
Accountants
FRESH FIRE ORGANISATION
GENERATOR BUSINESS CENTRE
95 MILES ROAD
MITCHAM
CR4 3FH
INSPIRED BY AFRICA LTD
Statement of financial position
as at 31 May 2023
Cash at bank and in hand
3,707
2,414
Creditors: amounts falling due within one year
(3,623)
(1,300)
Net current assets
84
1,114
Total assets less current liabilities
509
1,645
Creditors: amounts falling due after more than one year
(171)
(1,200)
Profit and loss account
338
445
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 February 2024 and were signed on its behalf by
RICHMOND OSEI-AKOTO
Director
Company Registration No. 13371753
INSPIRED BY AFRICA LTD
Notes to the Accounts
for the year ended 31 May 2023
INSPIRED BY AFRICA LTD is a private company, limited by guarantee, registered in England and Wales, registration number 13371753. The registered office is 26 WILKINS CLOSE, MITCHAM, CR4 3SA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Depreciation is calculated at 20% reducing balance method
4
Tangible fixed assets
Plant & machinery
5
Creditors: amounts falling due within one year
2023
2022
Deferred income
1,000
1,000
INSPIRED BY AFRICA LTD
Notes to the Accounts
for the year ended 31 May 2023
6
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
171
1,200
7
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).